Introduction to Life Assurance

"There are hazards in everything one does, but there are greater hazards in doing nothing." - Shirley Williams

Most people think that nothing will happen to them. Please think again.

How is your family going to cope financially in the event of your premature death or belong illness?

What is Life Assurance

The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.

It can provide the reassurance of financial protection for you, your family and your business associates.

A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.

Even if there are no dependants who may be financially affected by your death, some Life Assurance policies could go towards covering funeral costs.

The type of Life Assurance and the amount of cover will depend on an individual's particular circumstances and requirements. Factors to consider will include age, dependants, level of income and financial liabilities.

Premiums are normally paid to the insurance company either monthly or annually for a fixed period of time or in some cases, until death.

Types of Life Assurance

While the overall concept of Life Assurance is fairly easy to understand, there are some complexities.

Most importantly, there are different types of Life Assurance products, covering Term Assurance, Whole of Life, Endowment policies and others.

However, because of the many options and flexibility, Life Assurance can be a powerful instrument in your financial planning toolkit.

Please be aware that in some cases this type of assurance is based on an assessment of the health of the applicant.

THESE PLANS TYPICALLY HAVE NO CASH IN VALUE AT ANYTIME AND COVER WILL CEASE AT THE END OF THE TERM.

IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

PROTECTION ENQUIRY FORM

Your Address

Cover Required

Renewable

I would like to include critical illness

Lives Assured

1st Life Assured

2nd Life Assured

Marketing Information

Sensitive Personal Data

We may need to collect sensitive personal data including information about your health, ethnic origin, or criminal prosecutions from third parties such as employers and credit reference agencies, fraud prevention agencies and other similar organisations in order to provide you with the services, for example where you require advice on protection or mortgages products.

If you consent to us obtaining your sensitive personal data from third parties referred to above for the purpose of providing you with the services, and sharing it with third party providers to obtain quotes on your behalf, for example where we are providing you with mortgage or protection advice as part of our services, please tick this box.

Submit your Information

From time to time, we would like to contact you about our products and services which we think you might be interested in. If you consent to us contacting you for this purpose please tick to say how you would like us to contact you.

How should we contact you?

Telephone

Post

Yes please, I'd like to hear about offers and services.

No thanks, I don't want to hear about offers and services.

Please tick this box to confirm you have read and understood our privacy policy.