Life Insurance
Life Insurance could pay out a cash lump sum if you die during the policy term. Your loved ones could use it to help pay off some or all off the mortgage, maintain their lifestyle or meet any unexpected bills. Alternatively you could take out decreasing life insurance. This could also pay out a lump sum, designed to help protect a repayment mortgage. The amount of cover reduces in line with the way a repayment mortgage decreases. We also offer a trust service to stop the payout being liable for inheritance tax and avoiding the long process of going through probate.
The Financial Conduct Authority do not regulate trusts and inheritance tax planning.
Reasons for thinking of getting life cover
- How would your family cover mortgage or bills if you passed away unexpectedly?
- Who would pay childcare costs for a single surviving partner?
- Who would pay so your family can maintain their lifestyle , food, clothing?
- Who would pay funeral costs or debts?
