Life Assurance

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

What is it?

A Term life insurance plan is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you die during the policy term.

With some term insurance policies you can add additional options, for instance critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.


Who is it for?

This type of plan is designed for those who want to leave a lump sum in the event of their death within a specified time period whilst keeping the cost to a minimum. Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away. As Independent Financial Advisors we can help you find the plan that best meets your requirements.


Lump sum or monthly benefit?

Unless your specific requirement is for a lump sum, i.e. to repay your mortgage or other debt, you may want to consider 'Family Income Benefit'.  This can be a more cost effective way of protecting your family and will mean they receive a monthly income for a guaranteed number of years if the unforseen were to happen.  This can also be with or without the added benefit of critical illness cover.


Please contact us to discuss this further.

These plans have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.

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The guidance provided within the website is subject to UK regulatory regime and therefore primarily targeted at consumers based in the UK.