Developing a comprehensive insurance program that will provide you and your family with a variety of benefit options is an important consideration for anyone. While single adults may not have the same need for life insurance coverage as those with a spouse or family, they do need to be able to protect themselves in the event of an accident or injury that keeps them from work. Finding life cover, funeral plan and income protection quotes from several companies will allow you to choose which option is the best for your needs.
To understand why income protection quotes, funeral and life cover are three important insurance policies to consider it is essential to understand just what each type of insurance is designed to cover. Life insurance provides a benefit to your surviving spouse, children or the beneficiary of your choice. For some single adults this beneficiary may be an aging parent or a close friend. The amount of the benefit can then be used to pay off any outstanding debt or to ensure care for the elderly parent. Life cover can also include additional types of benefits to provide you with security in the event of a serious illness such as stroke, malignant types of cancer, heart attack or other life threatening conditions.
In addition, life cover will also allow you to choose a joint or single plan to cover all the family or just one individual. Children's insurance provides specific benefits in the event of an illness, injury or in the tragic situation of the death of a child. As with life insurance, the benefits can be used for rehabilitation, medical needs or paying bills and expenses. Funeral coverage, which can also include your spouse or children, provides immediate smaller one time benefits to cover the costs of a death and funeral.
One way to ensure that you have enough funds to cover the cost of a funeral is to actually do some research to determine just what the funeral you choose would cost. Remember that prices do go up over time and the family can also use these funds to cover additional costs and expenses that will come up. Funeral plan cover is limited, but it really does provide a lot of necessary, accessible money at a time that is very emotional and stressful.
At the very least life cover, funeral and income defense quotes should be obtained from the companies you are considering. Income protection insurance allows you to collect a specific amount of insurance, up to 75% of your pre-tax and pre-accident or illness pay, over a pre-set amount of time. You can choose to receive benefits if you are injured or ill for up to five years or as little as six months if you cannot work. This is an important safety net for all adults, perhaps even more for a single adult that is entirely reliant on work for paying bills and covering expenses. Getting income security quotes with funeral and life cover quotes allows you to very accurately assess your insurance coverage needs and options.
Getting income protection quotes, as well as quotes for funeral plan cover and life cover can be done by mail, email, phone or even on many company websites. Be sure to carefully review the cover provided with each insurance company and compare only those policies that feature all the benefits and options you want in your insurance policy.
Denise Dawgston is a writer on many topics, including dealing with family lose. Making the right decision about your insurance starts with getting accurate life cover, funeral plan and income protection quotes.