Reasons Behind Life Insurance Policies

Taking out a life insurance policy ensures that should you pass away during the term of that policy, your loved ones will receive a lump sum of money directly linked to the regular premiums you have paid into the policy before you passed.

For most life assurance cover there isnbt a cash-in value that can be used prior to the death of the person the policy covers, what it does provide is peace of mind that in the worst case scenario your family and loved ones have the financial support to help them continue with their lives and to pay for any costs associated with your death.

As well as the traditional, standard life insurance policies there are always other options for life insurance depending on your personal circumstances. You can either add on an extension to your standard policy at no extra cost, or pay increased premiums throughout the policy length. These can include terminal illness cover where a pay out occurs as a terminal illness is diagnosed, critical illness cover, life event changes and a waiver of premium, where premiums are paid on behalf of the Policy Holder.

If you would like to find out more about life assurance cover from Central Mortgages, call our team and we can discuss your personal situation and the reasons behind your desire for a life insurance policy. Webre here to help safeguard your familybs future in the event of your death.