We all know that taking out a mortgage is likely to be the biggest financial commitment we’ll ever make in our lives. That’s why it’s important to plan for the unforeseen and ensure you have the right protection in place to give you and your loved ones peace of mind.

We are not life insurance salesmen. There is no compulsion from any lender requiring you to have life insurance. What we will do is help you evaluate whether you need life insurance or not, covering some eventualities which you may not have thought of.

The main types of term assurance and life insurance are:

  • Level Term – Premiums and life cover remain level throughout the policy. Can be in single or joint names.
  • Mortgage Protection – This is a form of decreasing term assurance. The premium remains constant but the life cover gradually reduces each year. Normally used to protect a capital and interest (repayment) mortgage. Can be in single or joint names.
  • Family Income Benefit – These are used to pay a monthly or yearly income in the event of death. Commonly used to provide a widow/er with income to ensure dependent children can be adequately provided for. Can be in single or joint names. Slightly cheaper than level term assurance cover.
  • Critical Illness Cover – People are becoming increasingly more aware of the value of having critical illness cover in place. Unlike life cover, this benefit pays out once you have been diagnosed with one of the specified illness as listed in the policy.

We all know that taking out a mortgage is likely to be the biggest financial commitment we’ll ever make in our lives. That’s why it’s important to plan for the unforeseen and ensure you have the right protection in place to give you and your loved ones peace of mind.

We are not life insurance salesmen. There is no compulsion from any lender requiring you to have life insurance. What we will do is help you evaluate whether you need life insurance or not, covering some eventualities which you may not have thought of.

The main types of term assurance and life insurance are:

  • Level Term – Premiums and life cover remain level throughout the policy. Can be in single or joint names.
  • Mortgage Protection – This is a form of decreasing term assurance. The premium remains constant but the life cover gradually reduces each year. Normally used to protect a capital and interest (repayment) mortgage. Can be in single or joint names.
  • Family Income Benefit – These are used to pay a monthly or yearly income in the event of death. Commonly used to provide a widow/er with income to ensure dependent children can be adequately provided for. Can be in single or joint names. Slightly cheaper than level term assurance cover.
  • Critical Illness Cover –People are becoming increasingly more aware of the value of having critical illness cover in place. Unlike life cover, this benefit pays out once you have been diagnosed with one of the specified illness as listed in the policy.