Life insurance provides cover for a set period of time and pays out a lump sum to your beneficiaries if you pass away during that time. This type of insurance is sometimes referred to as term life insurance.

That will depend on your personal choice and also your personal circumstances, family situation and your overall aims. Some people just want insurance to pay off the mortgage, others want to cover funeral costs or to leave an inheritance for their children, and some want a combination of the above. It’s best to talk to one of our advisers as they can discuss your situation and make sure you have the right cover to look after your loved ones.

Whether you need life insurance and how much life insurance you do need depends on your situation. You may want to pay off your mortgage or cover the costs of any funeral arrangements. If you have children or other dependents, you may want to leave them a financial legacy. It’s best to talk to one of our advisers as they can discuss your situation and make sure you get the right advice.

The cost of life insurance will depend on a range of factors, including the type of cover, the amount of cover, the length of the policy, your age, health, lifestyle and whether you smoke. In general, the higher the level of cover and the longer the policy term, the more you are likely to pay.

Because life insurance is individually underwritten, premiums are based on your own personal circumstances rather than a standard price. This means the cost can vary significantly from one person to another.

The right type of life insurance will depend on what you want the policy to do. For example, some people want a lump sum to help repay a mortgage, others want cover to protect their family for a set period, and some want cover that is intended to last for the whole of their life.

Common types of cover include term assurance, family income benefit and whole of life cover. The most suitable option will depend on your personal circumstances, your budget and whether you need the cover for a specific term or on a longer-term basis.

Over-50s is a type of life insurance policy specifically designed for people over the age of 50. There are no medical questions so anyone over 50 and under 80 will be accepted on the plan. As such, this is often a more suitable type of policy for those who have more complex medical histories or who simply choose not to answer medical questions. An over-50s life insurance policy runs from when you take out the policy until you pass away, as long as you make all your monthly payments on time, your beneficiaries will receive a payment in a lump sum.

Over-50s life insurance and Traditional Life Insurance policies have some key differences. Over-50s life insurance has a guaranteed payout as long as you maintain the premiums, no matter what age you pass away. Conversely, with term assurance you are covered for a defined period of time, for example, you may want cover for the duration of a mortgage. With Over-50s insurance, if you live past the age of 90, you no longer need to pay your premiums but the policy will still pay out.

No, there are no requirements for a medical or acceptance when taking out an Over-50s insurance policy. With most providers, full cover is payable two years after taking out the policy.

The cost of Over-50s life insurance can start from as low as £10 per month, this will depend on your age and the amount of cover you need. Like with any insurance product, the higher your monthly premium the more your beneficiaries will receive in a lump sum when you pass away.

This is down to personal circumstances and how much cover you need. There are different types of life insurance to cover all your needs, they are:

• Traditional Life Insurance
• Critical Illness Cover
• Over-50s Cover
• Income Protection
• Whole of Life Insurance

Each one has different benefits and will come at different costs for the agreed term. Speak to us today to get support in finding the right product for you.

Income protection is an insurance policy that can pay you a regular income if you are unable to work due to an accident or illness. It can help you cover your essential expenses and maintain your lifestyle, providing you with peace of mind.

Anyone who relies on their income to cover their living expenses can benefit from income protection cover. It is especially useful for those who are self-employed or don’t have sick pay benefits from their employer.

Income protection cover pays out a regular income if you are unable to work due to illness or injury. You choose the amount of cover you need and the waiting period before the policy starts paying out. The longer the waiting period, the lower the premium.

The cost of Income Protection can vary depending on a range of factors, such as your age, health, and the amount of cover you need. It’s important to shop around and compare different policies to find one that offers the right level of cover for your needs and budget. Speak to one of our advisers, who can ensure you find the right product for your needs.

The cost of income protection cover can be affected by various factors, such as your age, occupation, health, and the amount of cover you need. If you have a high-risk job or a pre-existing medical condition, you may have to pay a higher premium.

In short, yes. This is probably one of the most important things when you’re self-employed. If you suffer from an illness or injury, which leaves you unable to work, what would you do? You may be able to apply for Employment and Support Allowance, which is nominal compared to your monthly income. You can expect to receive up to two-thirds of your monthly salary.

Whole of life insurance is a type of life insurance policy that provides cover for the entirety of your life, rather than a set term. This means that when you die, the policy will pay out a lump sum to your loved ones, regardless of when that may be.

The cost of whole-of-life insurance will vary depending on the amount of cover. The more cover you have, the higher your monthly premium will be. Every life insurance quote will be personalised to you and your lifestyle. Generally, the younger and healthier you are when you take out the policy, the lower your premiums will be.

Whole of life insurance is designed to provide cover that is intended to last for the whole of your life, as long as the policy remains in place. Its main benefit is that it can provide a lump sum when you die, which could help your family with financial commitments, everyday living costs or funeral expenses.

It can offer reassurance that some financial support should be available whenever the claim arises, rather than only during a fixed policy term. As with any policy, the value of the cover, the premium and the conditions will depend on the plan selected.

Yes, many whole-of-life insurance policies offer the flexibility to change the level of cover over time. This can be useful if your circumstances change, such as if you have children, get married or divorced, or experience a change in your health.

Whole of life insurance can be a suitable option for many people, particularly those who want lifelong cover and the peace of mind that comes with it. However, it may not be the best option for everyone, and it’s important to speak to a financial adviser to determine whether it’s the right choice for you.

This will depend on why you want the cover and the level of financial support you would like to leave behind. Some people use whole of life insurance to help cover funeral costs, while others want to leave a lump sum that could support their family more generally.

The right amount of cover will depend on your personal circumstances, your budget and what you want the policy to achieve. It is important to choose a level of cover that is both suitable for your needs and affordable over the long term.

Yes, whole-of-life insurance costs more than a traditional life insurance policy for the same cover amount. This is because the policy is guaranteed to pay out at some point. With this cover, you’ll never stop paying it until you pass away, so you should get proper financial advice before committing to any life insurance policy.

Critical Illness Cover is a type of insurance that pays out a lump sum if you’re diagnosed with a serious illness, such as cancer or heart disease. The lump sum can be used to help pay for medical treatment, cover lost income or pay off debts. It’s designed to give you peace of mind and financial security during a difficult time.

The specific illnesses covered by critical illness cover can vary between policies, but most policies cover a range of serious illnesses such as cancer, heart attack, stroke, multiple sclerosis, and kidney failure. It’s important to check the policy details carefully to understand exactly what is covered and what is not.

Yes, some critical illness policies offer cover for children as well as adults. This can provide financial support if your child is diagnosed with a serious illness, such as leukaemia or a brain tumour. The cover can help pay for medical expenses, travel costs, and other expenses associated with their treatment.

The cost of critical illness cover will depend on several factors, including your age, health, smoker status, the amount of cover you need and how long you want the policy to run for. Because of this, the cost can vary significantly from one person to another.

Critical illness cover is usually more expensive than life insurance on its own, because it covers the risk of specified serious illnesses during the policy term. The right policy is not simply about finding the lowest premium, it is about making sure the cover is suitable for your needs and budget.

Life insurance pays out in the event of your death, or, where it includes terminal illness cover, when you are diagnosed with a terminal illness and have 12 months or less to live.

Critical illness pays out when you are diagnosed with a serious condition or illness as listed in your policy. The illness or condition does not have to be terminal.

Critical illness cover can complement a life insurance policy, giving you complete protection overall and greater peace of mind.