We live in a world where women are redefining their roles, both at work and at home. Today, from being the sole breadwinner, to earning more than their spouses or even working as full-time homemakers, women’s roles are varied. It is important for women to focus on developing their financial independence whatever they do. However, there is a crucial aspect that is often overlooked, and this is life insurance. A large part of financial responsibility includes thinking about the welfare of your family and anyone financially dependent on you, should the unthinkable happen, read on to find out more. Here are a few situations where a life cover is vital
If you are a stay-at-home mum, there is a very high financial value attributable to the diverse range of work you do, that often goes unrecognized. If you are a single professional with no children, you need to think about whether you have dependents such as elderly parents or siblings, who are financially dependent on you. Additionally, you should consider whether you have any debts that would need to be repaid in the event of your death or serious illness.
If you are a breadwinner supporting your spouse in the running of your home or perhaps a widow, the loss of your income (due to death or serious illness) could make it difficult to meet your family’s everyday expenses, and potentially have a long-term impact on the future of your children. In any of these scenarios, if the worst should happen to you, a life insurance policy would provide financial support to your family during a very difficult time.
There are ways to minimize the risk and impact of serious illnesses
Know your family history: If your immediate relatives have suffered from cancer or other serious illnesses, especially at a young age, there is a greater likelihood that you have an inherited gene that could cause a serious illness, which means you should be screened regularly.
Recognize symptoms and signs: Any change in your body, from new lumps or moles in the skin to discomfort or pain, can be an early indication of cancer. Consult a doctor early.
Examinations: in addition to general awareness, you should perform a breast self exam each month and have clinical breast exams at an annual visit to your healthcare professional.
Arranging insurance coverage: Health and critical illness cover will ensure that, if you are diagnosed with a serious health condition, you will have additional resources in place to pay for care without incurring potentially crippling financial burdens.
THE MOST COMMON CANCERS IN UAE RESIDENT FEMALES - 2017
Thyroid - 234 cases Breast - 762 cases Colorectal - 148 cases Uterus - 106 cases Leukemia - 68 cases
You may wish to protect your own life, cover a mortgage on your home, your savings and even your business. Plans are available for individuals and couples on a life, life or earlier critical illness or standalone critical illness basis. It covers a range of more than 36 serious illnesses and it may cost a lot less than you think.
Whether you are a working professional, a stay-at-home mum or a young woman building a life with your husband.
01 Look at your current income and outgoings, your financial commitments and any assets you need to protect.
02 Consider what you value about your current lifestyle, and the lives of your loved ones and dependents. Think about how they may be affected if you become critically ill or if you were to die.
03 Speak with your financial adviser on +971 555 490514 to find out more about how we could give you peace of mind as you plan your future.