Term Assurance - Avoid burgers and beer
Term assurance life insurance is a type of life insurance that covers a fixed length of time. It’s often the most affordable as term assurance for ten years of your life will be cheaper than whole life cover. And it is a good idea to take out term assurance if for example you have a young family and you want to ensure their financial well being in the unfortunate event that you should die young.
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Term Assurance – Your child’s future
Term assurance means on the event of your death within that fixed time period, your beneficiary will receive a cash lump sum – which could help your family if they were likely to struggle without your income. Alternatively the sum could help pay off a mortgage or pay for your children’s education. Of course, no one likes to think about the prospect of their own death, but you should always be prepared. And according to news reports, it’s not just if you smoke that could put you at an increased risk of an early demise.
Meat and Booze impact on Term Assurance
Term assurance life insurance could be a necessity for many of us – especially considering recent news reports saying that red meat increases the risk of cancer. Consumers have already been warned about the risk of ham and bacon, but now all red meat is a major cancer cause. According to reports, millions of us are at risk of getting cancer unless we slash our red meat and alcohol levels. The landmark study has linked obesity, diet and exercise to cancer risks.
“People must be leaner, take more exercise, eat more whole foods, virtually cut out alcohol, consume less red meat and eat no bacon or ham at all,” The Times newspaper reported.
Term Assurance – Diet and Exercise
Previously, damaging your health by smoking or excess boozing were considered to impact on term assurance life insurance premiums, but now it looks like eating a bacon butty could be an unforeseen risk. Red meat and red wine in moderation were once considered reasonably healthy lifestyle factors but are now seemingly putting us at risk. However, no matter how healthy you are, no matter how slim or even if you’re a teetotal vegan, it’s always advised to take out term assurance life insurance if you have a young family or dependants. As one reader said in response to the news reports on booze and red meat:
“No, I would not change my lifestyle, for I have a terminal illness. There is no cure for this illness and there is unlikely to be one. The doctors are unable to tell me how long I have left - it could be a week, it could be a month, it could be a decade. So, to compensate, I enjoy whatever life I have left and try to live it to the full everyday. The illness does, however have a simple name to remember. It is called 'life'.”Jump Money Limited is a specialist in life insurance and is happy to answer any questions you may have related to life insurance, life assurance, term insurance and life cover. The company will strive to fit an insurance package to the exact criteria you need in order to help you avoid buying products you do not need as well as helping you fully understand your purchase. To find out more about how Jump Money Limited can help you protect yourself and your belongings call now on 0845 851 6262 or fill in an online quote form today.
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