Sunday, May 8, 2016

3 Big Reasons You Need Life Insurance Before You Travel

If you’re about to embark on your long-term travels - whether it’s for work or pleasure - you may think you’re all set. You’ve ran down the checklist - valid passport, a phone sim, plenty of contact numbers, travel insurance - and are ready to go. However, there’s probably a consideration you hadn’t thought of until just now; life insurance.

This is especially vital if your travels will be extended. You may not feel like it’s important, and if you’re travelling, then you’re evidently caught up in the moment. You may be so focused on enjoying your trip that you completely forget to plan for the future.

But, this is a mistake, and you know it! If you’re about to embark on a lengthy period of travel - or even a permanent period of travel - then you have to make sure you’re covered. So, here are three big reasons why you should invest in life insurance before you jet off.

Should the worst happen


Let’s just get this one out of the way shall we? I hate to be that person, but this is absolutely a possibility. People the world over go on holiday, expecting to have the time of their lives, and an unfortunate accident results in their death.

The thing about going abroad is, you’re entering a wildly different culture and country to your own. You can’t prepare for every eventuality, or every situation. Accidents do happen, and the fact that you may feel out of place only amplifies this possibility.

Having that life insurance cushion shields any loved ones you may have at home. Of course, when you’re travelling you need travel insurance, but that only covers you and your international hijinks. Don’t forget your family! You can browse all kinds of insurance on a site like, and whatever you choose to do, make sure you stay safe!

To provide for your family back home


You could be travelling to escape from something. If that something is debts, then those costs could be transferred onto your loved ones if you pass away without having paid them. As we just discussed, holidaying can be dangerous, so you’ll have to cover these debts to the best of your ability. Websites like can offer advice on how to look after family when you’re not around, but life insurance is still a must.

If you have kids too, this is important. You have to provide them some form of income; life insurance doesn’t always have to be cashed when you die. You can use it after a fixed period. This way, you can continue to support your family and it’ll be like you never left!

For retirement planning


If you’re travelling, it’s unlikely you’ll be earning a massive wage with company benefits. Life insurance can negate the need for a state or a company pension, and in some cases, can offer you a greater sum than both. Retirement is inevitable!

It’s not like you’ll need to put away hundreds and hundreds a month, either. Life insurance is on the cheap side, and the returns can be high. As I just mentioned, you won’t be earning a killer wage from travelling, so you can only afford these lower amounts. Don’t forget the basics of a healthy financial state just because you’re soaking up sun!

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