Life Insurance Advice

Life insurance is a type of financial cover that is taken out from an insurance provider. Providing that you maintain your monthly payments and can meet the terms and conditions that were agreed to when the policy was taken out, a lump sum is paid out to your estate in the event of your death.

There are lots of different options that could be appropriate for you and our protection advisors will make sure that any plans they suggest are the most suitable for you. We also cover over 50s life insurance and over 60s life insurance.

As an open & honest insurance and mortgage broker, we firmly feel like life insurance should be taken out at the same point as a significant change in your life, such as when you take out a mortgage, when a child is born or when you have gotten married.

You can never truly predict what is going to happen in the future and in the event of you passing away, the last thing you want your family or loved ones to be left with, is sudden financial hardship that is caused by your existing financial commitments.

At the end of the day, much of that debt will still be owed to the creditors, legally. Life insurance makes sure that no matter what happens, your family are protected from these circumstances.

The amount of coverage you are able to receive and the premiums you will end up paying, are entirely dependant on your personal circumstances and the policy you agree to, as all of the policies will be different. As a typical rule, you would be paying a premium to your insurance providers.

As qualified and experienced protection specialists, we often find that the younger and healthier you are, the cheaper your quote could end up being. Your Life Insurance quote will consider a variety of factors, such as your lifestyle, age, and medical history.

In the event that a claim were to be made, the coverage can either pay the entire amount insured in one big lump sum payment, or through regular payments to your family, depending on what you agree to when your policy is being decided.

The handy thing about taking out any type of life insurance is that you are able to decide on what that payout is used for. You decide on specific details yourself, such as if you want your payout to cover mortgage debts specifically.

Remember, life insurance is a type of policy that exists to provide financial support for family members, replacing any of their lost income or pay off any of your outstanding debts, so that your family doesn’t have to.

As a mortgage and protection broker, we can help with a variety of insurance options:

• Critical Illness Cover – Critical Illness Cover pays out a lump sum if you’re diagnosed with a serious illness covered by the policy. This can help cover medical expenses, lifestyle changes, and other costs associated with your illness.
• Income Protection Insurance – Income Protection Insurance provides a regular income if you’re unable to work due to illness or injury. It typically pays out a percentage of your salary until you’re able to return to work or reach retirement age.
• Family Income Benefit Insurance – Family Income Benefit Insurance provides your loved ones with a regular, tax-free income if you pass away during the policy term. Unlike traditional life insurance that pays out a lump sum, this type of insurance offers ongoing financial support over a set period. This can help cover day-to-day living expenses, such as household bills, education costs, and general living expenses, ensuring your family maintains their standard of living during a difficult time.