Life Assurance

Similar to life insurance, a guaranteed lump sum is paid out upon death. However, some life assurance products can also be used as an investment – part of the premium you pay is used to build up a lump-sum.

Your home may be repossessed if you do not keep up repayments on your mortgage.

I can help you with all stages of choosing and obtaining life assurance.

Life assurance is a way of providing for the future if you or your partner dies. It can be put in place, or reviewed, at any age. However, the most common time to do this is when a mortgage is taken on. It makes sense to ensure protection is in place from Day One of your biggest financial commitment.

Life assurance products offer financial protection for your loved ones. It’s comforting to think that, should the worst happen, there will at least be some financial cushion. With the average cost of death and funeral arrangements now approaching £9,000*, even the immediate aftermath of a bereavement can cause financial hardship.

*Source: Telegraph You are now departing from the regulatory site of Not Only Mortgages. Neither Not Only Mortgages nor Quilter Financial Services Limited are responsible for the accuracy of the information contained within the linked site.

Choosing the perfect assurance product

With a myriad of different packages available, the most important thing is to find the right solution for you and your family. My first job when dealing with life assurance is therefore to listen carefully to what you need and then explain what sorts of package are best suited to you.

For example, many choose to link life assurance with a mortgage, to ensure that in the event of a death, the surviving partner or children will own their own home, and not have to worry about mortgage repayments.

Other assurance options include:

  • index-linking, to protect your pay-out against inflation
  • critical illness cover, to help provide in the event of you suffering a major illness
  • terminal illness cover, that can allow an early payout of your cover if you are diagnosed with a terminal condition.
  • Using assurance as an endowment policy – an investment nest-egg that pays out during your own life time and can be helped pay for mortgages, university fees and so on.

I can take you through these and other crucial decisions, ensuring that your cover is neither inadequate nor extravagant for your individual needs.

It’s easy to delay thinking about life assurance – but I hope you won’t. Call me today to talk through your needs.