Life Insurance
Peace of mind for when you need it most
What is Life Insurance?
Life insurance offers financial security for your family in the event of your passing.
It allows you to leave a designated sum of money to your loved ones, helping them maintain their quality of life and manage their expenses. You can select either an individual policy for one person or a joint policy that covers two individuals.
In many cases, individuals with pre-existing medical conditions can still qualify for life insurance. At Lifetime Planning, our expert advisers will discuss your circumstances and will work to find the most suitable policies for your needs.
How does it work?
Life insurance generally provides a lump sum payment that can help sustain your dependents’ standard of living or settle a debt, like a mortgage.
You have the flexibility to select the coverage amount (referred to as the sum assured) and the duration of the policy (the term). If you were to pass away during this period, the benefit will be paid out.
Broadly speaking there are three main types of cover:
level
The coverage amount stays consistent throughout the duration of the policy.
Decreasing
The coverage amount decreases over time, as the name suggests. This type of insurance is commonly used to protect a repayment mortgage.
Increasing
The coverage amount increases in value over time. The amount insured increases each year, usually in line with inflation.
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You voluntarily choose to provide personal details to us via this website. Personal information will be treated as confidential by us and held in accordance with the Data Protection Act 2018. You agree that such personal information may be used to provide you with details of services and products in writing, by email or by telephone. By submitting this information you have given your agreement to receive verbal contact from us to discuss your requirements.
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