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Six ways an adviser can help your family prepare for the unthinkable


Many people think about taking out life insurance, but never actually get around to doing it. Sometimes that can be because they don’t know where to start – who to talk to, how to apply, how much cover they need, or how much it may cost.

But life insurance is too important to put off. It helps protects you and your family financially if the unthinkable happens – serious illness, loss of income, disability, or death. It’s not necessarily something we want to think about, but it can help you safeguard your family’s financial future. If you or someone in your family has put life insurance in the too-hard basket, it may be time to get some help from the experts.

A life insurance adviser’s role is to make sure you understand your financial goals and the different insurance options available to you. If you’re unsure or apprehensive about taking that first step, an adviser will help you navigate the process and provide personalised recommendations, giving you the peace of mind that you have the cover you need.

Here’s what an adviser will do to when you get in touch:


Assess your financial goals

Before getting into the nitty-gritty, an adviser will ask you about your family’s financial goals and current financial situation.

Your adviser will ask questions to paint a picture of your income, assets, savings and mortgage and other debt and the things that are important to you and your family.

Everyone’s financial situation is unique and it’s important to understand your specific situation and needs, so your policy covers your at-risk financial obligations. Young families might need to consider safeguarding their children’s future educations, while couples might need to think about what would happen if the main breadwinner was to pass away unexpectedly. Understanding how the bills and mortgage will be paid if you are unable to work due to illness or accident – is also important to understand.

Ask about your future

Life insurance shouldn’t just cover the here-and-now, it should also cover the future you. Do you plan on buying a house or taking on any debt? What other financial goals are you working towards? It’s these sorts of questions a life insurance adviser will ask, so you get the best product for your financial commitments now – and in the future.

Help you get the right type and level of cover

Life insurance isn’t one-size-fits-all – and it can do a whole lot more than just pay out in the event of your death. Income and mortgage protection, medical, trauma and disablement cover all fall under the life insurance umbrella.

Once you’ve had that initial conversation with your life insurance adviser, they’ll make recommendations that take into account your life stage and financial circumstances.

The recommendations will cover the things discussed that are important to you.

Take into account any existing cover

As part of any recommendation, your adviser will also take into account any existing insurance policies you may have. This makes sure you don’t have any double ups or gaps in your cover, so you have the right protection in place for your needs.

Adapt your policy as your needs change

Life changes more often than we’d like to think, so a life insurance adviser’s work doesn’t stop once you’ve got your policy in place. A good adviser will get in touch at least once a year to talk through any changes to your circumstances and goals and update your policy benefits and cover levels to fit. Buying a house, having a child, changing jobs, retiring – these can all make a big difference to the type and level of cover you need.

A master policy for your life insurance needs

Cigna’s Assurance Extra is a master policy for all your life insurance needs and covers six main benefits: Life and life income, trauma, mortgage repayment, income protection, complete disablement and premium cover.

Of course, each person has a unique financial situation and insurance requirements, so it’s vital to talk to an expert before you sign on the dotted line. Talking to one of Cigna’s insurance advisers can help you balance your insurance needs with a premium that you can afford – making sure you and your family are covered, even when the unthinkable happens.

It can sometimes feel like a sensitive subject to raise, but you don’t need to have all the answers – the important thing is starting the conversation with your family about the “what ifs” and making sure you and your family have all the information to make an informed decision.

This article was brought to you by Cigna. Find out more by getting in touch with a Cigna adviser today for tailored insurance advice for your life and circumstances.