Do I Need Life Insurance?
Not everyone requires life insurance. You should consider Life insurance if you would like a lump sum to be paid out if you die within the term of the policy, this can help provide financial security for your family should the worst happen. A life insurance policy can be used to protect a mortgage to ensure that the balance can be repaid should you die within the term.
What is Life Insurance?
A life insurance policy will pay the cover amount if the person insured dies within the policy term. You will typically pay monthly insurance premiums for the cover period.
Most policies also include terminal illness cover, where they will normally pay out the cover amount if you are diagnosed with a terminal illness and not expected to live longer than 12 months.
You can select the level of cover and how long the policy will run for. You will only be covered until the end of the policy term.
How do I Apply?
To apply for life insurance the insurer will require you to complete an insurance application form which will ask questions about your medical history, smoker status. If they need any further information they may also request a medical report from your doctor. The process is normally very straightforward!
To find out more about life insurance and to make an application contact us today. We will advise you on the best options for your circumstances and assist you in completing your application forms from start to finish.