How Much Life Insurance Do I Need? There is no exact “how much life insurance” figure that you should put in place so don’t worry about trying to calculate an exact amount. There are two ways to calculate how much life insurance you need: 1) Lump Sum Life Cover Life
There are many different types of cover. A brief summary is available on this site. Please contact us to get further details.
What is Life Insurance? Life insurance is a simple product designed to provide a lump sum or Monthly income payment on death. It is designed to provide your dependents with financial security on your death and ensure that they are not left with a shortfall in income. It can also be used to protect mortgage
Time to Review Your Life Insurance? Most people just take out a life policy, stick it in a drawer and never look at it again. You should review your life insurance or mortgage protection every few years. Check if there is better cover available or if you can get better value elsewhere. Did you know that
Whole Life Policy: A whole of life policy is taken out with the intention of covering you for all of your life. There is no set term on the policy, it will continue forever. Sounds good eh, but there are some downsides; It is expensive. Because you are covering yourself until you die, the cost
Serious Illness Cover Serious Illness/Critical Illness Insurance pays out a tax-free lump sum if you are diagnosed with one of the specific illnesses or disabilities that your policy covers. It can be provided as an extra benefit on a Life Assurance or Mortgage protection policy or it can be provided as a standalone product. Typically
Pension Life Cover Pension Life Cover is a life cover plan that you can take out before you retire. You do not have to have a pension to take out this cover. It pays your family a guaranteed lump sum if you die during the term of the plan. They can use this as they
Over 50’s Insurance Guaranteed acceptance – no medical needed We understand that not everyone wants to go through the details of their medical history to take out a protection plan – we know that some people find this awkward. If you are aged between 50 and 80 and apply for 50+ Easy Life Cover, you
Negative Equity Insurance Negative equity insurance is simply using a life insurance policy to fund the difference between to value of a property and the outstanding debt on it should you pass on. This is a very prudent estate planning measure; whilst you may be in a position to manage your affairs on an ongoing
Do I Need Life Cover? Simply put – If someone would suffer financially on your death then you need life cover. Please see below the different categories of people who need life cover. 1. Parents 2. Couples with no children 3. Self Employed 4. Retired 5. Single with no dependents A) Parents As you