Emma and her financial protection
Please note: The following is an example customer.
Emma is a 30-year-old single mum; her daughter is 4 years old and will be starting school soon. Looking at schools has made Emma realise her little girl is growing up and it’s making her think about the future. Her daughter might want to go to university when she’s older and there are a lot of costs involved in education. Naturally, Emma wants the best for her daughter and wants to make sure her future is protected.
Being on her own Emma is conscious that her daughter relies on her, and only her, and she worries about what would happen if she was to pass away before her daughter could look after herself. Emma is currently working as a retail assistant and rents her home, she’s not currently able to have lots of savings that she could leave to her daughter in the event of her death. So, she decides to look into life insurance.
Life insurance pays out a lump sum when the person insured dies, and is paid out to a beneficiary, usually a family member or friend. It can provide peace of mind that your loved ones are financially protected should anything happen to you, especially if you have dependants.
Emma chooses to get a quote for £150,000 of cover, she believes this would cover any childcare and educational costs her daughter might need/ face. She decides to get cover for 18 years which means her daughter will have grown up and completed her education before the plan ends. Emma thinks that having a level cover option is best as this means her premiums and cover amount don’t change, she knows exactly how much she will pay each month and how much the payout would be.
Emma’s quote
Cover amount – £150,000
Cover term – 18 years
Cover type – Level
Cignpost Life quote – £7.20 per month*
This is affordable for Emma, and she takes out the life insurance policy. Now she can relax knowing her daughter is financially secure should she die.
If you can relate to Emma, why not get a quote for Life insurance today and take the first step towards protecting your loved ones.
*based on level cover for a 30-year-old non-smoker and assuming Emma is healthy.