What is Life Insurance?
Put simply, it is money and financing that assures some sustainable income for our loved ones after we've passed away.
'Life Insurance', sometimes known as 'Life Assurance' or 'Term Assurance', is where a policy holder pays a regular amount into an Insurance policy up until his or her death, after which the policy pays out a sum of money to the beneficiaries to help provide some financial security after death.
'Life Insurance' is often a difficult and uncomfortable concept for people to contend with as nobody wants to think much about death, however the reality is that one day we won't be around and our families may need the support after we have passed on.
That's why we attempt to make the process of finding the right type of cover for you as simple and as quick as possible.
Life Insurance policies are most oftenly found as single or joint life basis with options to include upgrades to cover for unexpected circumstances such as 'Cancer' or 'Major Organ Transplant'.
There are many reasons for 'Life Insurance'; at times of grief when a loved one has passed on, the burden of their financial difficulties can make the time ever more insufferable. Even coming to terms with the loss of a loved one whilst arranging the costs for a funeral, can make coping during the time of bereavement very stressful and hard to manage.
The money from your 'Life Insurance' could be that little something that helps your family lay you to rest the way they would prefer and help them through their time of grief.
It could replace your family income as the primary earner, pay off your debts or help a business partner through this difficult time.
Amongst the many reasons to take out 'Life Insurance', it could be used for:
- Protecting your mortgage - You could arrange for your mortgage to be fully covered and paid off.
- Replacing the primary earner's salary - Ensuring family stability and financial safety after your death.
- Replacing childcare - Covers the cost of childcare expenses after the death of the primary childcare provider.
- Education expenses - Ensure your children's futures by covering for school/university fees after your death as the primary earner.
Death is a difficult circumstance for people to accept, especially that of one's own or that of a loved ones, that's why we feel it is important to make sure your get the best policy for your circumstances so that you can clear your past debts or ensure your family's future.
Getting the best quote for your needs is paramount to us.
Call us now for a quote or use the quick quote function.
Financially Sound Limited is an appointed representative of Personal Touch Financial Services Limited which is authorised and regulated by the Financial Services Authority.
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