Life Insurance
It is important to know your family is looked after if the worst is to happen. This is why we are here to make sure that you have peace of mind and the best policy for you and your loved ones.

The basics of life insurance

What is life insurance?

Life insurance can pay your dependants money, as a lump sum or as regular payments, when you pass away. This insurance option gives you peace of mind that your loved ones are provided for even when you are not there to provide for them any longer.

The amount of money your dependents will receive depends on the level of cover you purchase. You can decide how much will be paid out and whether you would like it to cover certain things such as rent or mortgage payments.

When you decide how much you will leave to your dependents, you should consider whether it will affect any means-tested benefits they may receive from the government or other institutes.

What is covered with life insurance?

Life insurance usually only covers death. If you cannot provide for your family due to an illness and/or a disability, this insurance policy will not help you and does not cover this.

Some life insurance policies provide a terminal benefit, and this is not something that is automatically granted, however. Terminal use is when money is paid out based on the diagnosis of a terminal illness.

The majority of policies will have some exclusions. The most common one is that a policy might not cover you if you die due to drug or alcohol abuse. In most cases, you are also likely to have to pay more if you take part in a risky sport.

Although they would not be covered as part of life insurance policies, you can still purchase other policies which will cover you for long-term illness, critical illness cover, or total and permanent disability.

Do you need life insurance?

It is highly suggested that you have life insurance if you have:

This is because a life insurance policy will allow you to support still and provide for them after you die.

You might also want a policy which also covers funeral expenses.

You should not rely on the state to look after your family after you are gone. The money they will receive as support from the government is often a lot lower than people realise and, in many cases, will not cover even a month’s mortgage payment.

How much does life insurance cost?

Life insurance can be one of the best value-for-money insurances you can buy. In most cases just a few pennies a day is all you need to know that your family will be left with plenty of financial protection. Monthly premiums however do vary, so it is worth checking what is covered in your policy for its cost.

There are a number of things which will change the price you pay for life insurance:

Bristol

Henleaze Business Centre,
13 Harbury Road, Henleaze,
Bristol BS9 4PN
Tel: 01172 872199

Exeter

3-4 Cranmere Court
Exeter
EX2 8PW
Tel: 01392 984364

London

56 Gloucester Road
Kensington
London SW7 4UB
Tel: 020 3633 2515