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For most people the overall objective of life insurance is to maintain standards of living for their dependents on the event of their death.

Life and Health Care insurance is overlooked by many people, with two in three people in Britain having no life insurance cover other than to cover their mortgage
Life insurance is a simple means by which you can plan for the future, giving yourself peace of mind that your family will be financially secure after your death.

Our insurnace services provides information that can be used to help you decide whether you need life cover, and if so what type of insurnace cover is most suitable and how much that cover should be for.
Everyone's circumstances vary, but you might consider life insurance if you have any of the following 'outgoings':

Paying off a mortgage
Paying off loans and other debts
Family income needs
Emergency funds
Family education costs
Estate costs
Possible inheritance tax

Before committing yourself to life insurance cover it may be worth checking your employment benefits at work as some employers include life insurance as part of your employment package. Also, if applicable, check your company pension scheme as some provide a pension and/or lump sum for your family after your death.

Different types of term insurance are available:

'level' - a lump sum is payable on the event of death. This lump sum remains constant throughout the period of the life insurance term. This is the most common form of life insurance.

'decreasing' - a lump sum is payable on the event of death. This lump sum decreases by a fixed amount during the period of the term, decreasing to nil by the end of the insured period. This form of cover is usually used for mortgages or other loans where the amount owed decreases year on year.

Single and joint life plans are available. A single life plan insures one life. A joint life first death plan insures two lives but only pays on the first death.

Premiums will depend on the sum to be insured, the period of insurance cover, your age, your sex and whether you smoke or not. A non smoker is usually defined as someone who has not smoked for at least twelve months. Premiums for women are generally lower as on average they tend to live longer.

Waiver of premium provides a means of insuring your life insurance monthly premiums. In the event that you are unable to work through ill health, payments are made until the end of the policy term, a specified age or until you are able to return to work.

It is usually purchased as an optional extra with your life insurance policy. This type of policy does not normally cover unemployment.

As with all insurance products, the terms and conditions of policies do vary so check the policy criteria in detail before committing yourself.

Counselling: Counselling may be included to help your family cope with your death.
Guaranteed Premiums: Guaranteed premiums ensure that the premiums remain the same throughout the duration of the policy term. Alternatively 'reviewable premiums' require the premiums to be reviewed periodically, typically every five years, meaning that premiums can increase dramatically following review.
Trusts: Can the policy be set up in a trust? This can avoid delays in money going to dependents and can avoid the risk of having to pay inheritance tax.