Life Cover Life Insurance policies pay out if you die within a specified period. This is usually the cheapest way to provide financial protection for your family in the event of your death. Why do I need life insurance? Coming to terms with the loss of a loved one is never an easy thing to do and adding financial burden to the grief can make coping increasingly difficult. Receiving a lump sum of money can help to support your family or even a business partner after you die. Some of the reasons to take out life insurance could include: Mortgage Repayment Covering childcare costs Education expenses Whatever the reason it is important to ensure your family can maintain the standard of living to which they were accustomed. There are various types of life assurance policies Level Term The same level of cover is maintained throughout the policy term and can be used in conjunction with an interest only mortgage. Decreasing Term Assurance The policy pays out an amount (sum assured) which reduces throughout the term of the plan and is mainly used to protect repayment mortgages. Convertible Term Assurance The sum assured stays the same for the term of the policy. However, for an additional cost you will have an option to convert this original plan, or part of it, to another type of policy. Family Income Benefit Family Income Benefit (FIB) provides a tax free regular income which is paid out for the remaining term of the policy if you die. FIB can provide a replacement income and may be index-linked to inflation. Death in Service Benefit Death in service benefit is the name for cover, which can be provided by your employer if you die while employed. Critical Illness Insurance that pays a lump sum if you you're diagnosed with a specified critical illness covered by your policy. Our experienced financial advisers will be able to help guide you through the most suitable critical illness cover options available to you. They can discuss at further length with you, a suitable level of cover to best suit your individual requirements. Please complete the contact us form and we will get back to you to discuss your requirements.