Find a reliable life insurance policy that offers your loved ones financial support, should you pass away. The right cover can provide much-needed relief in the most troubled of times.
Make Sure Your Family is Taken Care of After You Have Gone
No one wants to think about what will happen when they pass away but as a homeowner, it’s something you should consider and provide for.
Whether you are a joint or sole income earner, a reliable life insurance policy will pay out a lump sum that can help your family continue life as comfortably as possible.
Life insurance can’t bring back a loved one, but it can provide the assurance that your dependants will be looked after if you are no longer around to provide for them.
If you are not around to help cover the mortgage payments, then the family home could be at risk of being repossessed. Life insurance will provide financial support after you have gone.
In the event of your death, your family will be given a lump sum that they can use to keep the family home and cover other expenses. The policy will usually pay out no matter what the cause of death.
Choosing the Right Type of Life Insurance
There are two main types of life insurance: –
- Level term insurance policies pay out if you die within the fixed term chosen by you — 25 years, for example. The premiums stay the same, as does the pay-out whether you die on the first day or the last day of the policy.
- Decreasing term insurance policies pay out if you die within a set number of years. The pay-out decreases over the policy term, usually in line with a declining debt, such as a repayment mortgage.
Couples can take either joint life cover or two single life policies. Joint cover is cheaper, but only pays out on the death of the first partner.
There are two main types of life insurance: –
- Level term insurance policies pay out if you die within the fixed term chosen by you — 25 years, for example. The premiums stay the same, as does the pay-out whether you die on the first day or the last day of the policy.
- Decreasing term insurance policies pay out if you die within a set number of years. The pay-out decreases over the policy term, usually in line with a declining debt, such as a repayment mortgage.
Couples can take either joint life cover or two single life policies. Joint cover is cheaper, but only pays out on the death of the first partner.
Increasing Cover Option
You can choose increasing cover to help protect the pay-out against inflation. Every year, we’ll give you the option to increase the amount you’re insured for by the Retail Prices Index (RPI), without the need for further medical evidence. Your premium will increase proportionally to reflect the higher cover.
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We Take the Stress Out of Finding Life Insurance
Choosing the right life insurance policy can be stressful. You want to make sure you choose a policy that will offer your loved ones financial relief, but you also need to ensure your monthly premiums are affordable.
At Better Protect, we do the hard work for you. We work exclusively with Legal & General, one of the UK’s top insurers, to find the right level of cover for you and your family and to make sure you never pay more than you have to.
We can also pair life insurance with critical illness cover for enhanced protection against the unexpected.
We will never push you into a policy that isn’t right for you — we will simply help you find the best cover for your needs, without the hassle and time-consuming processes that often comes with finding an insurance policy.
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