5 Quick Life Insurance Tips

Are you thinking about getting life insurance coverage but you’re not quite sure what it does or how much you need? Life insurance doesn’t have to be complicated. Here’s a little information that will help you confidently navigate the life insurance process.


1. What’s The Use Of Life Insurance?

Life insurance offers you and your family peace of mind at a crucial time because, in the unfortunate event of your death, it can help cover funeral costs and living expenses for your family. Life insurance eases the financial burden for the loved ones who remain after you’ve “joined the great majority”.


Poetic Metaphors for Death


  • Gone west.
  • Assumed room temperature.
  • Popped one’s clogs.
  • Fallen off the perch.
  • Sleeping with the fishes.



2. When Is The Right Time To Get Life Insurance?

It’s a smart move to consider life insurance if you’ve recently experienced a major life event, such as:


  • Having a baby.
  • Getting married or entering into a relationship.
  • Starting a new job.
  • Buying a home.

3. How Much Life Insurance Do You Need?

A quick look at your financial situation will give you a starting point. Examine these things to help determine your optimal level of cover:


  • Your level of debt.
  • Your level of savings.
  • The number of dependents you have.
  • Your job.


4. Why Some Life Insurance Is Better Than None

It’s a good idea to get some life insurance coverage that meets some of your needs, sooner rather than later. Getting basic life insurance coverage in place would at least provide some financial support for those people most important to you. Having no insurance at all leaves them with nothing. Or worse, with debt.


5. Your Life Insurance Evolves With Your Life

When you’re young, life is a little simpler. That translates to your life insurance, too. For younger people with little debt and no dependents, a smaller amount of life insurance is a more appropriate choice. As you age, homes are bought and dependents are born, increasing the amount of coverage. Older still, and the kids have moved out of your fully-paid home. You can likely start to scale back on coverage. Life insurance should always meet your needs.

If you need help, one of our Click Insurance advisers will be happy to take the time to know your financial situation and understand what’s important to you. They are experts in insurance and its various products, so they can help ensure you get comprehensive, affordable coverage you need.