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Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.
What is Life Assurance?
A life assurance policy is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you die during the policy term.
Critical illness cover can be added to term assurance policies at outset for an additional cost. If you do add on critical illness cover, the policy could pay out the lump sum if you die or on diagnosis of a specified critical illness during the term of the policy. Or it could pay out if you are terminally ill, and you meet the definition, except in the last 12 months of the policy.
Who is it for?
Life Assurance is designed for those who want to leave a lump sum in the event of their death within a specified time period. Term assurance can help protect your family financially in the event of your death and is important if you have young children or dependents. It can be used to help cover a mortgage, other loan or to help ensure that your family is protected from the effects of having to repay a debt after the main wage earner has passed away. Our trained advisers will be happy to discuss your requirements and arrange a suitable policy for you.
This product is not a savings or investment product, and has no cash value unless a valid claim is made.
As with all insurance policies, conditions and exclusions will apply.