As we all know life is short and unfortunately illness(s) will come, accidents will happen and eventually we will pass.
All protection that's: Life Insurance, Critical illness Cover and income protection use a number of variables to asses if that person can be protected, how the protections would work and the associated costs or premiums.
These factors can include the following and more: Gender, smoking status, health, family health occupation and "age"
Obviously, nobody wants to pay ongoing inflated fees for life insurance or protection. Therefore securing the protection when our family is health, we are health and younger the better is going to mean a better "Lower" premium and with less exclusions.
So usually the rule is get the life insurance and illness protection yesterday!
Its logical when you think about it if your family has all had the same condition you may follow that trend. Again obtain the life insurance when you are young, healthy and same for your immediate family.
Many families only think about this protection mix when obtaining a Mortgage for their family home; however if they planned ahead the protection could have been far cheaper and more future proof!
Golden Rock is an independent advisory service giving free information to protect you and family in the most efficient and relevant way not just cheap but the correct illnesses? (they all cover different and pay at different severity of illness.
Please get in touch for more information
