Life cover

The most well-known type of insurance. This will pay out
either a lump sum or a regular income should you pass away,
to provide financial support to your dependants.

The cheapest form of cover is known as a ‘term assurance’ policy.
You choose how long you want cover to last for, which could be until your children are no longer financially dependent on you, or you could align it with your mortgage term to ensure your mortgage is paid off.
The other main type is known as ‘whole of life’. This policy has no specified end date - it simply provides cover until you pass away so is useful to cover funeral costs for example.
Your adviser will be able to help you choose the most suitable option for you and your family.
Is life cover for me?

You should consider life cover if:

  • You have a partner or dependants and want to ensure they are financially secure should you
    pass away.
  • You want to ensure the mortgage is paid off should you die before the end of the mortgage
  •  You want to ensure your partner or dependants’ rent can still be paid should you pass away.
  •  You want to ensure your funeral costs are covered.
Additional benefits

Protection insurance policies now typically offer many added features and benefits to increase the
level of cover offered. Some of these are contractual and boost the coverage offered, others are
offered in addition to the core product and can be used irrespective of whether there is a claim
made. They can include things like:

  • Health MOTs
  • Access to remote GPs 24/7
  • Retail discounts
  • Gym and fitness device discounts
  • Physiotherapy
  • Counselling and bereavement support
  • Legal helplines
  • Second medical opinion services

Not entirely sure what you need?
Get in touch!