Should I Get Life Insurance if I Have Substantial Savings?

The role of life insurance is to transfer the financial risk of a death event, often termed as “premature death” or “dying too early,” to an insurance company. Without life insurance, this financial burden could be too heavy for a family to bear. What are these financial risks? They typically include: Providing a continuous income […]

Should You Get a Term Life Plan or Whole Life Plan?

When embarking on insurance planning, you will encounter terms like whole life coverage or term insurance and may be unsure which plan best suits your needs. Whole life plans are often marketed aggressively, with insurance advisers emphasising the necessity of permanent life coverage. However, at Havend, we strongly advocate term insurance in most cases, and […]