…and life insurance can provide this cheaply and effectively.
If you have a mortgage and die, the loan is not paid off – it still needs to be repaid, either all at once or maintaining the monthly interest and repayment terms of the mortgage. Your partner may be unable to pay for the mortgage if you were to die, and the lender may insist upon some form of life cover to reassure them that the loan amount is covered if you die. Either way, appropriate life cover being in place will pay off the loan, so your lender is assured and your partner knows that they will not have to worry about repaying the mortgage from their income alone if you were to die.
This is a lower cost option as it will only pay the insured sum if the life assured dies within the term of the contract. This is commonly used to provide your loved ones with a lump sum in the event of your death in the following circumstances:
This cover is greater cost than term assurance, as payment of the sum insured is guaranteed – irrespective of when the death of the person covered happens. There are many circumstances when this will be more appropriate:
We offer a full range of financial advisory services in Liverpool, the wider Merseyside area, Manchester, Southport, Maghull, Wirral, Warrington, Widnes, Chester and the north of England to help you manage your wealth.
Make sure your business is prepared to deal with whatever is thrown at it with business protection services such as key man insurance and life cover.
Making the wrong decisions when investing money can be very costly. Our financial planning services give you the advice you need.
Whether for you or your employees, pension planning is a key part of preparing for the future. We can advise on the best options for you.
Often people have a need to ensure there is an amount of money available in the event of their death. We can advise the options that you have.
A key part of planning for your retirement is knowing what you want to get from your pension and other investments. There are many options available.
Effective tax planning is a key part of managing your finances, but it can be complicated. Our financial advice can help you find the best course.
The tax that is due to be paid on your estate when you die can be complex so planning how best to pass on your wealth is really important.
We would be delighted to help you start on your financial planning journey. Why not get in touch with us and arrange an initial chat?
If you wish to speak our one of our Independent Financial Advisers in the Liverpool and surrounding areas, we would be delighted to help you start on your financial planning journey. Why not get in touch with us and arrange an initial chat?
Manchester | Merseyside | Maghull | Wirral | Southport | Formby | Warrington | Widnes | Chester | Cheshire | Knutsford | Macclesfield | Bolton | Chorley | Leyland | Northwich | St Helens | Wigan
