Life Insurance

Life Insurance, also known as life assurance, is a policy that pays out a sum of money upon death of the policyholder or insured person.

You don’t have to have a mortgage to take out a life insurance policy, however if you are applying for a mortgage we strongly recommend that you consider some form of cover.

Why?

  • So that your mortgage is repaid in the event of your death.
  • So that your family does not fall upon hard times in the event of your death.
  • So that childcare expenses are covered in the event of your death.
  • To enable the continued payment of your children’s school/university fees in the event of your death.

The priorities of most people include: –

  • Avoiding burdening others with your debt
  • Ensuring that your family can maintain the standard of living to which they are accustomed

We provide: –

  • Level term insurance – designed to pay out a sum of money if the policyholder dies during the policy’s term. The sum assured is guaranteed and remains unchanged throughout the term.
  • Decreasing term insurance – where the sum decreases during the policy. It is regularly used to protect capital and interest repayments on a mortgage.
  • Increasing term insurance – due to inflation the value of money declines each year. This form of insurance combats that by increasing the level of cover over the term of the policy.
  • Family income benefit – a term life insurance product that, as the name suggests, is designed to provide an income to dependants in the event of a claim, rather than a cash lump sum.

Contact us for the full range of insurance options and to discuss your insurance priorities.

The products detailed above are not investments and have no cash-in value at any time.