Comprehensive life insurance needn’t cost the earth
It’s a conversation that no one wants to have; but with a Life Insurance policy, arranged by Precision Financial, you can rest assured that if the worst should happen, your family will be financially secure.
Peace of mind
Should you pass away unexpectedly expenses such as education, mortgage payments and other household bills can cause a huge strain during an already distressing time. Provide your family with financial help with Life Insurance, designed to pay out a lump sum if you pass away during the term of the policy.
Life insurance explained
Life insurance can seem like a complicated product but put simply it is a contract between you and an insurer which aims to pay out a cash sum if you die during your chosen policy term. There are two main types of policies:
- Level Term – The amount paid out is fixed over the lifetime of the policy, so the purchasing power will be reduced by the effect of inflation
- Decreasing Term – Decreases the amount paid out over the lifetime of the policy in line with mortgage or loan repayments.
Other types of cover
There are other products available designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk
If you are ready to protect your loved ones request a free no-obligation quote here.