Life insurance is a choice for some, a need for others and at times a luxury that no longer makes financial sense.
It is important to asses just how much a need it is and what level is sufficient to ensure your financial objectives are met.
Of course, if insurers offered free cover, few would say they didn't want the financial protection provided - but in reality, it all comes at a cost. And cost considerations are very important in light of all the competing priorities you have for your own money. At TRUSTMOST, our philosophy is to treat any insurance cover as a way of reducing risk; and to approach the management of that risk as sensibly as possible. Whether life insurance is a luxury or a non-negotiable, think about what you truly need and try to neither over-do-it or under-do-it.
Life Insurance can be a luxury; yet for others, remains a necessity