Life Assurance
- Why should you have life assurance?
- How much should it be?
- How will your family cope if you die?
When someone dies it is those who are left behind that will suffer, not just through grief but also because of unforeseen financial consequences.
We cannot predict when death may occur but we can prepare for the financial scenario that would follow. Unfortunately far too many of us do not arrange suitable life assurance plans to solve this issue.
There are different forms of life assurance to suit different circumstances. For example plans 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" benefit 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 andstrive to identify competitive premiums for the terms required.
