Life Assurance

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 than to ignoring crucial decisions on protection.

What is it?

A Term life insurance plan 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.

With some term insurance policies you can add additional options, for instance critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.

 

Who is it for?

This type of plan is designed for those who want to leave a lump sum in the event of their death within a specified time period whilst keeping the cost to a minimum. Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away. As advisors we can help you find the plan that best meets your requirements.

 

As with all the insurance policies, conditions and exclusions will apply

Copyright © 2024 Mortgage Knowledge Ltd. All Rights Reserved

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances.  This will typically be £199.

Mortgage Knowledge Ltd is an appointed representative of Stonebridge Mortgage Solutions Ltd, which are authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No: 08440849. Registered Office: Unit 48 The Brewhouse, Old Bexley Business Park, Bourne Road, Bexley DA5 1LR.  Telephone 01322555170

To view our Privacy Statement, please click here.

This site is only directed at persons within the UK. Calls may be recorded for training and monitoring.