Life Insurance
What is Life Insurance?
Life Insurance provides a lump sum payment to a beneficiary, third party or an estate in event of your death. It would also be normal for all or part of the benefit to be paid should you be diagnosed as terminally ill. Payments are only ever made in accordance with the Insurers policy terms and conditions.
Why do you need Life Insurance?
- If you die, you want to relieve your family of debt and also provide them a lump sum so that it can be invested to provide funds to replace your lost family income.
- You want to secure your family's financial future.
- You are a partner or co-director in a business and you want to ensure the ongoing financial stability of the business should a partner or co- director die.
- You also want to ensure that the deceased's family is financially secure.
- You own a business where an employees ability or input is vital to the profitability or success of your business; that employee is a 'key person'. You want to ensure that should that 'key person' die that the business has the funds to replace lost revenue or for capital purposes.
If you would like to find out more about life insurance you can contact us here.