Posted on: 14th Nov 2014
Life insurance is a great way to help protect your family from the financial worries they could face if you were no longer around, such as household bills, child-care costs, university fees and coveringpayments.
Here’s few questions we get asked regularly:
Basically life Insurance is a contract between you and an insurer. It could pay out a cash sum if you die during the length of the policy.
What does Level Term Assurance mean?
There are different types of LIfe Insurance. Level Term Assurance to protect you family and
also able to add critical illness cover which will cover critical illnesses.
What is covered by Critical Illness Policies?
Critical illness cover, also referred to as critical illness insurance, is a long-term insurance policy where you’ll get a tax-free ‘lump sum’ – a oneoff payment – if you’re diagnosed with one of the serious illnesses covered by your insurance policy. It will pay out if you get one of the specific medical conditions or injuries listed on the policy. Most policies will also pay out if you are permanently disabled as a result of injury or illness. It only pays out once and then the policy ends. The policy will also specify how serious the condition must be. Examples of critical illnesses are:
- Heart attack.
- Multiple sclerosis.
Can I choose what’s best for me?
Yes it’s up to you what type of insurance you feel suits you. This could differ in terms of length and times. And might involve working out how long it would take to pay off your mortgage if a claim were made.
How much does Life Insurance cost?
In recent years the many forms ofhave become competitively priced. If you have a life policy which is several years old you may be able to change your provider for a more competitive premium, or to increase the benefit for the same monthly cost. It’s really difficult to give a figure on life insurance without a proper quote. It can be as little as £10 a month, but for more comprehensive cover it could be over £30 a month. This will depend on your circumstances.
Callnow for a quote on 0161 495 9340 or email firstname.lastname@example.org.
It is a sad fact that whilst most people are quite happy to insure cars, homes and pets, few people hold adequate health and life cover on themselves or loved ones.
For more information please contact us and we will respond to you as soon as possible.