Life Assurance

Quite often you hear ‘it could never happen to me’ or ‘I’ll sort it out later’. Well the old maxim of “failing to plan is planning to fail” is no better suited to the ignoring of crucial decisions on protection.

What is it?

A Term life insurance plan is the most basic form of life insurance and is usually the cheapest way to insure your life. It covers you for a fixed period and pays out a one off lump sum if you die during the policy term.

With some term insurance policies you can add additional options, for instance critical illness cover. If you do add on critical illness cover, the plan will pay out once on diagnosis of a qualifying critical illness or if you die during the term of the policy.

 

Who is it for?

This type of plan is designed for those who want to leave a lump sum in the event of their death within a specified time period whilst keeping the cost to a minimum. Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away. We can help you find the plan that best meets your requirements.

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Judith Atherton trading as The Mortgage People (Northwich) is authorised and regulated by the Financial Conduct Authority (Registered Number: 304246).

We may charge a fee for arranging your mortgage - typically this will be £350. We also offer a "fee only" option (typically £950) where we would refund any commission received from the lender to you. We will charge 50% of our fee at application and the balance when the mortgage offer is issued.

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