Life insurance.
A lump sum for the people who depend on you if you die during the policy term. We help you work out how much cover you need and which type suits you.
What is life insurance?
Life insurance is a policy designed to pay out a lump sum if the policyholder dies. It is usually put in place to protect your family's future and give you peace of mind that they would be looked after if the worst happened.
There are different types of policy and benefit. Level cover stays the same throughout. Decreasing cover reduces over time, typically in line with a repayment mortgage. Many policies include terminal illness cover.
The choice can be confusing, and that puts people off. We see life insurance as the foundation of most people's protection.
Who is it for?
If anyone depends on you financially, life insurance deserves serious thought. It is also for anyone who wants to leave a lump sum behind.
Most often it is used to pay off a mortgage. It can also replace lost income or leave an inheritance for children.
How we help.
Working out what type of policy you need is not straightforward. Buying on price alone from a comparison site can leave you with cover that does not do what you need.
We carry out a full review of your circumstances, including any existing policies. We look at the type of policy, your budget, how much you want to leave behind and your medical history.
Then we search our panel of insurers for a policy that meets your needs within your budget and make a recommendation. We take care of the rest, from the application to the underwriting and any medical reports.
What happens next.
Book a free call
We talk about who and what you want to protect, your budget and any cover you already have.
A full review
We look at your circumstances, your health and lifestyle, and any existing policies.
Our recommendation
We search our panel of insurers and explain the cover we recommend and what it does and does not include.
We handle the rest
The application, the underwriting and any medical reports. We keep you updated until cover is in place.
Policies have terms, conditions and exclusions. We will explain what is and is not covered before you go ahead. If you stop paying premiums, your cover will usually end.
Common questions about protection.
Do I need life insurance to get a mortgage?
No. Lenders do not make life insurance compulsory. It is worth thinking about if anyone depends on you financially and you would want the mortgage paid off if you were no longer around.
How much will life or critical illness cover cost?
There is no set price. It depends on you and the cover you choose. Insurers take into account things like your age, medical history, height and weight, and whether you smoke.
Do protection policies actually pay out?
Like any insurance, a policy will not pay out if important information was not disclosed on the application, or in cases of fraud. Otherwise, if the claim is for something covered by the policy terms, it should be paid.
That is why we take care over the application with you, so that what the insurer knows is complete and accurate.
Have a no obligation chat with us.
So that we can identify your options and the best next steps, book a free call. We will learn about you and your circumstances and put together a plan.