LIFE PROTECTION
Life Assurance is usually associated with mortgages and the protection required by lenders, should you or your partner die during the term of the mortgage. Whether you are a career woman with a family, or are spending time at home caring for the children, equally important is the requirement to protect your family in the event of your unexpected death.

No one likes to think of their own death, nevertheless, if you have a family, it is necessary that finances are available to help with the costs of maintaining the family budget.

For example:

	Child care
	Possible continued school or university funding
	Household expenses
	Clothing

The list is endless, yet with some forward planning, it is possible to secure your family’s future.

You know that you need life cover, yet with the variety of plans available, don’t know which type is right for you. We have provided for you a brief explanation of the most popular plans to help you decide.

When you have looked at the information, ring for a brief chat and your free personal quotation.

Term Assurance
This is normally the lowest cost of life assurance as there is no surrender value to the plan. The policy is arranged for a specific number of years and can be cancelled at any time without penalty.

Pension Term
Life assurance used with a pension policy, where you receive tax relief on the premium at your highest rate. There is no surrender value to this plan and the cover lasts until your normal retirement date. This is used to provide protection for your family in the event of early death and is similar to term assurance.

Whole of Life
Despite the title, this is usually a ten-year reviewable policy where, at the end of the period, if cover is still required, the insurance company will review the premium and possibly increase the cost. There may be a surrender value to the plan as your money will be invested on your behalf to provide the life cover you are seeking with the possibility of a small amount of savings.

This type of policy is most suitable for Inheritance Tax (IHT) or long term life assurance, when you are unsure of how long you will need the protection, and it is expected to be for at least ten years.