We offer advice from across the protection market.
We help you understand what level of insurance you need.
We will break down all the jargon and talk in your language.
Life insurance Cover
It might be difficult to think about, but would your loved ones be able to cope financially without you? Have you thought about whether Life Insurance is the sensible choice for you and your family?
What is Life Insurance?
Life insurance pays a cash sum to the people of your choice upon your death. It can also be known as life assurance, life cover or death cover.
The amount of money paid out depends on the level of cover you choose. And, you can decide who the money would go to whether family, your partner or other loved ones.
Life insurance provides the reassurance that those who depend on you will be looked after should you be no longer around to financially provide for them. It can also be used to cover the costs of things like inheritance tax liability, funeral costs and debts that are still likely to be there when you die.
Talk to us today about how you could ease the financial strain on your family if the worst were to happen to you. As an independent broker, we can advise from a wide range of providers to ensure you select the level of cover suitable for you. Simply contact us or fill in our form to get a quote.
Do I need Life Insurance Cover?
If you have loved ones, children and people who financially depend on you, Life Insurance Cover is a sensible option to consider.
We often advise our clients to think about your monthly expenses as a family or a couple. Would these still need to be paid if you weren’t around? Think about whether your household relies on your income to help pay those bills?
If your family is financially dependent on you, then you should consider some form of Life Insurance Cover. Simply contact us or fill in our form to get a quote.
What types of Life Insurance Cover are there?
There are two main types of Life Insurance Cover. These are as follows:
- Level term insurance. This type of cover pays out to your dependants if you die within a fixed term. You choose the length of the term. So you could choose to be covered for 20, 25 or 30 years for example. The amount you pay in premiums typically stays the same throughout the length of the term. And the policy pays out the same amount whether you die on the first day or the last day of the policy.
- Decreasing term insurance. This type of cover is generally to cover the amount left on your mortgage debt. So, as you pay off your mortgage, the amount of life cover you require and therefore the amount the policy would pay out reduces accordingly.
You can choose whether to take out single policy cover, of if you have a partner joint cover or two single life policies.
We can help you understand the benefits of all types of cover and advise you on what is most appropriate for your circumstances and family. As an independent broker, we can advise from a wide range of providers to ensure you select the level of cover suitable for you. Simply contact us or fill in our form to get a quote.
Should I consider other types of Protection or Insurance?
Life insurance only pays out on death so we would advise you to consider additional polices to ensure you are adequately protected. For example, you might consider critical illness cover which can be built into life cover or taken out on its own (standalone cover).
At Your Mortgage Expert, we offer independent advice on a range of personal protection insurance products to help look after you and your family. Some of these products can be complicated so it’s best to speak to someone to find out what’s most suitable for you.
Life Cover: The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
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“This was knight in shining armour stuff. Our conscientious mortgage broker was a delight to deal with from the off and the key to our dream home.”
Max and Martha, First Time Buyer customers from Cardiff
“Being in the Armed Forces I am away a lot, meaning it can be hard to attend meetings, answer emails and especially hard to fill in forms. Adam and his team were extremely helpful and understanding of our situation and provided help wherever they could. After our initial meeting where we provided our required details, we actually did very little of the hard work, apart from signing a couple of papers.”
Callum and Verena, First Time Buyer Armed Forces Mortgage Customer from Salisbury
“I expect my circumstances were fairly rare, but the help and guidance I received from you was invaluable. I feel that the personal touch you provide offers something that appeals to the soldier in me. During my service I always liked to have a point of contact, someone who was the “go to” specialist in their field. This provides a degree of assurance about a situation and it was refreshing to find that same degree of certainty transitioning to civilian life, particularly with something as important as a mortgage and buying our family home.”
Andrew and Helen, Armed Forces Mortgage Customers from Salisbury
“Even though we were used to having a mortgage on the rental property, paying a mortgage on your own home was still a bit of a shock after years of having married quarter rental deducted from your pay at source. But, at every step along the way, we felt reassured, understood and that we really mattered to Adam. Trust is an important concept for military families and we trusted Adam.”
Fiona and Graham, Armed Forces Mortgage Customers from Wilton
“As a contractor, it was difficult for me to obtain a mortgage through normal channels so it was great to find a mortgage adviser that specialised in contractor remortgages and understood the challenges. In addition, I had fairly tight timescales, so wanted someone who could make the process quick and hassle free.”
Andrea, Contractor Mortgage Customer from Warminster
“I am a contractor, therefore require specialist mortgage advice. Adam has now concluded two mortgages for us (new mortgage then a contractor remortgage), and is currently arranging a buy-to-let mortgage for us. He also arranged our life insurance for us. We keep returning to him for some great reasons – he is always available, and ready to help. He provides great advice, and always ensures that he meets our requirements exactly. He is prepared to explain things in such a way that even a lummox like me can understand, and his level of service has remained consistently good over the last three years.”
Matt, Contractor Mortgage Customer from Southampton
“Adam’s advice on the different types of critical illness and life insurance were really useful. He also worked with us to decide the best combination of policies that would work with our existing policies to cover our needs. When doing this he happily tweaked quotes for us until we came out with an arrangement that was both affordable and would provide us with the level of cover we thought appropriate.”
Hannah and Steve, Protection Insurance Customers from Stamford
“Adam provided us with factual advice and also with options of which we were unaware. The advice on gifted equity was something we hadn’t heard about and this assisted us hugely to ensure repayments worked within our affordability. He provided us with a very personal service that made the journey from initial call, to mortgage offer and completion hassle free. We have already recommended Adam to someone and will continue to recommend his services in the future.”
Saul and Laura, Home Mover Mortgage Customers from Salisbury
“Mike and I collected the keys to our flat this weekend and we couldn’t be happier. It’s been a long time coming but we got there! We just wanted to say a MASSIVE thank you for everything you have done for us so far. We’ve really appreciated all the help, advice and reassurance you’ve given us all the way through this process. It’s really nice to have a friendly voice on the other end of the phone.”
Mike and Bethan, First Time Buyer Mortgage Customers from London
“Without question Adam found me a deal the estate agent’s broker couldn’t. He was very easy to contact whenever I needed him and he took time to explain the ins and outs of the Help to Buy equity loan scheme mortgage that he found me. I would rate him five out of five and will be back to use him when the time comes to remortgage or move.”
Chris, Help to Buy Mortgage Customer from Southampton