Our simple 3 step process
Our goal is to help you make a better future through smart financial decisions.
Great deals on mortgage and life insurance
We’re here to match the right life insurance to your priorities and budget. There are two types of life insurance:
With this option, you’ll get a fixed sum agreed with your insurance provider if you die.
You’ll get an amount depreciating until your policy ends. This covers your mortgage repayment, which will also decrease over the years. It’s the cheaper option as the payout gradually reduces.
How Does Life Insurance Work?
When you take out a life insurance policy, you agree to pay a monthly or annual premium to the insurer. You’ll choose the length of the policy, the amount of cover, and the type of life insurance that suits your needs. Information about your health and lifestyle is also required, as these factors help the insurer assess the level of risk.
If a claim is made and approved, the insurer pays the agreed sum to the named beneficiaries. They can use this money however they choose, from covering household bills to paying off debts or simply maintaining their standard of living during a difficult time.
What Are the Benefits of Life Insurance?
There are many reasons to invest in life insurance - not only to protect your family’s financial well-being but also to give you peace of mind.
- Financial security for loved ones. The main benefit of life insurance is the financial safety net it provides to your family if the unexpected happens.
- Cover for debts and living costs. The payout can help clear your mortgage, pay ongoing bills, or fund childcare and education.
- Peace of mind. Knowing your dependents won’t be financially vulnerable can reduce stress and help you plan confidently for the future.
- Customisable cover. Choose the amount, length, and type of cover that best fits your situation.
- Affordable options. Life insurance can be surprisingly affordable, especially if you take out a policy whilst you’re younger and in good health.
Term Life Insurance
Term life insurance provides coverage for a fixed period, normally 10, 20, or 30 years. If you pass away during this term, the policy pays out a lump sum to your beneficiaries. If you outlive the term, the coverage ends with no payout.
There are different variations of term life insurance:
- Level term. The payout amount remains constant throughout the policy term, making it easier to plan your finances.
- Decreasing term. The payout reduces over time, often aligned with a repayment mortgage balance, so the benefit decreases as your debt reduces.
- Increasing term. The payout increases each year to keep up with inflation, helping maintain the value of the payout over time.
Joint Life Insurance
Joint life insurance covers two people, usually partners or spouses, under a single policy. It usually pays out a lump sum on the first death, after which the policy ends. This can be a cost-effective way for couples to secure financial protection for their family.
Leading the way in insurance
As well as mortgages, we also provide great insurance services through our 5* Defaqto rated home insurance provider.
