People are living longer than ever before.
Incredible global advances have been made, and continue to be made, in every area which contributes towards improved human life expectancy – from sanitation and education to greater levels of disposable income and huge advancements in the delivery of medical treatment.
The global population increased by 23% between 2000 and 2017, yet the number of global deaths increased by only 11% during the same period.
Longer lives do not necessarily equal healthier lives.
Globally, fewer people are smoking (in almost all countries) and alcohol consumption is reducing too. These two examples are representative of a measurable shift, especially in Millennial and Gen Z generations, which show an increasing number of people not just seeking to live longer lives but aspiring to live healthier lives too. If successful, these generations could avoid the “longevity trap” – living longer, but living with multiple diseases for longer.
A recent study found that 85-year-old men are, on average, living with up to four diseases, while women of the same age are living with an average of five.
The importance of insuring a family’s breadwinner
No-one wants to be so ill that a death or critical illness claim may become necessary, but no beneficiary is likely to regret having the cover after a claim has been settled.
The financial consequences of the death, illness or injury of a family’s breadwinner could be devastating – far greater than insuring against these risks.
Don’t wait until it is too late.
Across all the generations, 16% of consumers are unaware of how much life insurance their partner or spouse actually has. Yet, 1 in 3 families admit a financial disaster would be more than likely, if not absolute, within a single month, should the household’s breadwinner suddenly pass.
For product information or to discuss your family's insurance needs, contact me. I will be happy to help with whatever questions you may have.
Rob.
E: robert.gourlay@holbornassets.com T: (+6) 01151565649 W: www.rgwealthsolutions.com
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