The aim of life assurance cover is to provide money for people who financially depend on you. We need to consider the impact and consequences our death would have on the people most close to us.
If this applies to you, a review of your insurance requirements should be carried out, to ensure that you and your dependants' needs are properly catered for.
For details of our fees for Life Assurance business please see our page How we are Paid
For more information on Life Assurance, please contact us.
Level Term Assurance
You only get a payout within the 'term' of your policy. The payout you get is fixed from the start of the term until the end. Level term assurance then guarantees a known lump sum payout upon death within a fixed time.
Decreasing Term Assurance
Decreasing term assurance would usually be more suitable to protect a repayment mortgage.
Increasing Term Assurance
An increase in policy would ensure that the sum assured keeps in line with inflation.
Critical Illness Cover
Many illnesses can have a long recovery time. This type of cover is designed to pay out a (tax-free) lump sum in the event of you suffering from certain types of serious illness or if you have to undergo certain types of surgery.
Family Income Assurance
These policies are specifically designed to meet the needs of parents with (or planning) children. They provide an income payable from the date of death until a fixed time in the future (e.g. the youngest - newborn-child's 30th birthday).
Whole of Life Assurance
These are policies that provide life assurance for the whole of your life (as opposed to Term policies that last 5, 10, or perhaps 25 years then finish). Whole of Life insurance guarantees to pay out in the event of death, whenever it occurs.