Life Insurance, sometimes also referred to as Term Assurance or Level Term Assurance, is an insurance policy designed to pay-out a lump sum on the death of the life insured.
Life Insurance pays a cash lump sum to your family, or to someone else you’ve nominated, if you die. This can be arranged on a level basis, so the lump sum amount stays the same, or on a decreasing basis, where the lump sum amount decreases in line with your mortgage. There are also Family Income Benefit plans available, where a lump sum is paid annually or monthly to your family until the end of the term. Prestige Financial Solutions will review a customer’s whole situation to make sure that we can recommend the correct cover and life insurance provider for their circumstances.
You pay a fixed rate of payments over a fixed period of time and have the flexibility to choose either single or joint cover. This is a really valuable and cost-effective form of personal protection to give both you and your family peace of mind.
For more details on Life Insurance Cover, or for more information / enquiries on Personal Protection / Advice, please contact Prestige Financial Solutions