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Life Insurance and Critical Illness Cover

Life Insurance and Critical Illness Cover

Start protecting your family today

Life Insurance and Critical Illness Cover

Life insurance protects your loved ones

Life Insurance is designed to pay out an agreed amount of money upon the death of the life insured. The money does not have to be associated to a loan but can be used to pay out a lump sum that can be passed on to the family. The payment is made tax free, has no investment element to it and is a cost effective way of protection because of this.

Life assurance is essential to ensure that a family’s standard of living is not affected if a key member of the family dies. The payment can be used to pay off a loan or to leave a lump sump to a beneficiary to ensure there is money left for the family to survive.
There are two main options within a life insurance policy:

Life Cover – Will pay out a lump sum or income in the event of the death of the insured

Critical Illness Cover – Will pay out a lump sum or income in the event of the diagnosis of a critical illness.

It is essential to shop around for life insurance as premiums differ with each insurer. There are a lot of variations that can be made to a policy that can save you money, increase benefits and provide you with long term security.

 

It is worth using a whole of market advisor to guide you through the process to ensure that you are getting the most comprehensive cover for the cheapest price.