Life Insurance

Life Insurance

Our panel of carefully selected Specialist Insurance providers will offer the best options for you when looking for Life Insurance.

What is Life Insurance?

Life Insurance is put in place if you pass away giving peace of mind, knowing your family will be provided for after you have gone.

The cover may well be needed for:

• Outstanding debts, including a mortgage
• Household bills
• Everyday living costs
• Childcare

If the cover is for a specified period, there are two main types:

• Level term assurance - The policy will pay a lump sum in the event of death during a pre-agreed term
• Decreasing term assurance - Usually used alongside a reducing debt, like a mortgage. The lump sum reduces in line with the debt during the term. These policies are usually cheaper than level term assurance

Key points of the policy:

• Payout on death - In the event of death the payment can be a single lump sum payment or a regular income depending on the type of policy you have
• Terminal illness cover - Some plans allow you to receive your payment early if you're diagnosed with a terminal illness that meets the insurer’s definition and you're not expected to live longer than a specified time period. Once payment is made your policy will end and no further claims can usually be paid
• Option to include critical illness cover  -  A lot of insurers allow you to include critical illness in addition to the life insurance

Find out how our panel of insurance specialists can advise and help find the right cover for you.