5 reasons why union members should get life insurance
Life insurance seems like one of those things you’ll get around to one day. You know you should have it, but it doesn’t seem like something you need - until you do.
Unfortunately, if you don’t have life insurance by the time you actually need to use it, it’s too late. As the saying goes, ‘Needing insurance is like needing a parachute - if it isn't there the first time, chances are you won't be needing it again.’
There are plenty of reasons why people don’t get life insurance sorted, but the reasons why you should have life insurance far outweigh these. It only takes one decision to get some advice and take action so you can rest assured that you and your family will be protected should the worst happen.
Here are just some of the important reasons that union members should have life insurance:
1. It lessens the financial strain on your family
Having life insurance in place helps keep your family afloat by giving them access to financial resources in the event of your untimely passing. Your family will receive a lump-sum payment to help them cover what they need to get through without you.
2. It can help with terminal illnesses
Life insurance isn’t just for when you pass away. If you’re diagnosed with a terminal illness, your policy may allow you to receive your life insurance payout early. This can help you plan for your family’s future while you can, or it can even be used to make the most of the time you have left.
3. Your funeral costs can be covered
Unfortunately, funerals are not cheap, and the last thing you want your family to be worried about when you pass is having to cover the cost of your final farewell. With life insurance, you can receive a payment that will help your family pay for your funeral and ease the burden.
4. Your family is supported
Life insurance not only supports your family financially, but it also allows them to be supported in other ways too. A life insurance payout can be used to ensure they don’t need to sell the family home and that their current lifestyle can be maintained. The more stability and familiarity they have, the more they can grieve and recover in peace.
5. It’s not as difficult to sort as you think
The insurance industry in general can be full of complexities and jargon, but when you work with the right people, getting life cover sorted for you and your family is a breeze. Financial advisers, like the experienced team we have at Union Plus, are your best bet when it comes to making sure you get it right.
Because we specialise in financial advice for union workers, we know just what you need to keep your family protected. If you’ve been putting off getting life insurance, now’s your chance to get in touch and get it sorted - we’ll do all the heavy-lifting for you. Our financial reviews are completely free of charge, and there’s no obligation for you to take our recommendations.
Plus, when you work with us, you’ll receive $100 to put towards your first month’s premium! See below for details.
Receive a $100 voucher when you work with us!
Looking to save money on your insurance?
Our trusted advisers are skilled at finding the best cover for you – not just selling you the most expensive cover. We understand that every dollar counts.
Book in for free, no-obligation financial advice with one of our trusted advisers today and receive a voucher to match your first month’s premium (up to $100).
This applies to any new home loans or personal insurance covers (life, trauma , mortgage / income protection or health insurance).
Already got your cover sorted? Pass this on to another union member to help them out too.