Life Cover

Type of cover

It is really very simple and with professional financial advice you can choose the type of cover that you require at a very competitive price.

select the correct amount of cover
the correct product and term (years) that you require
obtain a competitive quotation for your circumstances
obtain an immediate review now

When you are starting life policy you can decide if you want the policy to cover one or more persons by defining the policy as follows:

Single life

You are insuring one life only.

Joint life

You are insuring all lives named on the policy, but the policy will only pay out on one of the insured parties named in the policy, the first person eligible to claim under the terms of the policy.

Dual life

You are insuring all lives named on the policy, and the policy will pay out on all of the insured parties named in the policy, even after it has paid a claim on another insured party named in the policy.

The full range of life assurance products is available through Finance First however these are the main product types selected / requested by our clients. In all cases you need to fully understand the policy conditions to insure that the product you are taking meets your needs, your adviser will guide you through this process.

The term Mortgage Protection Insurance can best be described as any life assurance required / accepted by a lender to support the loan they are providing to the borrower. The cheapest form of assurance to support your loan is decreasing term assurance but you should consult your adviser on the product most suitable to you and your family’s needs and circumstances.

Decreasing Term Assurance

You select an initial sum to be insured over an agreed term for a fixed monthly/annual premium. The sum insured decreases each year until the end of the term, at which time all insurance cover ceases. There are no savings associated with this product.

Level Term Assurance

The client selects the sum to be insured over an agreed term for a fixed monthly/annual premium. The sum insured is maintained throughout the agreed term at the end of which all insurance cover ceases. There are no savings associated with this product.

Convertible Term Assurance

You select an initial sum to be insured over an agreed term for a monthly/annual premium. The sum insured and type of policy is convertible within parameters set out in the policy by the assurance company. However, you can amend the term and cover provided on the basis of your health status as defined by the assurance company at the time the policy was taken out. The premium you pay will be adjusted in line with the changes in your policy, based on your original health status. There are no savings associated with this product.

Whole of Life Assurance

You select the sum to be insured for a fixed monthly/annual premium. The sum insured is maintained throughout your life and you can build up an investment amount, or surrender value in the policy. So long as the policy has an investment value or you continue paying the premiums. Providing the policy remains in force up to your death it will pay out the agreed death benefit.

Protect you and your family against the unexpected Life insurance is not as costly as it once was, and we price match to get the lowest price on your behalf. Talk to us today, and we will explain, how life and home insurance works in easy to understand terms, at the very least, you will then know, if your current policy is suitable or not.

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