Life Insurance
If you had an accident, died or suffered a critical illness, have you thought how your family would cope financially?
Life, critical illness, and disability insurance protects those who depend on your paycheck, such as your wife, children and quite possibly, your parents. If you die prematurely, life insurance can provide ongoing income to your dependents, until they are able to live comfortably without it.
Personal Insurance is considered to be an important part of an individual’s investment portfolio, not necessarily to accumulate wealth, but to feel financially secure. What is important when you opt for a policy is the term and plan related to that particular policy.
Choosing the right insurance plan is probably one of the most important financial decisions you will make for yourself and your family. Mosaic Global will advise you, based on your income, age, dependents, and medical history, the best provider and plan to go for, using its extensive network of brokerages and insurance providers.
Can I Have Multiple Life Insurance Policies?
Yes, you can have multiple policies from the same or different life insurance company. For example, you could have a permanent life insurance policy and also a term life policy for a short-term need. But if you apply for more insurance coverage than your situation indicates you need, the insurance companies will likely ask why.
How Much and What Plan Should I Go For?
This is determined from client to client, depending on the annual income/savings of the individual, age, and family requirements. With the myriad of insurance products out there, Mosaic Global will work with you to find out which plan would work best in your circumstances.
How Much Will It Cost?
The insurance plan that you will select will be based on what kind of income-protection you require for your dependents, and your income level. Mosaic Global will always take into account the affordability of such a plan from the client’s perspective, to ensure the policy is an investment for the client and not a cost.
Can it Protect My Business?
By purchasing life insurance on the lives of the business partners for the value of their share, the heirs of the deceased owner can be assured of timely payment at a fair price for their share of the business. Life insurance also gives the other partners the peace of mind to know that buying out the deceased’s share of the business won’t put a strain on your business’ cash flow or force you to sell off assets to pay the bill.
Getting your Policy
Talk to your family about life insurance, as it will give you an idea of what size of policy to seek.
Contact us for a free evaluation of your life insurance needs and allow us to draw up options for you based on your requirements and situation. Remember that with life insurance, always start when you are younger – its much cheaper and has far greater benefit than when you are older.
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