Life Insurance

Life Insurance

Making sure your loved ones are protected when you aren’t around to provide for them any longer is so important. In the case of unexpected illness and death life insurance makes coping with tragedy and loss slightly more bearable.

Life insurance works by paying out a specified cash sum after the insured is diagnosed with a critical illness or passes on. This can help greatly to make sure your family can pay their bills and take care of everyday expenses with no added stress.

There are plenty of options for life insurance on the market today, and at Expert Financial we will work with you to find the best option and cover for you and your family. We are not tied to one provider either, so finding the best price is easy with our help.

  • Level Term Assurance – Pays out a specified amount if you die within a selected period of years.
  • Decreasing Term Assurance – Pays out a decreasing amount if you die within a selected period of years. The amount of cover would decrease in line with the mortgage amount on a repayment mortgage, or by a chosen percentage. This cover is cheaper than level cover.
  • Family Income Benefit – Pays out a series of regular tax-free lump sums that can be used as an income. The income is paid out when the person insured dies and is paid until the end of the policy term. The income can also be index linked so that it increases yearly to help counteract the effects of inflation.