What Is Life Assurance
The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.
It can provide the reassurance of financial protection for you, your family and your business associates.
A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.
Even if there are no dependants who may be financially affected by your death, some Life Assurance policies could go towards covering funeral costs.
The type of Life Assurance and the amount of cover will depend on an individual's particular circumstances and requirements. Factors to consider will include age, dependants, level of income and financial liabilities.
Premiums are normally paid to the insurance company either monthly or annually for a fixed period of time or in some cases, until death.
Types Of Life Assurance
While the overall concept of Life Assurance is fairly easy to understand, there are some complexities.
Most importantly, there are different types of Life Assurance products, covering Term Assurance, Whole of Life, Endowment policies and others.
However, because of the many options and flexibility, Life Assurance can be a powerful instrument in your financial planning toolkit.
Please be aware that in some cases this type of assurance is based on an assessment of the health of the applicant.
What Is Protection
It is quite natural for most people to want to make sure their families (and themselves) are going to be financially secure in the event of loss of income, illness or worse.
But with the usual pulls and pushes of daily life, it is all too easy to forget to deal with these considerations.
“I’ll sort it out soon - maybe next week” is a common response.
This is quite an understandable reaction because of the wide variety of different kinds of protection policies available which can appear bewildering and confusing.
Questions such as “what type of cover should I have for myself and my family?” or “what is the correct level of cover?” need the experienced, professional eye of a Financial Adviser to help you understand this complex and wide-ranging subject, and to guide you towards making the right decisions based on your own circumstances.
Financial Protection can include a very broad spectrum, and you might wish to consider protection cover for:
- Your home and its contents
- Yourself
- Your partner or spouse
- Your family
- Your income, or the income of other family members
- Your health and the health of your family
There are so many different products and providers, and not all of them may be suitable for you and your family.
Our role is to guide you through the options available, identifying the most appropriate mix of protection cover for you and your loved ones.
What Is Life Assurance
The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.
It can provide the reassurance of financial protection for you, your family and your business associates.
A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.
Even if there are no dependants who may be financially affected by your death, some Life Assurance policies could go towards covering funeral costs.
The type of Life Assurance and the amount of cover will depend on an individual's particular circumstances and requirements. Factors to consider will include age, dependants, level of income and financial liabilities.
Premiums are normally paid to the insurance company either monthly or annually for a fixed period of time or in some cases, until death.
Types Of Life Assurance
While the overall concept of Life Assurance is fairly easy to understand, there are some complexities.
Most importantly, there are different types of Life Assurance products, covering Term Assurance, Whole of Life, Endowment policies and others.
However, because of the many options and flexibility, Life Assurance can be a powerful instrument in your financial planning toolkit.
Please be aware that in some cases this type of assurance is based on an assessment of the health of the applicant.
What Is Protection
It is quite natural for most people to want to make sure their families (and themselves) are going to be financially secure in the event of loss of income, illness or worse.
But with the usual pulls and pushes of daily life, it is all too easy to forget to deal with these considerations.
“I’ll sort it out soon - maybe next week” is a common response.
This is quite an understandable reaction because of the wide variety of different kinds of protection policies available which can appear bewildering and confusing.
Questions such as “what type of cover should I have for myself and my family?” or “what is the correct level of cover?” need the experienced, professional eye of a Financial Adviser to help you understand this complex and wide-ranging subject, and to guide you towards making the right decisions based on your own circumstances.
Financial Protection can include a very broad spectrum, and you might wish to consider protection cover for:
- Your home and its contents
- Yourself
- Your partner or spouse
- Your family
- Your income, or the income of other family members
- Your health and the health of your family
There are so many different products and providers, and not all of them may be suitable for you and your family.
Our role is to guide you through the options available, identifying the most appropriate mix of protection cover for you and your loved ones.
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