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Significant milestones in our lives such as buying a home, getting married and having children create new priorities in our lives. Often it is these priorities that lead us to take out financial protection, and also why it is essential for us to review our cover to ensure it is still appropriate.
Life insurance provides financial stability to your chosen beneficiaries in the event of your death. The financial support could be used to help repay a mortgage or provide an income to the remaining family members who were dependent on your salary.
Whatever type of life insurance you require, whether protecting your mortgage with a decreasing term assurance policy or your family with a level term assurance policy, we will find a solution to meet your needs.
Often when you take out a mortgage it is a good idea for you to have financial protection, in the form of life insurance, to ensure you will be able to repay the money you borrowed from the lender.
If you died without life insurance during the term of your mortgage, your family may struggle to meet the payments and the lender may have to repossess your property. Depending on the type of mortgage you have, a decreasing term or level term life insurance policy should meet your needs.
LEVEL TERM ASSURANCE
If you need a set level of financial protection for a set period of time, level term life insurance is designed to meet those needs.
It is structured to pay out a fixed lump sum if the policy holder dies during the term of the policy. Often a lump sum of cover is used to provide financial security to family members and enable them to continue living at a similar standard without the policy holder’s income.
Contact us today to discuss your requirements and find out how we can help you.
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