Get in touch with a LifeSearch advisor
We’ve chosen to partner with LifeSearch to offer you independent advice on which protection products are right for you.
LifeSearch personal protection products
Reasons to choose life cover
It’s designed to provide a financial safety net to your family when you’re no longer around. Your family can use the money however they like, but often it helps to pay off the mortgage and cover rent, household bills and living costs
Why taking advice makes the difference
Choosing the right life cover is a pretty important decision and might seem pretty daunting at first; but don’t worry – we’ll help you get it right. You probably have a lot of questions and wonder where to start, just give LifeSearch a call and they’ll take you through your options.
Critical Illness Insurance
Reasons to choose critical illness cover
Unfortunately, illness can strike at any time, often unexpectedly and can sometimes leave families facing financial hardship – particularly if the main breadwinner can no longer work. In these circumstances, a critical illness policy is designed to support you and your family financially, however that looks for you; whether it be to pay off outstanding debts, like a mortgage, to cover private medical treatment, or even just to stay on top of monthly bills.
Why taking advice makes the difference
Different policies cover different illnesses – LifeSearch will help you choose what matters. Like most things in life, you get what you pay for and the cheapest isn’t always best.
Income Protection Insurance
Reasons to choose income protection insurance
Imagine you succumb to an injury in the workplace, which leaves you unable to work; being self-employed may leave you without the benefit of sick pay. Could you realistically cover your monthly bills and expenses if you’re unable to work due to any sickness or injury?
Income protection insurance can provide, usually up to 60-70% of your gross monthly salary. You’re more likely to be off work from sickness or an injury, than you are to pass away before retirement, so this is the most essential cover available – as SSP (statutory sick pay) usually won’t be enough to cover the average household’s bills.
Why taking advice makes the difference
Income protection is one of the most important types of cover, as without a regular income you could struggle to pay the monthly bills. Even if your budget is tight – LifeSearch will help you prioritise which cover is best for you. Being unable to earn is less of a worry when you know that up-to 70% of your wages are protected.
Life Insurance Faqs
What is life insurance and how does it work?
Life insurance is a financial safety net for your loved ones. Should the worst happen, a cash lump sum will be paid out directly to the beneficiaries of your choice, to relieve any financial pressures in an otherwise, very difficult time.
A policy is usually bought to cover the period (or term) that your family most need help i.e. during a mortgage term, or when your children are financially dependent on you.
How much does life insurance cost?
With life insurance, there’s no straight forward answers. It depends on a number of things; your health, age, smoker status, the amount of cover you’re after and even your occupation and hobbies.
Read more about the average cost of life insurance here.
What types of Life Insurance are there?
Life Insurance can cover various financial needs that can be covered using the different types below:
- Level term assurance – a fixed lump sum that could be used to support your family’s future financial needs, for example children’s education fee’s, property deposit, debts, etc
- Decreasing term assurance or mortgage protection – a lump sum that reduces over the term set. This policy would usually be taken out to cover a repayment mortgage balance.
- Family income benefit – this policy pays a tax-free lump sum and could be used to replace a family’s loss of income due to death and help towards living expenses.
Get in touch with a LifeSearch advisor
We’ve chosen to partner with LifeSearch to offer you independent advice on which protection products are right for you.