life cover
Life Insurance protects your family and mortgage with a single lump sum if you die during the plan term. Its like a safety net for your family. Your loved ones will get a guaranteed lump sum paid out if you die during the period of the cover, helping them cope financially at an already difficult time. Most people have life insurance to cover financial responsibility such as:
- Personal Debt
- Dependant (Children) Care
- College or University Education for Dependants
- Funeral Costs
- Mortgages
- Spouse/Partner
We’d always recommend for all policies to be put into trust. This ensures that the beneficiaries of the policy is paid as quickly and smoothly as possible after death and the policy may not attract inheritance tax.
Protection plans with no investment link will have no cash in value at any time. If premiums are not maintained, then cover will lapse.