There are many good reasons to take out life cover, here are just 10.

  1. To provide for your loved ones in the event of death.
  2. To cover funeral expenses.
  3. To cover any personal loans or borrowings in the event of death.
  4. To cover any company loans or borrowings in the event of death.
  5. Protect a company’s possible lost profits.
  6. Provide the necessary finance to buy the shares from the original shareholders or their estate.
  7. To pay for medical bills that might be left behind by the deceased.
  8. To provide an education or care to children that have lost one or both parents.
  9. To provide and unmarried partner with enough cover to meet a large inheritance tax bill.
  10. To provide an inheritance to surviving family members/children.