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Level and Decreasing Life Insurance for Mortgage and Family Protection

  • Up to 25% cheaper than going direct*
  • Free Will worth £150 with every policy*
  • 5 Star TrustPilot Rating

Critical Illness Cover will pay out upon diagnosis of a critical illness

  • Up to 25% cheaper than going direct*
  • Free Will worth £150 with every policy*
  • 5 Star TrustPilot Rating

Whole of life policies cover funeral arrangements, inheritance and tax bills

  • Up to 25% cheaper than going direct*
  • Free Will worth £150 with every policy*
  • 5 Star TrustPilot Rating

Over 50's plans are suitable for people with pre-existing medical conditions

  • Up to 25% cheaper than going direct*
  • Free Will worth £150 with every policy*
  • 5 Star TrustPilot Rating

Choosing the Right Cover for You

21st September, 2015

Choosing the right protection for your needs is a decision that needs careful attention and if you can, advice from a financial expert. But knowing which types of cover are available is just as important before you consider getting that peace of mind. So what types of cover are there?

Critical Illness cover alone will pay out a lump sum if you get a serious illness listed in the policy. With providers adding illnesses all the time, these products are very comprehensible and will often deliver financial peace of mind to you and your family when you need it most. Critical Illness is a surprisingly affordable and reliable type of cover, especially if bought early in life and particularly when bought combined with Life Insurance.

Some consider taking out a policy such as simple Life Insurance or if affordable Critical Illness to cover a large debt such as a repayment mortgage. This can be on what is called a Decreasing Term instead of a Level term, so that it reduces in value over time just like your mortgage. Family Income Benefit is another way of ensuring your loved ones are protected, paying out a regular income to your family in the event of your death.

Whole of life cover can be used to cover permanent requirments such as a funeral's or generally increasing your inheritance, as they have no expiry date. For this reason these plans tend to be smaller in order to keep the price lower.

If you are not sure whether you need cover yet, simply ask yourself: Would4 you be able to cover your income if suddenly unable to work? Would you be able to meet repayments and pay bills? Do you know how little state support can be and how long your employer will pay your wages for if absent from work? Who will pay for your funeral and how will the money be found when you pass away?

Thankfully, many providers understand that in an underinsured nation it is vital that their products are as customer-focussed and comprehensive as possible. That is why they are adding lots of great benefits to their cover, such as medical advice, counselling, support and more. Please call us on 01202 714172 found advice on what plans best suit your needs.

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