Many families depend on two incomes to make ends meet.

If your partner passed away, would you have enough money to cover their funeral costs, credit card balances, outstanding loans and daily living expenses?

If you passed away tomorrow, would your spouse or partner be able to financially provide your children with the opportunities you had planned for them?

Would there be enough income to pay for school, college or university as well as all the living expenses along the way?

For most people, the family home is their most significant financial asset and their mortgage is their most significant liability.

If you have a mortgage, consider taking out life insurance for the value of the mortgage to provide your family with the security of a fully paid home if the worst should happen.

If you passed away today, your partner could potentially outlive you by many years. Consider whether your partner would have to make drastic lifestyle adjustments to make ends meet and whether you have adequate life insurance cover in place to ensure you avoid financial struggles in retirement.

Certain governments levy some form of death duty, estate duty or inheritance tax on the estate of a deceased citizen or tax-resident, which must be settled by that person’s beneficiaries. Consider whether your family is exposed to this potential liability. If they are, life insurance is often the most cost-effective solution to help a family pay these taxes.