Life insurance can offer you reassurance knowing your loved ones are financially protected should the worst happen to you.
If you die or you're diagnosed with a terminal illness, it could make life a little easier for the people you leave behind. Giving them reassurance that they could pay the rent or mortgage, pay any debts or expenses and continue with their everyday lives.
With so many options to consider, it can seem very confusing. So, to help you out we've answered some of your most common questions. For more specific advice about the options available for your circumstances, why not get in-touch with one of our friendly advisors.
Everyone’s circumstances are different and not everyone needs Life Insurance. But if your children, partner or relatives depend on your income to cover things such as a mortgage, household bills or living expenses, then the answer is probably ‘yes’ as it will help provide financial support for your family in the event of your death.
Life insurance pays out either a lump sum or regular payments on your death, which can give your dependants financial support after you’ve gone. The amount of money paid out depends usually on what level of cover you purchase and you can also decide how it’s paid out.
To find out more about mortgages, personal insurance, business insurance and protection or to discuss the options available for your circumstances, contact our team of advisors
