Life Insurance | Louise Daniels Mortgage Services | Leicester

Where can I find the right life insurance products?

Life insurance is pretty self-explanatory, it pays out a cash lump sum to your loved ones in the event that you pass away during the term of the policy. Life insurance provides peace of mind to the ones that matter the most to you.

 

Life insurance cover is designed to provide financial security to your family should you no longer be around to support them. You can even include Critical Illness cover with your Life Insurance policy if you are worried about falling critically ill. 

Three pillars of protection insurance market

They are Life Insurance, Critical Illness cover and Income Protection, each of the life insurance products cover very different risks, so it’s important to know the differences between them before you make any decisions.

But let’s admit it, traipsing through all the different kinds of life insurance can be tiresome, especially if you don’t know what you’re looking for. But rest assured, Louise will point you in the right direction.

Life Insurance Cover

Life insurance is pretty self-explanatory, it pays out a cash lump sum to your loved ones in the event that you pass away during the term of the policy. Life insurance provides peace of mind to the ones that matter the most to you. Life insurance cover is also designed to provide your family with financial stability during a difficult time for them.

When set-up correctly the benefit payment is paid out tax-free to your beneficiaries to use however they see fit. It could be used to pay off a mortgage, clear any outstanding finance or to use as an ongoing income to help with everyday living costs.

Most people consider obtaining life insurance cover at key points during their life such as getting married, buying a home or having a child. Also if you’re the primary breadwinner of the household, it’s definitely something you should consider putting in place.

When considering whether you need this form of protection, ask yourself how your loved ones would cope should the worst happen to you? From a financial standpoint would they be able to continue life as normal? Or would they struggle significantly?

Common sense prevailing, most individuals see life insurance as a very important form of protection that they should have in place, especially if they or the family have any significant outstanding debts, such as a mortgage.

Louise understands that it’s not the most pleasing thought if something should happen to you. But in the event that it does, you want to be prepared in the best possible way. You don’t want your family facing financial hardship when you are no longer around to care for them. Louise knows that you want to remove any financial pressure from your loved ones so they can focus on dealing with your loss and getting back up on their feet.

You can even include Critical Illness cover with your Life Insurance too if you are worried about falling critically ill.

Critical Illness Cover

The three most common critical illness claims are for:

  • Cancer

  • Heart attacks

  • Strokes

Critical illness can prove to be a valuable lifeline in the event that you fall critically ill and it can protect you in a major health crisis. You can use the payout from a critical illness policy to repay a mortgage, keep up with bills or adapt your home to make life easier during recovery.

It can even be put towards things like care costs, medical bills and even travel abroad for treatment.

Similarly, with life insurance, ask yourself the same question to help identify if critical illness cover is suitable for you: would your family be able to cope financially if you were to become seriously ill and could no longer earn a living?

Unfortunately, no one can ever be sure what life has in store for them and a serious illness could strike at any time. Statistics show the risk of many critical illnesses is rising in the UK, even among younger people of working age. So if you’re worried about falling critically ill, this type of cover is worth having.

Income Protection

This type of insurance provides a real lifeline if you are unable to work, as it provides regular income if you are signed off work for any medical reason that prevents you from doing your job.

Income protection makes being unable to earn less of a worry, as it ensures that you continue to receive a regular income until you retire or are able to return to work.

 

If something happened to you would you be able to survive on savings, or on sick pay from work? If not, you’ll need some other way to keep paying the bills and you might want to consider income protection insurance

Why Talk to Louise

Louise is on hand to answer any questions you may have and provide guidance to ensure that you can make an informed decision when considering life, critical illness and income protection insurance.

If you’ve got a question you’d like to ask, you can speak to Louise over the phone and utilise her knowledge.

LOUISE DANIELS MORTGAGE SERVICES

Louise Daniels Mortgage Services is an Appointed Representative of PRIMIS Mortgage Network which is a trading name of Personal Touch Financial Services Limited.

 

Personal Touch Financial Services Limited is authorised & regulated by the Financial Conduct Authority.

Contact

8 Kielder Close, 

Narborough, Leicester, 

LE19 3YW

Tel: 01162 869 131

Mobile: 07790 037617

Email: louise@ldmortgageservices.co.uk

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Louise Daniels Mortgage Services act as a credit broker not a lender.

Mortgage fee: I typically charge a fee of up to £370 with 50% of the fee upfront with the balance paid on completion.

We are not authorised to provide advice on Private Medical Insurance but can introduce you to an authorised and regulated Financial Adviser who can provide you with specialist advice in this area. The Financial Conduct Authority does not regulate Will Writing and Inheritance Tax Planning Advice.

 

The Financial Conduct Authority does not regulate most Buy to Let Mortgages.

The Financial Conduct Authority do not regulate conveyancing activities.

Wills are not regulated by the FCA and clients information can be passed to an outside company called Charlie Bridges Wills & Estate Planning Ltd. Information will only be shared to a third party with their permission. The Financial Conduct Authority does not regulate Will Writing and Inheritance Tax Planning Advice. These products are not regulated by the FCA and we are not authorised via PRIMIS Mortgage Network to advise on them.

© Louise Daniels Mortgage Services 2019

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