Life Assurance FAQs

Life assurance helps to protect your loved ones financially in the event of your death. You choose the amount of cover you need and the length of time you want to be insured for. Your policy is designed to pay out your chosen amount of cover if you die during the term of the policy.

Term assurance – designed to help make sure your family are financially protected if you die during the length of your policy. A cash sum could be paid out and used by your loved ones to help with everyday living expenses, child-costs or help to pay the mortgage.

Decreasing term assurance – designed to help protect a repayment mortgage as the amount of cover – reduces approximately in line with the way a repayment mortgage decreases.

You must be a UK resident and at least 18 years old at the time of applying.

Life assurance premiums can cost as little as £6 per month, that’s the equivalent of just 20p a day. Your individual premium will depend on your own needs and circumstances.

It depends on your individual circumstances. You may want to think about leaving a lump sum to your dependants or help clear an outstanding mortgage on your death. If you’d like more help speak to your Dewar & Partners financial adviser.

Yes, you can add Critical Illness Cover at an additional cost when you take out life insurance.

With medical advances meaning that many serious illnesses are not proving fatal, they can still have a major impact on your life and on your ability to earn a living.

Critical Illness Cover could help reduce the financial impact of a serious illness by helping with practicalities such as helping to pay off your mortgage and helping to pay any bills, allowing you the time to recover.

Terminal Illness Cover is included on our policies at no extra cost (minimum term of two years). It could pay out your chosen amount of cover if you’re diagnosed with a terminal illness and have a life expectancy of 12 months or less, rather than on death. Providing financial support at a time when it could be needed the most.

Critical Illness Cover is available when you buy your life insurance at an additional cost. It’s designed to pay out your chosen amount of cover if you’re diagnosed with one of our specified critical illnesses during the length of your policy.