Life Assurance

Did you know?

Over 1650 people die every day in Great Britain (National Statistics online)
Every week 6200 people are killed or injured in road traffic accidents (office for national statistics)
1 in 4 men now aged 20 will not live to 65 (Swiss re 2001)

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.

For mortgages regulated by the Financial Services Authority a fee of up to 1% of the loan arranged on your behalf will be charged upon completion. Please think carefully before securing other debts against your home.

When consolidating debts the new mortgage may have a longer repayment term and therefore increase the total amount payable.

Your home may be repossessed if you do not keep up repayments on your mortgage