Life insurance protects you and your family in the event of death, during the policy term. The policy provides your nomintated beneficiaries with a tax free lump sum payment which can help towards covering mortgage re-payments, bills, debts and family living expenses.
Our RSC advisor will discuss and understand your commitments and income to devise the most suitable cover for you.
The amount you pay in premiums, either monthly or annually will vary depending upon:
- Your age, occupation and lifestyle (e.g. health and smoker status)
- The sum assured
- The length or term of the policy
Level Term Insurance will give you the same amount of cover throughout the life of the policy and pay out that amount if you make a claim.
Decreasing Term Insurance will decrease over the term, usually to match the decreasing balance on a repayment mortgage, and pay out the current amount when a valid claim is made.