Life Insurance
Life Insurance allows you to leave behind money for your family when you die, which can be used to support them, to replace lost income or to pay off debts such as your mortgage. Because the policy relates to your health, when you apply for a Life Insurance policy, you’ll have to answer some questions about your health and lifestyle, honestly and accurately, with factors such as your age, how much cover you need, as well as the type of policy you have, all determining how much you need to pay for cover.
The cost of this life cover does not have to be large with appropriate advice and guidance from a financial adviser.
We are not life insurance salespeople. There is no compulsion from any lender requiring you to have life cover. What we will do is help you evaluate the best cover for you and find you the right offer.
FAQ
The most straight forward type of life insurance pays out a chosen amount of money if the person insured dies. Cover is often taken out to provide for loved ones or to pay off a mortgage in the event of death.
Our most common question by far. The answer is that it depends entirely on your circumstances. A couple purchasing their first property together on a tight budget might want a policy just to pay off the mortgage if one of them were to die. Another couple with a larger mortgage and perhaps two children may want to provide cover to pay off the mortgage, cover the costs involved in raising children and provide for their surviving spouse/partner.
Yes absolutely. You can still take out life insurance without any restrictions even if you’re not at work. If you were applying for a particularly large amount of cover an insurer might ask the reason behind the level of cover. This applies whether you’re working or not.