Whole Life Insurance
Whole of life insurance is a type of policy that guarantees an insurance provider will pay out a lump sum to your loved ones when you pass away, rather than within a fixed time frame.
Mortgage Life Insurance
Mortgage life insurance is typically bought to cover a mortgage, so in the event of your death your loved ones can pay off your outstanding mortgage. Also known as decreasing term life insurance.
Critical Life Insurance
Critical illness cover is an add-on to life insurance, where you can get a payout in the event that you are diagnosed with one of the critical illnesses covered by your policy.
Over 50's Life Insurance
Over 50’s life cover is a form of life insurance for the mature adult. It provides a financial cushion for the policyholder’s family, which will pay out in the event of their death.
Protect Your Home And Your Family With Mortgage Life Insurance.
Mortgage life insurance is life insurance you take out to cover the cost of your mortgage payments for your dependants if you, or your partner, pass away. It provides a pay-out if the policy holder dies before their mortgage is paid off. Usually the amount paid out decreases over time to match your remaining mortgage.
Family life insurance is a plan that will take into consideration your dependants and what they would need to cover their expenses if you were gone. If you take out Life Cover, your family would receive a lump sum if you died during the plan term. You also have the option of adding your children to your plan which could help cover costs like medical expenses if they were diagnosed with a serious illness.
Advisors will help you find the perfect policy for you!
A typical life insurance policy – called term insurance – will pay your dependants a set amount of money as a lump sum if you pass away within a specified period.
The amount paid out is called the ‘sum insured’ and the length of the policy is called the ‘term’. You choose the payout amount and the length of the term.
The sum insured should typically be enough to cover the money you have left on your mortgage and some extra to help make your family’s life easier when you’re gone. The term should be at least as long as your mortgage..