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What is Life Assurance?
There are two types of Life Assurance plans, namely Level Term Assurance and Decreasing Term Assurance.
Level Term Assurance are the policies where the amount you are covered for, remains the same for the duration of your plan.
Decreasing Term Assurance are the policies where the amount you are covered for, reduces month on month and is directly related to the remaining term of the plan.
Each plan can then have additional extras which our experienced advisors at JF Financial Associates can talk you through, but they include benefits to you like Mortgage Repayment Guarantee, Guaranteed Premiums, Total and Permanent Disability or Waiver of Premium.
Why have Life Assurance?
Nobody likes to think about it; however everybody will experience it at some stage... Death... Nothing will make this tragedy better; however having Life Assurance in place can assist those that are left behind.
Plans are designed to pay off outstanding Mortgage balances, outstanding Debts or to put towards Funeral Costs. They are there to help your loved ones maintain their lifestyle and/or look after your children, whilst dealing with the enormous loss and future they will have to face without their Partner, Mother, Father, Friend...
When put like that, a better question may be, why wouldn’t you have Life Assurance?
Would you really want to leave loved ones not only in an emotional state, but in a potential financial crisis too?
Why use a Broker for Life Assurance Needs?
Far too often, people are purchasing plans without getting professional advice and are left with Life Assurance polices that don’t meet their needs, provide insufficient cover or are incorrect plans types.
Specialising in Insurance, JF Financial Associates will talk openly and honestly about the level of Life cover you require, advise you on Level Term or Decreasing Term Assurance and the length of plan to suit your needs. This will ensure that should the worst happen, your family are protected and can grieve without the additional financial burden, even after your death.
Even more importantly, we will advise you if a policy should be written in trust or not!.
This could be the single most important bit of advice you will every receive in relation to a life insurance plan, and the consequences of getting this wrong can have a major impact on your family and their future wellbeing. Did you know that comparison sites can not advise you on this?
This Payment Protection Insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against the loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
The FCA does not regulate on trusts.
Having access to the some of the UK’s top insurance providers, we can advise you on comprehensive products at prices that won’t break the bank. Don’t delay, give an experienced JF Financial Associates Insurance Broker a call today on 0345 508 8588
JF Financial Associates will never sell you something you don’t want! We offer life cover advice on what you need!