We can discuss with you:

1. How much life insurance you need.
2. How long you want the cover for.
3. What is the right life insurance for you.

We have listed below brief descriptions of different types of life insurance.

Level Term Assurance

Fixed premiums for a number of years and a full payout on claim at any point during the term. The policy does not acquire any surrender value and at the end of the term will cease with no return.

Increasing Term Assurance

The cover increases every year without the need for a medical. Not as popular as Level Term, but it should be as people may require additional cover in line with increases in their income and inflation.

Decreasing Term Assurance

The payout reduces over the cover period at a flat fixed rate each year.

Mortgage Protection Assurance

Life assurance where the lump sum reduces in line with the outstanding mortgage balance over time.

Renewable Term Assurance

A short term policy and therefore cheaper initially, and commonly used for protecting Company Directors. Importantly, it can be renewed without further medical evidence.

Family Income Benefit Assurance

Instead of paying out a lump sum, this type of cover provides a tax-free annual income until the end of the term specified at outset.

Whatever policy you choose, you should always consider putting your policy in Trust. For couples we often recommend single life policies over joint as this represents better value for money.