What is Life Insurance?
Life insurance is the most simple, popular and cost effective way of protecting your family or mortgage in the event of your death.
If you were to die during the term of your policy then you would have the peace of mind that your family will be left with a lump sum of money for financial protection.
The types of life insurance available
There are different types of life insurance to choose from depending on what you need to cover.
If you would like to protect your family, a policy will provide a lump sum. For a repayment mortgage you can choose a decreasing term policy to provide cover in line with your mortgage.
Covering your partner
Life insurance is available either as a single or a joint policy. If you were to take a joint policy for you and your partner, normally the insurer would pay out when the first person dies. Once the insurer has paid out the policy will finish, leaving the surviving partner uninsured.
The alternative is to take out two individual policies; this means you will both covered separately and the insurer will pay out for deaths. Running two policies can be more expensive but most insurers will give you extra discounts to help. To find out more about single or joint policies, get in contact using the form on the right.
Duration of life cover
Life insurance can be bought for a fixed term between 5 to 40 years and can run right up until your 90th birthday.
Cost of life cover
The cost of a life insurance policy is calculated based on your age, gender and if you are a smoker. Other factors that will affect your premium is how much you would like to be covered for, the type of policy (level or decreasing) that you are applying for and the length of time you wish to be insured for.