Life Insurance from 20p per day
Protect your family with low-cost life cover
Whether you have a mortgage that you would want repaying in the event of your death, or if you want to protect your family against the financial difficulties they would inevitably have to face up to, you can now apply for Life Insurance from 20p per day.
Term Assurance is the cheapest form of life cover as it only covers you for as long as the term that you specify at the outset. This will usually be the number of years remaining on your mortgage or other loan or perhaps until your youngest child is of an age at which he/she would no longer be financially dependent on you. The monthly premium you pay depends on a number of factors, such as your age and how much cover you need.
Term Assurance rates are very competitive now just like Motor Insurance, but the main reasons that cover is so inexpensive is that there is no cash-in value at the end of the policy term and with life expectancy now 80+, the chances are you will never have to make a claim.
So why bother? Basically you are paying for your peace of mind. None of us like the idea of leaving our families with a financial burden and many clients tell me that they get a sense of satisfaction after they have put their protection policies in place, knowing that their loved ones are going to be taken care of in the event of the worst happening.
It is often a good idea to ask your Financial Adviser to write your policy in Trust. This means that the proceeds of the policy go to exactly who you would wish them to and it can also avoid a potential Inheritance Tax bill.
For a free, no obligation quotation, please email me at malcolm@hullmoneyman.com
