Consider protecting your life as a New Year’s Resolution

With the New Year fast approaching many of us are eager to leave 2020 as a mere memory. Let’s face it, the last 12 months have been tough, all things considered. With the start of 2021 people all over the world are hoping for a better year next year – with a Covid-19 vaccine currently being distributed worldwide, and the social unrest which has plagued Hong Kong (for the most part) starting to calm down, there are signs that the New Year will, indeed, be better than the last.

This is traditionally the time of year when families get together and celebrate the season with each other. While the Covid-19 Coronavirus, and its mutant variants, have disrupted the traditional celebrations of the winter season, the fact that we use this time of year to look forward has not. As such, Christmas and the New Year are typically the time when most people take stock of their lives and the risks that they are going to face in the coming 12 months.

Arguably, 2020 has made the case that we – as a society – need more risk management. Life was upended this year. From furloughs, to layoffs, and even the possibility of death via Covid-19 infection, 2020 really threw the kitchen sink at us, and many people were unprepared. Worse yet, their families and loved ones were unprepared.

This year, as you think about the best ways to protect yourself and your loved ones in the coming 12 months, why not start with your life insurance?

Life Insurance gives you the security you need

Life insurance is the best way to give your family the security and assurance that they will be taken care of should anything happen to you. That’s it, very simply put. There are more complicated products that involve savings and investments (please note that CCW Global does not offer any investment-linked life insurance products) but at the end of the day, all Hong Kong Life Insurance products generally do the same thing.

If you die while the policy is active, your named beneficiary will receive a monetary claim.

That money can be used for anything that your beneficiary would like – whether that is for mortgage payments, school fees, or even basic groceries. Life Insurance is designed to give your survivors (and even you under certain policies) the financial assistance needed to overcome severe loss or hardship. In most cases this is the death of the policyholder. However, it is possible to receive a rider on a life insurance policy which provides coverage against related but non-fatal risks.

Life Insurance Protection Riders

Standard life insurance plans will only provide a financial settlement to your beneficiaries upon your death. This means that opting for a Hong Kong life insurance policy which includes a supplemental coverage rider may be in the best interests of you and your loved ones.

Income Protection Benefits

Available as a standalone product or as a rider on specific life insurance plans, income protection insurance ensures that you will continue to receive a monthly income if you are sick or injured and unable to work.

With the ongoing global Covid-19 pandemic and the uncertainty that we face in relation to both this disease, and the possibility of future pandemics on this scale, protecting your income in the face of destabilizing risks is a smart move.

Income protection benefits will ensure that whether you are critically ill, or if you are permanently disabled, that you have the support you need in order to continue living.

Medical Cost Assistance

Not only do life insurance plans offer the ability to extend your coverage with additional protection benefits, but these benefits are able to assist you with the challenges you currently face. With products like insurance you also get the support you need when dealing with costly long-term medical bills.

While we’re all sick of hearing about Covid-19 by now, the fact is that in some people this disease can cause long lasting and extremely debilitating symptoms, if it doesn’t outright kill you. Dealing with the long-term effects of Covid, survivors are going to be under incredible financial stress. Life insurance products with appropriate benefit riders can help alleviate this stress and get you back to living your life.

Giving your Family the best protection and security in 2021

Life insurance is not about you. Yes, you may be the person purchasing the policy and paying for it, but because of the nature of this type of insurance the coverage is not for you personally – it is for your survivors.

With the uncertainty and disruption caused by the last 12 months, who knows what the next year will bring? From losing your job to becoming seriously sick, there are a lot of risks in the modern globalized world – risks which you cannot escape by moving to a new country or getting a new job. That’s why CCW Global thinks life insurance is the best possible solution to securing the future of your family in 2021.

No matter what happens to you, or what life may throw at you in the new year, a comprehensive life insurance plan ensures that your family has the support and assistance they need to live should the worst happen. Start 2021 with the positivity and security in knowing that you have taken care of your loved ones.

Contact Us for a risk-free, obligation-free Hong Kong Life Insurance Quote today.