Life Protection / Assurance
Investaco can advise you on a full range of options:
- Term Assurance
- Life Assurance
- Critical Illness Insurance
- Income Protection
- Whole of Life Assurance
- Private Medical Insurance
- Permanent Health Insurance
If protecting your family, your income and your lifestyle is important to you then let us advise you.
Life assurance
The whole idea of life assurance is to pay off your debts and support your dependants by replacing some or all of your income if you die. You pay premiums to an insurance company, usually monthly or annually. In return, the insurance company will stump up an agreed amount – the ‘sum assured’ – if you die during the life of the policy.
Your life assurance premiums will vary according to a number of factors, including the sum assured and the length of your policy (its ‘term’), plus individual lifestyle factors such as your age, occupation, gender, state of health and whether you smoke. (You could save a fortune by giving up smoking, as most insurers will quote lower premiums once you’ve quit the evil weed for a year or more!)
Making your protection plan even better
It is estimated that only 6%* of all protection policies are currently ‘written in trust’, this means a huge 94% of policies are at risk of:
- payment to intended beneficiaries being delayed
- payment may not go to your intended beneficiaries
- more inheritance tax payable than necessary
- proceeds from policy may not be protected from creditors
Find out more about putting your policy in Trust.
Mortgage lenders encourage all borrowers to take out a life assurance policy, but it’s only necessary if you have a partner and/or children. After all, if you’re young, free and single, who stands to lose out if you kick the bucket? At the very worst, your mortgage lender will sell your house to pay off your home loan, which is no big deal! Why not consider income protection insurance instead, which pays you an income if you can’t work because of sickness, injury or disability.
Contact us now for a no obligation life assurance quote!
For more information, please contact us