Life Assurance
The main purpose of life assurance is to provide for those financially dependent on you. It puts a sum of money their hands in the event of your death. This may be used to pay off debt (such as a mortgage), to meet expenses, to provide capital and income to meet future expenses : the costs of bringing up and educating children; maintenance of the family’s lifestyle. If you were to die, what financial position would you leave your dependents in ? If you are unsure, ask them !
Life assurance is more flexible, and sometimes more affordable than you may think. It all depends on your needs. There are a number of variations on the simple theme of insuring the life of the policyholder and a number of life assurance companies offering similar cover. As a result, you can make significant savings and/or enjoy much greater cover with our comprehensive and professional advice.
The three main types of life assurance policies available are:
Term assurance - an insurer agrees to pay out a defined sum if the person insured dies before a given date
Endowments - combine term assurance with a savings element so that at the end of the term a lump sum is paid out
Whole-of-life - these policies provide throughout the whole of the life of the insured.
There are many variations on these basic themes. Life assurance needs to be tailored to your individual circumstances. We are here to help you choose the cover that is right for you, your family and dependants.
| Contact us on 01752 205205 | |||||||||
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| This firm is authorised and regulated by the Financial services authority |
