Planning for your death is unpleasant and not something most of us are comfortable confronting. However, preparing now could provide financial protection to your loved ones if the unexpected happens. Life insurance can reassure you and your dependents that, if the worst were to happen, they would be able to manage financially.
Life insurance protects your family and gives them financial certainty when you’re no longer around.
With life insurance, you pay an annual or monthly premium. Should you die during the policy length, your nominated beneficiary(ies) will receive either a cash lump sum or monthly payments. When taking out your insurance, you choose how long the cover lasts and how much your dependents could receive. For example, you may simply want the payout to clear your outstanding mortgage debt, or you could allow additional funds to cover ongoing costs such as household bills, childcare expenses, etc.
If you already have a life insurance policy but are taking out a new mortgage or increasing your borrowing, now is the time to review it. Your current policy might not meet your future financial needs.
Given the importance and sensitivity involved, it’s advisable to use a broker to help with your life insurance search. We’ll help you determine the amount your cover needs to provide and find a suitable policy to meet your circumstances.
With your life insurance policy in place, you can focus on enjoying the future, knowing that protection is in place if needed.
Because we play by the book we want to tell you that...
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.
For insurance business, we offer products from a choice of insurers.