The experts in quoting for all your life insurance and protection needs
A life insurance policy means that in the event of your death, you can ensure that your loved ones are protected financially, depending on the type of policy you choose, you could receive a lump sum pay out to clear a mortgage or a series of instalments to cover the financial commitments.
There are several different kinds of policies available in the UK market. In general however, most policies can either be defined as term policies or whole life policies.
Life Cover is a simple, affordable way to help make sure your family’s life can go on in the event that you’re not around, with premiums from as little as £5 per month, protect your family now.
Would your family struggle to cope financially without your income? Can you afford having no Life Cover? And for them to have no financial protection? Don’t delay act now and get protected.
There are two types of Life Insurance
Term Assurance – This type of policy means that you are insured for a specific period - 'the term' which is defined by you when taking out a policy. This means if you were to die in the term of the policy the policy will pay out the sum assured. Although this may vary with some insurers, be sure to carefully understand the full terms and conditions before taking out a policy.
Whole of Life – This policy means you are insured for the whole of life and the insurer, will pay out a cash lump sum when you die providing you have maintained your monthly premiums. be sure to carefully understand the full terms and conditions before taking out a policy.
You can customise your life cover to suit your individual needs.
The amount of life cover (sum assured) you may require, will be dependent on your personal circumstances, including level of cover you wish to insure and your affordability to keep up and maintain payments.
Critical illness is an additional level of cover that you can have in addition to life cover.
You can add critical illness to your policy, so that in the event you were to be diagnosed with an illness which is covered under the policy you can receive a payment of your specified benefit amount after completing the claims process.
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