by Mark Williams, Life Consultant, FUW Insurance Services Ltd
We are living in unprecedented times! Usually we have people or institutions to draw upon for their experiences and lessons learned, but this time there are none.
There are different levels of emotions that we are individually going through, depending on where we live and what we do for a living. We think about how people are coping whether they have themselves been infected or have had family members or friends that have contracted the virus. It’s difficult to imagine.
The last few weeks have been a lot to cope with, for all of us. Our world has been turned upside down and even as we hope for improvement will the future reflect the past? These are some of the emotional issues that we have and continue to face as well as financial things that should not be ignored.
Many people are struggling with finances at this time, companies and businesses have been shut down overnight. The extent of this and of any subsequent recovery will only be revealed in the fullness of time. There are also the financial implications of people being infected by the virus, being sick, and being unable to work. These are all real and genuine concerns and finally, there are, as the news reports have highlighted day after day, those who have died as a result of the virus.
The past few months have made us all more aware of our mortality. No one wants to think of themselves becoming ill or dying, it’s human nature to think of ourselves as invincible. At the very least I expect to live into my late eighties and with good health to match. However, hope needs to be tempered by reality and Covid-19 has, if nothing else, made us all reconsider our assumptions.
Bad things happen and we can’t stop that. However, we can and should take steps to take care of ourselves and our loved ones, financially, if we were to become ill or die.
There are products that can replace our income if we were unable to work due to illness. There are options which can be considered to secure the financial position of our families if we were to die, whether through the provision of a future income or a lump sum payment.
I ask myself the question, and I think you should too, “If something was to happen to me today, how would my family cope financially tomorrow?” At a time like this it might be worth your while to talk to FUW Insurance Services Ltd, we can provide independent advice on options that are suitable for you and your family so that even if the worst was to happen, you and your dependents would be secured financially.