Life Insurance

What Is Life Insurance?

Life Insurance is one of the most important financial protections you can have. Whether you’re safeguarding your home, securing your children’s future, or supporting a partner, Life Insurance provides peace of mind that your loved ones will be financially cared for if the worst happens.

What Does Life Insurance Do?

Life Insurance pays out a lump sum to your chosen beneficiaries if you pass away or are diagnosed with a terminal illness. This can help cover:

Funeral costs
Mortgage or rent
Household bills
Everyday living expenses

It acts as a financial safety net when your family needs it most.

Types of Life Insurance

1. Term Life Insurance

Covers you for a set period (e.g. 10, 20, or 30 years). Ideal for mortgage protection and family cover. More affordable than whole of life.

2. Whole of Life Insurance

Lifelong cover that guarantees a payout. Commonly used for funeral costs or leaving an inheritance.

3. Universal Life Insurance

A flexible policy with a savings element. Less common in the UK but may suit those wanting adjustable cover and premium options.

Need to know more?

When Should You Get Life Insurance?

The sooner, the better. Premiums are typically lower when you’re young and healthy. Life Insurance becomes essential once you:

Buy a home
Have children
Become financially responsible for others

You’re never too old – many people take out cover in their 40s and beyond.

Will My Policy Pay Out?

Yes, provided your policy is valid and information given is accurate. Over 96% of claims are paid (ABI 2022-2023). Policies written into trust can help avoid delays and inheritance tax.

Which Is Better: Term or Whole of Life?

It depends on your needs:

Term Cover is more cost-effective for temporary needs like mortgage protection.
Whole of Life provides lifelong cover and guarantees a payout.
Speak to an adviser to determine the right option for your circumstances.

Other Protection to Consider

Critical Illness Cover – Pays a lump sum if diagnosed with a serious illness like cancer or stroke.
Income Protection – Provides a regular income if you’re unable to work due to illness or injury.
Over 50s Cover – Simple, guaranteed acceptance policies often used for funeral costs or leaving a small gift.
Business Protection – For company directors and business owners, including key person cover and shareholder protection.

Protect What Matters Most

Whether it’s your family, your home, or your business – Life Insurance provides financial reassurance when it’s needed most.

Contact Us
for Advice

Get in touch today for tailored advice and a Life Insurance solution that suits your goals and budget. Telephone: 0161 711 0204.

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Expert Advice

Would you like to speak to our Head of Protection, George? If so, simply book a date and time that’s convenient for you using our booking system.

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