Life Insurance

Life Insurance, also known as life assurance, is a policy that pays out a sum of money upon death of the policyholder or insured person.

You don’t have to have a mortgage to take out a life insurance policy, however if you are applying for a mortgage we strongly recommend that you consider some form of cover.

Why?

  • So that your mortgage is repaid in the event of your death.
  • So that your family does not fall upon hard times in the event of your death.
  • So that childcare expenses are covered in the event of your death.
  • To enable the continued payment of your children’s school/university fees in the event of your death.

The priorities of most people include: –

  • Avoiding burdening others with your debt
  • Ensuring that your family can maintain the standard of living to which they are accustomed

We provide: –

  • Level term insurance – designed to pay out a sum of money if the policyholder dies during the policy’s term. The sum assured is guaranteed and remains unchanged throughout the term.
  • Decreasing term insurance – where the sum decreases during the policy. It is regularly used to protect capital and interest repayments on a mortgage.
  • Increasing term insurance – due to inflation the value of money declines each year. This form of insurance combats that by increasing the level of cover over the term of the policy.
  • Family income benefit – a term life insurance product that, as the name suggests, is designed to provide an income to dependants in the event of a claim, rather than a cash lump sum.

Contact us for the full range of insurance options and to discuss your insurance priorities.

The products detailed above are not investments and have no cash-in value at any time.



What Our Clients Are Saying...

'Congratulations to you and all of the Staff on winning the prestigious Service Award from Bridgend county Borough Council. From all of your friends at Bridgend Male Choir.' - Mr JG

Read More