Three questions to ask before arranging insurance
Which policy to buy is never the first step. Get responsibilities, cash flow and time horizon clear, and the plan follows naturally.
The most common detour in arranging insurance is to look at products first and find reasons later. A steadier order is the reverse — ask three questions first. First, who depends on this income? If the family's cash flow rests on one or two people, cover should reach as far as that responsibility.
Second, how much swing can the cash flow take? Illness, accidents and market shifts all hit a family's plans, so be clear which expenses must be met no matter what. Third, how many years ahead is this arrangement for? Education, retirement and succession have different horizons and call for different tools.
Answer these three clearly before discussing cover, currency and structure, and you're less likely to be led astray by a single product. This article is about configuration logic only, with no specific product or return information.