Life Insurance


Life Insurance policies provide financial protection to you and/or your dependents should the worst happen.

Term Assurance typically pays a one off lump sum if you die within the term of the contract. If you lived, beyond the term, the policy is worth nothing and you would get nothing back. The two most common types are Level Term Assurance and Decreasing Term Assurance.

Level term Assurance offers a level amount of cover in return for a level premium throughout the term of the contract. So, if you started £100,000 of cover for 20 years and then died anytime in the next 20 years, the payment to your dependents would be £100,000.

Decreasing Term Assurance, often referred to as Mortgage Life Insurance or Mortgage Protection offers a decreasing amount of cover in return for a level premium. It’s designed to meet the needs of individuals with a decreasing liability such as a repayment mortgage.

Whole of Life is Life assurance without a term, as long as you keep paying the premiums for the whole of your life the plan will pay out when you die.

Over 50s Life Cover

Over 50s Life Cover pays out your chosen sum assured when you die however old you live to, as long as the monthly premiums are maintained (after the first 24 months).

There are no medical questions so acceptance is guaranteed for any UK resident over the age of 50. As a result the premiums can be more expensive than term insurance and whole of life cover. It’s important to remember that inflation will reduce what your cash sum will buy in the future, so take this into account when you’re choosing how much cover you need.
What you can use the plan for:

  • Protect your loved ones
  • Pay for your funeral
  • Leave a lump sum behind for your children or grandchildren
  • Instant cover available in most cases
  • Protect your family