You may be used to sorting out cover for your car, home, pet, gadgets and more, but have you forgotten to sort out the most important insurance?
There is only one type of insurance that can offer an invaluable amount of money to help you re-adjust after the loss of a loved one — life insurance.
You, or you and your partner, are responsible for paying your mortgage/rent, your car insurance and other outgoings, but what if one of you died?
This is when life insurance kicks in — you can grieve and not have to worry about how you'll cope with your bills.
If you support others financially, think about how they would manage if you passed away.
A life insurance policy doesn't need to cost a fortune, and is generally cheaper the younger you are.
This is definitely the most ideal situation to be in, but freak accidents can happen to anyone, regardless of age and fitness.
Getting life insurance can offer you peace of mind against the unexpected happening.
Having a policy in place when you have a family can be sensible, especially if you have a mortgage and don't want this debt to land on your children should the worst happen.
However, getting a policy in place when you're younger can reduce the cost of your premiums.
If you have death in service, or similar, the amount paid out may be insufficient for your needs, but it is still a great workplace benefit.
However, if you leave your place of work, you most likely leave behind the benefit too.
Unlike other things you might put off, like going to the gym 3 times a week, or sticking to a diet, you only need to start a life insurance policy once.
You also won't need to review it each year either, unlike other types of insurance.
This shows you've already considered the risk of your family losing your income.
However, if your partner passed away, could you survive as a sole earner?
Having a lump sum come your way could offer you support when rearranging your life. You could consider a policy each, or a joint policy to cover you both.
This is natural as you want to get something this important right first time. You can get an overview of the different types of life insurance here.