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 Term Assurance
Look after your loved ones and yourself.
Anyone with dependants who rely on them should consider Life Assurance. The
loss of a spouse, for example, can leave survivors facing problems paying
the mortgage, rent, school fees or simple day-to-day expenses. Without life
assurance cover, the family may be left with nothing but the very minimal
State benefits and may even be left with debts.
The cost of life assurance is based on the age, sex, health and habits of
the applicant and how much cover is required. Benefits are usually paid out
as a lump sum and can be paid out tax-free if in trust. There are two main
types to choose from.
Term Assurance
This is the cheapest option and the life cover will run out after a selected
amount of time. This is generally used to cover loans and borrowings such
as mortgages and for periods of time when people have dependants, such as
looking after their children.
Critical Illness Cover
A Critical Illness policy will pay out a tax-free lump sum should you be diagnosed
with a serious illness such as cancer, heart attack, stroke etc. Most insurance
companies offer a different set of illnesses covered so it is important to
bear this in mind when you are making a decision on which company you choose.
Price is not always the best guide here. The cover can be set up in the same
way as a life assurance policy.
Everyone should consider Critical Illness cover as advances in medical technology
means that people can now survive many conditions which would have once proved
fatal. These diseases can often prove to be debilitating and leave people
unable to work. A critical illness policy can inject a tax-free cash lump
sum to help cope with life after a serious illness.
Our quotation system allows you to select:
- Pure Life Cover
- Pure Critical Illness Cover
- Combined Life and Critical Illness Cover
Please ensure you have read our Initial Disclosure Document before proceding
For a Quotation Click Here
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