ADVICE for PROTECTING LOVED ONES WITH

Life Insurance

Life insurance is one of those things that everyone should have but nobody wants to use. Though not an obligation, taking out life insurance gives you added peace of mind that your spouse and children will receive a lump sum if you were to die, which could be used to pay off the mortgage or simply ensure that they continue living in your family home.

As qualified advisors based in Hull and East Yorkshire, the specialists here at Mortgage Advice Firm can help you to explore life insurance policies and choose one that suits your circumstances, budget and expectations.

Please note, for these insurance products term and conditions apply. This information is a summary only. You will receive full policy documents upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.

Your guide to life insurance

Wondering how life insurance works and whether it’s right for you? Below you’ll find a few of the most common questions about life insurance with clear answers from our advisors. For more information and tailored advice, get in touch with our team today for a friendly and helpful chat.

common QUESTIONS

What is life insurance?

Life insurance, also referred to as life cover, is a policy designed to pay out a lump sum to your designated beneficiary in the event of your death. Depending on the policy, a lumpsum may also be paid in the event of terminal illness or critical illness.

For tailored advice on life insurance, get in touch with our professional advisors today.

Why should I take out life insurance?

Many of our clients take out life insurance in order to protect loved ones and ensure their financial security in the event of the policy holder’s death. For instance, the lump sum could be used to pay off the mortgage, settle other debts, or simply continue living in financial comfort.

For tailored advice on life insurance, get in touch with our professional advisors today.

I have pre-existing medical conditions. Can I still get cover?

Potentially, yes. Each application and policy is assessed on its disclosures. Depending on the precise nature and extent of your medical conditions, your policy may be rated, which means that there’s an increase in monthly premiums. Alternatively, the policy provider may stipulate an exclusion relating to any pre-existing medical conditions, which is why it’s crucial that you provide all of the information required and choose wisely.

For tailored advice on life insurance, get in touch with our professional advisors today.
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Do I have to take out life insurance?

Whether or not to take out life insurance is very much your decision. However, it’s a popular and effective way to protect loved ones (such as your spouse and children) from financial hardship in the event of your death.

For tailored advice on life insurance, get in touch with our professional advisors today.