Life Insurance
Protect your family with Life Insurance Cover
- Clears mortgage and debt
- Provides for your family
- Ensures there’s no financial burden for your family
Life cover doesn’t benefit you but makes a difference to loved ones. Life cover can clear mortgage, debts or help to support raise your children.
How does life insurance work?
- A Life Insurance policy provides an agreed sum of money in the event of the insured persons death
- It ensures that mortgages and other debts can be repaid, and families and lifestyles are protected
- It ensures that mortgages and other debts can be repaid, and families and lifestyles are protected
- The pay out can be in the form of a lump sum, a regular income, or both, to suit your needs.
- The lump sum benefit can be level, decreasing or Index-Linked
- Life Insurance can be Term Assurance (written over a specific amount of years, ie mortgage, children’s dependency, etc.) or Whole of Life,(good to cover funeral expense or potential Inheritance Tax bil)
- Life Insurance normally includes a free benefit called Terminal Illness Benefit (not Critical Illness.) Terminal Illness Benefit means the policy pays out early if the insured person is given less than 12 months to live
What is covered by Life insurance?
- Death by any cause (other than suicide in the first 12 months of a plan, typically)
- Terminal Illness. Where the policy holder is given less than 12 months to live within the term of the plan, the insurance pays out at that point, but generally excludes the last 18 month for the earlier ‘terminal illness’ pay out
What is life insurance?
Life insurance is a policy that provides a lump sum or monthly income pay out upon death or earlier in the event of terminal illness. It can be taken out to cover the whole of your life, or over a specific term.
Is life insurance expensive?
Life insurance starts from as low as £5 per month but this can be tailored to suit your needs and budget
Do I get my money back on a Term Assurance Plan if I don’t pass away?
No. Term Assurance is designed to protect your family upon your death only.