Does your insurance cover reflect your lifestyle?

06 May 2021

When was the last time you had a look at all your assets? Have you added to your asset base or trimmed it down? This usually depends on where you are in your life journey. Have you

  • bought/sold rental income properties?
  • bought/sold vehicles?
  • bought/sold vacation homes?
  • bought/sold a business?

Has your debt increased or decreased in these transactions? 
Who will pay this debt in the unfortunate event that you pass away prematurely?
Will you have enough life cover to ensure all your debts are paid, or will you leave your family in financial difficulties?

You have spent a lifetime accumulating wealth for you and your family. It will be a pity to see debt collectors attach your assets to pay off your debt. High debt could see your family lose their house and have no means of support.

Adequate life cover will ensure that your assets and family are protected and will cover any outstanding debt so that your family will be able to continue the lifestyle which they are accustomed to.

Your deVere adviser will do an assessment of your assets and debts and recommend the amount of cover you would need.

Remember that as your debt decreases or increases, the amount of cover has to be adjusted.

Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.