The benefits of taking out life insurance
- Financial security for your loved ones: If something were to happen to you, life insurance would provide your family with a lump sum of money to help them pay for expenses such as funeral costs, mortgage or rent, and living expenses.
- Protection for your business: If you’re a business owner, life insurance can be used as a key person policy to provide financial protection for your company if something were to happen to you.
- Tax benefits: Life insurance policies in the UK can be written into trust, which means that the death benefit is paid free of Inheritance Tax.
- Peace of mind: Having life insurance gives you the peace of mind that your loved ones will be taken care of if something were to happen to you.
- Flexibility: Life insurance policies come in different types, such as term life insurance and whole of life insurance, and can be tailored to suit your needs.
- Growing Cover : Some policies will increase the coverage on the policy automatically with age, without the need for additional medical examination.
- Cover for serious illness: Some policies will provide a payout if you are diagnosed with a serious illness, such as cancer or heart disease, which can be used to pay for medical expenses or to make adaptations to your home.
Speak to one of our experts who will discuss the various options available and whether you actually have a need for Insurance. Not everyone’s circumstances dictate they require Insurance but its worth checking!