Life Insurance

Level Term Life Insurance provides you with a fixed amount of money over a specific time period. If you die within the time period, the policy pays out the fixed amount as a lump sum to your beneficiaries. This type of policy is useful for a number of reasons, including:

- Protecting your family

- Leaving a legacy for your children

- Covering an interest only mortgage

- Covering funeral costs

Decreasing Term Life Insurance provides you with a lump sum that decreases over time. This form of cover is typically used where a specific debt needs to be paid off that reduces over time. The main example of this is to pay off a capital repayment mortgage. As the mortgage amount reduces over time (due to your regular monthly mortgage payments), the level of cover also reduces.

Whole Of Life Insurance is exactly what it sounds like. It covers you for the rest of your life and will always pay out when you die (as long as you maintain the monthly payments).

Family Income Benefit isn't as well knows as the other types of Life Insurance, however it's incredbly important for looking after your family. It pays a regular monthly amount to your family if you die during the term. It can be used to replicate your lost salary, help pay for the upbringing of your children, or be used by your appointed guardians.

Contact our experts today to see which cover is right for you.