Sarah and her financial protection
Please note: The following is an example customer.
Sarah works as a care assistant. In her line of work, she sees first-hand how loss can affect people and the financial impact it can have on a family. She’s seen the loved ones of patients not only dealing with grief but also having to change their lifestyle or move homes because they can no longer afford it without the additional income. This has made her look at her own situation and to consider how she can make her own passing easier on her loved ones when the time comes.
Sarah has a partner who she owns a home with and although they don’t have children, her partner would struggle to pay the mortgage on his own. Sarah would hate for him to have to leave their home in the event of her death so decided to look into financial protection. She learned that Life insurance policies could be a way of securing her partner’s future and could provide her with peace of mind.
Looking at the remainder of their mortgage, Sarah decides that her partner would need £200,000 to pay off the mortgage and to have enough left over to continue living in comfort. She therefore gets quotes for £200,000 of cover, and she decides to have the policy for 20 years, which means she will have the policy until she is 62 years old (she is currently 42). Due to the recent increases in inflation …
