Liberty Advisory Services
The risk cover you need in your 20's is fundamentally different to your needs in your 50's:
- When you are young with no dependants, and little debt, your need for life cover may be limited while your main concern is insuring your future income.
- When you reach your 30's you will probably buy your first home and start a family. Now you may need to ensure you have cover that will settle your debts and provide for your family should something happen to you.
- As you get older and build up your assets and pay off your debts, you may require less life cover while your need for dread disease cover increases.
Understand your needs
Liberty has developed Risk Explorer which is an app that takes users on a journey through their life and the various risks they need to cover. Risk Explorer allows users to view a typical, relevant journey through life's "what if's" by simply inputting three key pieces of information: their gender, their smoker status and their age.
Risk Explorer combines user specific risks, such as contracting cancer, with laymen's explanations of the cover options available. It also provides an instant access to a quick indicative quote that is interactive, user-friendly and obligation free. You now know how much your risk protection is likely to cost before signing papers and filling in forms.
Preparing for the future
It is important to know that different stages of life require different approaches to insurance and you need to ensure that you are able to access the right cover when you need it most. There is no point in taking out cover today that you will only need in the future, but you also want to know that you can access that future cover irrespective of your health. For a small additional premium Future Protector provides you with the flexibility to purchase cover in the future without any underwriting other than a negative HIV test.