Life Insurance

Life Insurance

Life Insurance provides financial security for your family after you die


The loss of a family member is an emotional and traumatic experience for the whole family. A difficult situation may turn worse, if you don’t have enough money to meet immediate and ongoing living expenses. Your family will not only grieve your loss, but they will also have additional financial burden to cope with. Your family may not have the money to pay for any outstanding medical or tax bills. They may have to take out loans to pay for your funeral and burial costs. Your family might have to cut back on their quality of life. Getting life insurance before potential health problems come up is one of the best possible times to make a purchase.

Protect your family when you die in the most simple, popular and cost effective way with life insurance. Your family will get a lump sum, if you die during the term of your policy. You will have the peace of mind that your family will be financially protected in the event of your death. You can choose from a number of types of life insurance policies. The right life insurance policy will depend on your individual circumstances. The different types of life insurance policies available today make it possible to find something to fit almost any budget. We will help you understand your needs to make sure your family will not suffer financially in the event of your death.

Term insurance will pay out a cash lump sum if death occurs during the term of the policy.

There are several different types of term assurance:

It means that the sum assured will be the same throughout the term. The premiums will be the same throughout the term of the plan as well. It may be more expensive at first, but it will not increase as the policy holder becomes older. It will also not increase, if the policyholder suddenly becomes ill. Your coverage ends at the end of the term or at any time you stop making payments. Term Life Assurance has a guaranteed death benefit, but no cash value.

Increasing term assurance addresses the reality of inflation and/or changing circumstances. It allows the payout to increase over time. The level of which is determined either periodically on a set date, or when an event triggers an increase. You have the option to index link your policy which helps you keep the policy in line with inflation. With this option, you can increase the value of your cover in line with the retail price index (RPI) yearly. The sum assured increases throughout the term. It can increase on a fixed basis (for example – 5% compound every year). It can be in line with an index like the Retail Price Index (RPI) or National Average Earnings Index (NAEI).

Your coverage falls each year in a predetermined way, usually to zero by the end of the term. Usually, Premiums are cheaper than level term cover as the amount of benefit reduces as time goes on. With a decreasing term policy, your cover decreases over the term of the policy. These policies are often used to cover a debt that reduces over the period of time.

Protect what matters to you.

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