Life Insurance

What is it?

A term assurance plan is a basic form of life insurance, these can be arranged as single or joint and are a cost effective way to insure your life against death. The cover is over a fixed period and pays out a sum if you die during the term. Applicants should be aware there is no investment content in this or any of our plans.

With many term insurance policies you can add additional options, like critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.

Who’s it suitable for?

This type of plan is designed for those who want to leave a lump sum in the event of their death within a time period. Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main earner has passed away. As Financial Advisors we will always help you find the plan that best meets your requirements.