Life Insurance Support
Life insurance is designed to provide financial support for your family if you were to die or be diagnosed with a serious illness. It can help ensure everyday bills, household costs and longer-term commitments continue to be covered at a difficult time.
A life insurance policy pays out a specified cash sum if the insured person dies, or in some cases is diagnosed with a terminal illness during the policy term. This money can be used in any way your family needs, including covering living costs, mortgage payments or other financial commitments.
What Life Insurance types are there?
There are a wide range of life insurance options available. At Expert Financial, we review the market and help you choose the most suitable type and level of cover for your circumstances. We are not tied to any single provider, allowing us to compare options and find competitive pricing.
Types of life insurance include:
Level Term Assurance: Pays a fixed lump sum if you die within a chosen policy term.
Decreasing Term Assurance: Pays a reducing lump sum if you die within the policy term. The cover typically reduces in line with a repayment mortgage balance, making this option lower cost than level cover.
Family Income Benefit: Pays a regular, tax-free income if you die during the policy term. Payments continue until the end of the policy and can be index-linked to help protect against inflation.
