Discussing Life Insurance with your Loved Ones

Talking about death with your partner or kids is not easy. However, it’s a necessary conversation to have with your loved ones to prepare them for the worst and put plans in place to safeguard their future. When discussing serious topics of death, loans, financial security and life insurance with your family it’s best to be straightforward. Now that the pandemic has shown the world the inevitable can happen anytime and life is so unpredictable, it is a lot easier to confront and explain the relevance of owning life insurance. 

 Life insurance is an expression of love and concern beyond words. It shows your loved ones that your truly care and want their future to be secured even after your passing away. Initiating a conversation on this topic is often difficult to start with and hence we have listed down a few tips to ease the discussion on taking life insurance in an uncertain world. 

Do your homework 

Before you get your spouse or children in a candid conversation, its best that you familiarize yourself with the types of life insurance and the myriad of benefits it offers after death. Conduct research online and talk to a life insurance agent who can clarify the different types of insurance plans, the extent of coverage, terms and conditions.  

 Assess your finances and liabilities 

Before you initiate the topic, make sure you have assessed your financial situation well. List down your assets and liabilities to give your family an overview of their sources of income and expenses they will be left with. Any loans or debts that need to be paid must be candidly spoken about so that it doesn’t come as a sudden shock after your tragic demise. 

Get a good time to talk  

Before you talk through the life insurance topic, make sure your loved ones are in the right mindset and there are no disturbances around.  Home is the best place to keep the discussion private and carry on the serious conversation in a familiar setting. Make sure all mobile phones are on silent to avoid any interruptions during that time. 

Have a candid conversation 

Once the ideal setting is created, explain every benefit of owning a life insurance in a way they understand, so that they not only know its importance but also your kind intentions of giving them a good life in your absence. Create hypothetical situations to ensure that your family understands the value of a life insurance. Such as if there was a sudden death, how not having a insurance would put the family in a financial debt.  

Address their concerns and doubts  

Explain the terms and conditions of the insurance, allow your family members to clarify any doubts they have. Listen patiently to their apprehensions without judgment.  Clarify their queries by reiterating that you are preparing for their future. Aand want them to go through no emotional or financial turmoil after your death. Come what may, as a well-wisher you always intend the safety and security of your family. 

Insure your family’s future against uncertainties today 

Now that you have bravely opened up on the need for life insurance plan for your family. Take their feedback into consideration as your search through the best insurance options offered by leading insurance companies. If you need help finding the right insurance plan and coverage terms, our licensed life insurance brokers in UAE, who are experts in the insurance market can help you.