Life Insurance
Insurance is reassurance
Reassurance for Life.
That’s what life insurance is, you have the reassurance that when your time comes, you’ve looked after your loved ones that you’ve left behind. That’s reassurance for life.
What’s life insurance?
Life insurance lets you leave a financial safety net for your loved ones when you pass away. Your family would usually get a lump sum which can be used however they want, such as to pay off any debts, as well as giving them money to live off.
If you prefer, you can arrange to provide a regular income for them instead, so they don’t get the whole claim in one lump sum.
According to the association of British insurers, 98% of life insurance claims were paid out in 2020, which equated to £17million paid every single day!
We only deal with 5-STAR Defaqto rated insurers!
Do I need it?
Life insurance isn’t a legal requirement, but if you have anyone that depends on you financially, like a partner or children, life insurance could provide an important safety net if you passed away unexpectedly, as well as peace of mind.
If you want a mortgage then please see the below information.
If you’re looking to take out a mortgage, be aware that some mortgage providers might want you to have life insurance so they know the mortgage can be repaid if you do pass away.
How does it work?
Life insurance policies typically pay out a lump sum when you pass away, or if you’re diagnosed with a terminal illness and are not expected to live longer than 12 months.
Everyone’s circumstances are different, but some things to consider include:
1. What your family needs
How much do you want to leave behind to make sure your family is protected?
2. Policy Length
How long do you want the policy for? Consider the age of your children and when you or your partner may retire.
3. Joint or single life policy
A joint policy may be cheaper than two separate policies, but only pays out on the first person passing away. Should both policy holders pass away simultaneously, only one payment is made for one policy holder, so in this instance two separate policies are likely to pay out substantially more.
What affects the cost of a policy?
The following can affect how much your policy will cost:
- Type of policy
- Your Age
- Your Occupation
- Your Medical History
- Your Lifestyle
- Your Level of Cover
How much cover do I need?
When working out the amount of cover you'll both need and want, it's important to consider the level of financial support your dependants would need if you weren't able to provide an income as a result of being made redundant.
Your adviser will help you decide the level of cover you should take out based on your individual circumstances.
Types of Life Insurance
There's two types of life insurance cover to choose from:
1. Decreasing term insurance
Decreasing term insurance is usually used to cover debts that decrease over time, this means the amount paid out by the policy reduces with time. If you were to die near the start of the policy, it would pay out more than near the end.
2. Level term insurance
Level term insurance is simple. You decide the amount of cover and duration of the policy. If you die within the terms of the policy, it pays out as a fixed sum. The amount paid out remains the same regardless of when a claim is made.
Why choose us?
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100% Independant - Get Covered FAST
- We'll Find the Best Deal
- Insuring Families Across the UK
We'll find the deals to suit YOU, not us!
When should I take out life insurance?
Life insurance is there to provide a safety net for anyone who depends on you when you pass away. There might be some life changing moment when your circumstances change, so these are good times to think about getting covered.
Am I eligible?
Providers may have age limits on their policies, and some conditions may also be excluded from cover based on your medical history.
Don’t worry! Your adviser will let you know if you’re eligible and the policy conditions before you apply.
You’ll also need to be a UK resident to take out life insurance.
We'll find the deals to suit YOU, not us!
How do I apply?
See how to apply, there's only 3 easy steps!
Book Online, or In Person Meeting
Book an Appointment
We offer online, phone or in-person appointments. Book an online appointment, email us or call us and let's start the process together.
Meet your friendly advisor
We start searching...
After learning a bit about you, our advisors will begin searching the ENTIRE market to find you the best deal
Receive a TLC service
Discuss your options
Once we've found a few options for you, we'll contact you and if you're happy we can start the full application. Your advisor will explain everything to you.
