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

Life insurance policy

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.
Among the reasons to take out life insurance are:

  • Ensuring that your mortgage is repaid in the event of your death.
  • Replacing your salary ensuring that your family don’t fall upon hard times in the event of your death.
  • Replacing childcare – the death of the primary childcare provider could lead to the need for childcare expenses.
  • Education expenses cover for school/university fees in the event of your death.

Whether it’s about leaving your debts behind or ensuring your family can maintain the standard of living to which they were accustomed, it’s clear there are plenty of reasons to look for the best life insurance policy for your personal circumstances. Getting the best quote is an important part of finding right policy.

Some of the main types of life insurance that we can arrange include:

  • 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.

This is not an exhaustive list and you should contact us for a personalised quote.

You can combine a life insurance policy with other benefits, such as income protection or critical illness cover.

This can be more cost effective than taking out separate policies.

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