Life Assurance
Whole of Life Assurance
As the title suggests this type of policy will cover you for the whole of your life. The premiums can be reviewable or guaranteed and the levels of cover can be altered throughout the life of the policy to ensure it keeps up with your changing requirements. The sum assured can be index linked if required.
What do these plans include?
Traditionally these types of plans are used to provide cover for funeral costs or inheritance tax planning (IHT) but are also used to provide protection for family or spouses.
You are also able to add an element of Care Home cover through one particular product offered by a single insurer which will provide 75% of the sum assured as a cash lump sum if the life assured requires admission to a care home.
Over 50’s plans
A type of Whole of Life plan that would suit people who have had some medical or health issues would be an Over 50’s plan.
An Over 50’s plan is a type of Guaranteed Acceptance and there are no health questions, so you can be covered very quickly and with very little information.
All we need is your date of birth, smoker status and how much cover you would like (there is a range of options to select from) and we can put cover in place immediately.
The level of cover available is limited and as such it may not be suitable to cover a mortgage or provide family protection. However, it will provide a lump sum upon death if you were unable to get any other form of insurance.
If you are struggling to arrange Life Assurance because you have had previous health issues, problems with weight or family history of illness, get in touch with us and we will be able to provide you with a quotation.
Want to get a quote?
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