Life Insurance
Did you know?
- Over 1650 people die every day in Great Britain (National Statistics online)
- Every week 6200 people are killed or injured in road traffic accidents (office for national statistics)
- 1 in 4 men now aged 20 will not live to 65 (Swiss re 2001)
What is it?
Term Assurance is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you die during the policy term.
With some term insurance policies you can add on additional options, like critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.
Who is it for?
Those who want to leave a lump sum in the event of their death within a specified time period while keeping the cost to a minimum.
Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children.
It can be used to cover a mortgage or other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away.
Your independent financial advisor can find you the most suitable and cost effective way to protect your family.