Listen to a Business English Dialogue about Mortality risk
Bobby: Hey Audrey, have you ever considered mortality risk in financial planning?
Audrey: Yeah, I think it’s the risk of dying prematurely and the financial impact it could have on dependents.
Bobby: That’s right. It’s important to have measures in place, like life insurance, to protect against this risk.
Audrey: Do you think mortality risk is something people often overlook?
Bobby: Unfortunately, yes. Many people underestimate the financial consequences of unexpected death and may not adequately prepare for it.
Audrey: So, how do you assess mortality risk in financial planning?
Bobby: It involves evaluating factors like age, health, lifestyle, and financial responsibilities to determine the appropriate level of protection needed.
Audrey: Are there any specific financial products that help mitigate mortality risk?
Bobby: Life insurance is the most common, providing a lump sum payment to beneficiaries in the event of the insured’s death.
Audrey: Thanks for explaining that, Bobby. I’ll make sure to consider mortality risk in my financial planning.
Bobby: No problem, Audrey. It’s a crucial aspect of financial planning that shouldn’t be overlooked.