Family is important; that’s why it’s best to get expert advice to help protect what matters, when it matters!
What is it?
A term life insurance plan is the most basic form of life policy and will usually be the cheapest way to access life insurance. It will cover 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 such as critical illness cover. If you do take this approach the plan will pay out once diagnosis of a qualifying critical illness has been confirmed, 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, while keeping costs to a minimum. Term assurance can protect your family from the financial implications of a personal tragedy, 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 died. As advisors we will help you find the best plan that meets your requirements.