Life Assurance

Life Assurance | Is Your Family Properly Protected?

The one thing we all have to face at sometime in our lives is the inevitable fact that we are going to die. As individuals we don't know when this event will take place so if we care about what happens to our loved ones we need to plan for this event to ensure that our demise is the only catastrophic event that they will have to deal with.

Life assurance

Life assurance can provide financial peace of mind in the event of the death of a loved one. At the mortgage broker we highly recommend that you take out a Life Assurance policy to cover either your existing or new mortgage and to protect your family by ensuring that your surviving partner can to pay off the outstanding mortgage and to continue their lifestyle without the added financial burden imposed in the event of your demise.

You can choose to either have a Term Plan, where the sum assured remains the same throughout the whole term of the policy, or a Decreasing Term Plan, where the sum assured reduces in line with the outstanding amount of your mortgage each month.

We can offer advice on comprehensive and competitive protection products from some of the Uk's top insurers: Legal & General, Zurich, Friends Life, and LV (income protection only). The plans aim to pay out a guaranteed sum of money if the Life Assured dies or is diagnosed with a terminal illness and is eligible to claim during the term of the plan.

Term Assurance automatically includes:

Terminal Illness Cover - the sum assured will be paid out if the Life Assured is diagnosed as suffering from a terminal illness and is eligible to claim (for example when life expectancy is less than 12 months).

Premiums are dependant on age/smoker/non-smoker/medical conditions.

You don't have to take out a mortgage with us to benefit from our highly competitive insurance deals. Our advisers will be happy to help you find the right life assurance deal to suit your individual requirements.