Life Assurance
Why should you have life assurance?
How much should it be?
How will your family cope if you die?
One of life's inevitable events is that we all have to die at some time. It is the living who often suffer most when somebody dies and it is not just the grief following the death as there can sometimes be grim financial realities to be faced.
Whilst we cannot avoid dying if our "time is up" we can do something about the financial problems that our death may cause. Unfortunately far too many of us leave arranging suitable life assurance way down on our list of priorities.
Many different forms of life assurance exist to suit different circumstances. For example life assurance can be arranged to protect your dependants, your mortgage or your business liabilities. Most forms of life assurance require the payment of a regular premium in return for the promise of a "guaranteed" payment in the event of death. It may be appropriate to consider setting up the life assurance under a trust, designed to ensure the tax efficient and speedy payment of benefits to beneficiaries.
The cost of life assurance depends upon the amount of cover required and the term as well as the age, sex, health and occupation of the life assured. Insurance which is based on an assessment of your health is unlikely to cover you for previous or existing medical conditions and you should refer to policy documentation and seek advice in order to understand what the policy does and does not cover before making an application.
We offer in depth advice regarding all life assurance requirements and strive to identify competitive premiums for the terms required.
