Life assurance is generally needed by people that contribute towards household costs including a mortgage and that also have dependents: children, a spouse, or a partner. Life assurance policies ensure that beneficiaries continue to receive income in the event of the policy-holder’s death. Policies can pay out monthly, or beneficiaries can receive a lump sum. The amount of cover that beneficiaries receive depends on the type and level of cover that is bought. There are two types of life assurance policies: whole-of-life (money is paid out when the policy-holder dies), and term life assurance (the policy lasts for a fixed period of time only such as five, ten or 20 years). If you are concerned about what will happen to your family’s finances after you die, speak to one of our protection insurance experts.
Safeguard futures with us…
How we consult with you
Life assurance begins and ends with you. We will ask you about your future plans, and your cash flow requirements. We will consider your current financial arrangements; salaries, existing pensions, assets, savings and investments. We will ask you about your financial goals, and how you want to live now; and in your retirement. We will combine both analyses and create a long-term financial plan for you that assesses how much cover you would need to maintain your lifestyle. The new life assurance policy will outline in plain English, what your beneficiaries would receive should you die.
We will then put in place a structured review process once you have started your policy. This involves regular updates to check that your policy is still taking you in the right direction and that your life-stage needs have not changed. We will automatically update your policy allowing for any major life changes such as: marriage, divorce, the birth of a grandchild, or a change of income.
We keep you informed and respond immediately to any questions that you may have about your policies, or the wider economic environment. We will make sure that we catch the life events that can change financial circumstances. At all times we will tailor the service that we provide to your personal requirements. Ours is a personal service. We are always on the end of a phone and will respond speedily to emails. Ultimately; we want to put you at the helm of your financial plan, safe in the knowledge that we are keeping things ship-shape for you.