Life assurance
What
is life assurance?
Life assurance is a way of ensuring that there is enough money to
protect the people interests that depend on you, if you die or you
are diagnosed as having a terminal illness.
Life assurance
can
be used for a range of purposes such as ensuring that in the event of
your death your dependants have enough to live on, your mortgage or loan
is paid off, or a business is protected.
Click
here for an instant quote
Who
do we take quotes from? Well,
amongst others....
Legal & General, Norwich Union,
Scottish Equitable, Scottish Widows, Standard Life, Sun Life, Swiss
Life, Friends Provident,
Types of
life assurance:
Payment Protection cover
- to protect the payments on term assurance, mortgage or business cover.
Critical Illness Cover
- to protect against being affected by a serious illness or injury.
Payment
Protection cover
This option ensures that should you become unable to work for a
prolonged period through illness or injury, the provider will make your
payments for you, until you return to work, life assurance reach age a previously
agreed age (usually 65) or the end of the plan, whichever is earlier.
This helps to safeguard your plan and your protection.
Level
Term Assurance Life Cover
- to provide for your dependants in the event of your death or diagnosis
with a terminal illness.
Business
Cover
- to protect your business interests in the event of your death or
diagnosis with a terminal illness.
Mortgage
Cover
- to pay off a mortgage or loan in the event of your death or diagnosis
with a terminal illness.
Who
needs life assurance?
It is a good idea to
look beyond the lenders own insurance policy, as this is often not the
cheapest available.
Anyone who has dependents, especially where the individual has a young
family. Life assurance is often a
requirement when taking out a mortgage.
Life assurance
products are designed to pay out a cash sum in the event of
your death or diagnosis with a terminal illness whilst the policy is
valid. The cash sum paid out is known as the sum assured, the amount you
pay each month is known as a premium and the time that the plan covers
is known as the term.
uk
life insurance
This
site contains general material and is not intended
to give financial or other professional advice.
If expert advice is required, please seek the services of a
qualified professional.
Life
Assurance, Private Medical
Insurance, Payment Protection Insurance & Mortgages
UK Life insurance
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