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Life insurance helps protect you and your family in the event of unexpected death.

Following a valid claim, you could receive a tax-free lump sum, to repay your mortgage balance, or to provide enough money to support you and your loved ones in the unfortunate event of a loved family members death.

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*Please note our services are tailored towards UK residents and domiciled persons.

Family Life Insurance

Life insurance that helps protect you and your family in the event of unexpected death.

Following a valid claim, you could receive a tax-free lump sum, to repay your mortgage balance, or to provide enough money to support you and your loved ones in the unfortunate event of a loved family members death.

Discuss with our team the best protection to benefit your family requirements

Schedule a FREE Consultation

Life insurance is a type of insurance policy that can provide financial support for your family, who will receive a portion of your accumulated assets upon your death.

A lump sum can help clear outstanding debts, like your mortgage, and give your family money to live on so they can continue to pay bills and living expenses. Some policies will allow you to arrange a regular income for your family.

Life insurance is not a legal requirement but it can provide the peace of mind that your family will have financial security during the worst of times.

It's also important to note that some mortgage lenders may insist on life insurance as a condition of their loan. This will ensure your loan if you die, and the debt will be paid off.

Why should you buy life insurance?

Those single and without defendants may consider life insurance a waste of money, but those with defendants to think about and who rely on the income from their salaries may find that it holds some value.

People buy life insurance for different reasons

You are paying a mortgage

Life insurance can be used to pay off your mortgage, relieving family members of the burden of that debt.

You are the breadwinner

When you die unexpectedly, the people closest to you will be left in dire straits financially. Life insurance can step in and help cover household bills and expenses by making payments directly to your dependents. Even if you’re not the main earner in a partnership – or don’t earn at all – it’s still worth considering. For example, if you’re the main carer for your children and pass away suddenly, your partner might be left having to pay expensive childcare bills.

You want to leave a family legacy

Life insurance is a means of ensuring that your loved ones will be financially secure after you are gone.

You have an inheritance tax

An inheritance tax is a tax that can make a significant impact on the amount of money your heirs have. You might want to consider taking out life insurance to help cover that tax bill. You can also put a policy in trust, which means the lump sum payout isn’t subject to inheritance tax. It’s something you should get professional legal or financial advice on.

You have children

When people start families, they often first think of life insurance. Life insurance policies can help give parents peace of mind that their children will be taken care of financially if they die. These types of policies are most commonly purchased by people who are married or have children.

You want to plan for your funeral

Some people choose to purchase life insurance in order to help pay for the cost of their funeral.

Choosing the right type of insurance can be a complex decision.

Life insurance can be divided into several types, each with its own advantages and disadvantages. Term life policies are typically sold for a number of years, although some opt for permanent policies that provide unlimited coverage during the insured's lifetime.

For more information on how much life insurance you should purchase and how to purchase it, contact us today!

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