The aim of life assurance cover is to offer peace of mind by providing money for people who financially depend on you, allowing them to repay the mortgage/debts if you have any, to maintain their standards of living.
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If you've ever wondered how your family would cope if the main wage earner passed away then the answer is likely to be life insurance. Life insurance pays out a sum of money when the person who is covered by the plan dies within the term of the plan.LEARN MORE
Critical illness cover (CIC) is typically designed to provide a lump sum in order to help you to maintain your financial security in the event you are diagnosed with a critical illness. If you're critically ill, the last thing you'll want to worry about is your finances and to focus upon what you need to do to get better.LEARN MORE
Do you have sufficient Life Insurance to protect the amount of debt outstanding on your mortgage in the event of death? So you can be sure that in the event of the death, the outstanding mortgage debt will be repaid, and your family can remain in their own home. In many cases, this will then mean they own the house outright.LEARN MORE
The first thing to know if you're considering protecting your family and lifestyle with a life insurance policy is the type of cover that will suit your needs depends entirely on your personal circumstances. As we've already suggested, once you've decided what you need the cover for, the next stage is to work out and decide how much you need.LEARN MORE
Have you considered how you would cope financially in the event that your household loses its main source of income due to long term illness? Unless you have substantial savings to fall back on or a very good long term sick pay arrangement provided by your employer, the chances are you'll find it very difficult to maintain your current standard of living.LEARN MORE