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Life Insurance

Is it time to review your life insurance requirements or do you even have the correct cover in place ? We will try to explain the different types of life insurance that are available.

We also offer free quotations on the following types of life insurance or if you would like impartial advice why not talk to us on 0161 702 0301 or click here for an advisor to contact you. 

Level Term Assurance ( Instant Quote Click Here )

Level Term Assurance is life assurance that pays out a set amount if you die within the term of the policy.

Level Term Assurance is usually used to cover fixed repayment values; for example, an interest only mortgage where the amount you owe remains the same until the end of the mortgage, or to provide a sum to your family to help support them until they can become financially independent without you.

When a term assurance policy expires, it has no value. This means that if you do not die within the term, you will not receive any money back.

Mortgage Decreasing Life Insurance ( Instant Quote Click Here )

Mortgage Decreasing Life Assurance is used to cover a repayment mortgage where the amount you owe reduces as you repay it.

The premiums won’t change during the lifetime of the policy but the amount that will be paid when you die will reduce starting from the amount of cover you specify, and ending at zero by the end of the term.

When a Decreasing Term Assurance policy expires, it has no value. This means that if you do not die within the term, you will not receive any money back.

Critical Illness Cover ( Instant Quote Click Here )

Critical Illness Cover is assurance that pays out if you are diagnosed with an illness specified within the policy. It is designed to help you adapt if your life is changed by an illness.

The illnesses covered by each policy will differ, so it is important to read the full details of the plan you are considering. The following illnesses are typical:

• Blindness – permanent and irreversible;
• Cancer – excluding less advanced cases;
• Coma – resulting in permanent symptoms;
• Deafness – permanent and irreversible;
• Heart Attack – of specified severity;
• Kidney Failure – requiring dialysis;
• Stroke – resulting in permanent symptoms.

Insurers may also exclude some illnesses because you already have them, or are likely to get them because of your health or lifestyle. The premiums are often reviewable, meaning they may change during the term of the policy; although, some providers offer fixed premiums that are guaranteed not to change.

Critical Illness cover is not designed as a replacement for your income.

Decreasing Critical Illness Cover ( Instant Quote Click Here )

Critical Illness Cover is assurance that pays out if you are diagnosed with an illness specified within the policy. It is designed to help you adapt if your life is changed by an illness. The illnesses covered by each policy will differ, so it is important to read the full details of the plan you are considering.

The following illnesses are typical:

• Blindness – permanent and irreversible;
• Cancer – excluding less advanced cases;
• Coma – resulting in permanent symptoms;
• Deafness – permanent and irreversible;
• Heart Attack – of specified severity;
• Kidney Failure – requiring dialysis;
• Stroke – resulting in permanent symptoms.

Insurers may also exclude some illnesses because you already have them, or are likely to get them because of your health or lifestyle. The premiums are often reviewable, meaning they may change during the term of the policy; although, some providers offer fixed premiums that are guaranteed not to change.

Decreasing Critical Illness Cover is normally used to cover a repayment mortgage where the amount you owe reduces as you repay it.

The premiums won’t change during the lifetime of the policy (unless you choose ‘reviewable’ premiums) but the amount that will be paid when you claim will reduce starting from the amount of cover you specify, and ending at zero by the end of the term.

When the policy ends, it has no value. This means that if you do not claim within the term, you will not receive any money back.

Critical Illness cover is not designed as a replacement for your income. If you are looking for cover to protect your income if you are unable to work then please contact us for advice.

Family Income Benefit ( Instant Quote Click Here )

Life cover which pays your dependents an annual income following your death, for the remainder of your selected plan term.

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