There are no fees for this service. We search the whole market to find the most appropriate and cost effective insurance(s) for you including new policies and re-brokering existing plans.
Term insurance to provide a lump sum in the event of death. The policy can be in individual names or set up in joint names with payment made on the first death of either (Known as joint life first death). The term should be for the period that you consider you need cover for.
For mortgages, if the loan amount outstanding is expected to reduce each year (as in the case of a capital payment and interest mortgage), then a "decreasing term insurance" should be considered so that as the balance of the mortgage reduces so does the amount of benefit. This enables cover at lower premiums. For interest only mortgages, the benefit or amount covered needs to be "level" for the term of the mortgage, (known as "Level Term Assurance").
The main reasons for adequate life insurance are:
- To clear all debts should death occur
- To provide a legacy, funds for beneficiaries on death to protect their lifestyle
Any new financial liability/commitment should be covered by insurance. How will you, your dependents, spouse or partner cope in the event of your death? There will be a financial impact on them, are they protected?
To plan properly, we help you identify the present position. Are existing plans costing too much? What are your needs? We will then provide quotations and advice for you to decide upon.
We access the whole of market and can provide the most competitive and quality policies
Life insurance we recommend is non investment term assurance - no investment element and a defined term. Low cost, either level benefit for a term or decreasing term benefit to go alongside a capital repayment mortgage.
Life insurance plans can also include critical illness cover and will be less costly than having two policies one for life cover and one critical illness cover. Contact us to discuss or to get a quote on firstname.lastname@example.org or call us to discuss on 01535 640079.