As October shine’s a light on breast cancer awareness, it’s a good time to also think about life insurance.
October is Breast Cancer Awareness Month so it’s only natural that this dread disease will be top of mind. Sadly, while medicine is advancing in the battle, just about everyone knows someone who’s been affected by breast cancer. Fortunately, it’s good to know there are financial tools that can help you create a financial safety net and one of them is a life insurance policy that includes terminal illness cover.
A 4-in-1 Policy For Peace Of Mind
When you take out a 4-in-1 life insurance policy with MiWayLife you don’t just get comprehensive life cover. You also get funeral cover for yourself; funeral cover for your family members and an accelerated terminal illness benefit. This means that, if the main life is diagnosed with a terminal illness and is likely to die within a year, they may immediately claim 50% or 100% of the life cover amount. In the context of breast cancer, this means that if your diagnosis reaches an advanced stage and becomes terminal, you can receive a portion of your life insurance benefit while you are still alive.
How Terminal Illness Cover Can Provide Peace Of Mind
Cancer, be it breast cancer or any other kind, is costly. Specialist appointments, surgeries, chemotherapy, radiation therapy, and medication are just a few of the potential expenses anyone battling it would have to face. However, a life insurance policy with terminal illness cover provides a lump-sum payout that can be used to cover these expenses, alleviating the financial burden on you and your family during this challenging time. You can also use the payout to help you maintain your quality of life and afford potential must-haves like childcare. Also, if you have any outstanding debts, the payout can be used to settle them so you don’t have to worry about these being a financial burden to your family in the future.
Having The Right Policy Can Protect Your Family
The possibility of facing breast cancer – or any other kind of dread disease that could become terminal – isn’t what we like to think about. But we should be thinking about what we can do to create a financial safety net for our family. This way, should you have to use a terminal illness benefit, you’d be able to focus on what’s important to you – like your loved ones – rather than the financial implications of your diagnosis. So, while October shines a spotlight on breast cancer, consider a life insurance policy to help secure your family’s financial future. We never know what life will have in store for us, but we can plan ahead to ensure more peace of mind.
Did you know:
You can now take out life cover with us online in a few simple steps. No calls and no agents! Make sure to take care of those you love today by buying MiWayLife cover online.
