New research carried out by Zurich highlights the benefits of financial advisors and the advantages of seeking expert advice.
The research found that 78% of people who have a financial advisor believe the advice they have received has had a positive impact*. The same number of people said that due to their positive experience having sought advice from a financial advisor, they would recommend one to their family and friends.
Over half of respondents to the research survey have life protection. A third of respondents have serious illness cover. 31% have mortgage protection and 24% have income protection.
You can’t predict what life has in store, and when it comes to things like premature death or serious illness, you usually think ‘it will never happen to me’.
But if someone depends on you financially, it’s a topic you can’t avoid. There are many benefits to life protection. For example, in the event of serious illness or death, life insurance can:
- Help pay the bills and meet ongoing living expenses.
- Pay off outstanding debt, including credit cards and the mortgage.
- Finance future needs, like your children’s education.
The good news is that life cover is not expensive and the younger and healthier you are, the more affordable the monthly cost of your life insurance. Premiums start from as little as €10 per month.
Our handy Life Cover Calculator will help you to figure out how much cover you or your dependents will need should you die or become seriously ill. Choosing the right life insurance cover for you and those closest to you is important and will provide many great benefits.
*Source: Zurich Financial Advisors Research Study, July 2020