LIFE COVER
A financial safety net to leave behind for your loved ones
Life cover can be arranged to leave a lump sum behind for a loved one, or as protection for a mortgage to be paid off in the event of your passing so you’re able to pass on an asset to your family free of any debt.
It can be arranged in either as a level term cover or decreasing term. Level term is where the payout amount doesn’t decrease over time, which makes it the ideal solution to leave your loved ones a nest egg. Decreasing term gradually reduces the amount of the payout over time, which is ideal for mortgage cover.
Decreasing term is lower risk to an insurer than level term, and as such decreasing term is cheaper than level term.
It can be tricky to see all the potential gaps you need to consider, and as such, advice from an experienced broker is key. Contact us today and we can help.
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If you’d like to chat to us, please feel free to send your contact details and we’ll come back to you. Or just call us on 03301 331143