Life Assurance

Protection and peace of mind for you and your loved ones.

What is Life Assurance?

The main purpose of Life Assurance is to provide money for those people who may depend on you financially in the event that something should happen to you. These people could include family members or business partners.

It can provide the reassurance of financial protection for you, your family and your business associates.

A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.

Even if there are no dependants who may be financially affected by your death, some Life Assurance policies could go towards covering funeral costs.

The type of Life Assurance and the amount of cover will depend on an individual's particular circumstances and requirements. Factors to consider will include age, dependants, level of income and financial liabilities.

Premiums are normally paid to the insurance company either monthly or annually for a fixed period of time or, in some cases, until death.

Types of Life Assurance

While the overall concept of Life Assurance is fairly easy to understand, there are some complexities.

Most importantly, there are different types of Life Assurance products, covering Term Assurance, Whole of Life, Endowment policies and others.

The many options and flexibility of Life Assurance can make it a powerful instrument in your financial planning toolkit.

Please be aware that in some cases this type of assurance is based on an assessment of the health of the applicant.  

THESE PLANS TYPICALLY HAVE NO CASH-IN VALUE AT ANY TIME AND COVER WILL CEASE AT THE END OF THE TERM. IF PREMIUMS CEASE, THEN COVER WILL LAPSE.

STOCK DATA
ValueMove%
FTSE 100
7952.6220.64 0.26
FTSE 250
19884.7374.07 0.374
FTSE 350
4383.2112.07 0.276
FTSE All Shares
4338.0512.12 0.28
Dow Jones
39807.3747.293 0.119
Nasdaq
16379.458-20.063 -0.122

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