Life Insurance

In simple terms life assurance helps families to cope financially if one partner dies. The typical reason for life assurance would be to pay the mortgage off if one partner died. This may often be arranged with the mortgage itself, but without extra cover the family may struggle to pay off all the other remaining bills.

Most people will insure their prize possessions against loss or damage but when it comes to term assurance people just aren't valuing the importance of insuring their own lives. A 30 year old non smoking man statistically has a one in seven chance of dying before he reaches age 60.

An example for the cost of cover is a 30 year old non smoking man length of term 20 years sum assured £100,000.00 Monthly premium = £7.50 and this is a guaranteed premium throughout the term therefore this won't change. It is sometimes cheaper initially to quote a reviewable monthly premium. The problem with this is the premium is usually reviewable every 5 years and therefore could increase in excess of the guaranteed rate.

To purchase term assurance all you need to do is fill in our quotation form and this will be e-mailed directly to us. We will then research the market and inform you of the best quote on the market for free. We will forward you the key features document and application forms, for you to fill in and return them to us for onward transmission to the insurance company. You will either pay for the cover monthly or annually.

For any further information please e-mail by clicking below.

Part of the i-Financial Services Group Plc