Nobody wants to think about bad things happening, and that’s why many people avoid talking about life insurance or the need for it altogether.
However, even though it’s a bit of a tricky subject, life insurance should be a priority if you haven’t got any in place. That’s because if something were to happen, life insurance could help make sure your loved ones are looked after, after you've gone.
Life insurance can help pay the mortgage, or provide financial support to the family left behind after a loved one dies. Money may be the last thing on their minds at a time like this, but whatever happens, bills still need to be paid – and life insurance can help with that. After all, losing a loved one is hard enough without having to deal with increased financial burdens too.
Whether just protecting your life or on a joint basis with your partner, term assurance can be purchased to provide level cover that stays the same throughout the term of the policy or if protecting a mortgage, decreasing cover that reduces in line with your mortgage over the term of the policy.
Critical illness cover can be purchased as a standalone product or added to most level term life insurance and decreasing term life insurance policies for an additional premium. By adding Critical Illness benefit the policy will pay out either on death or the diagnosis of a specified critical illness, whichever event occurs first.
At globalmarketcompare.com you can be sure to have a comprehensive range of illustrations available to you through our partners at theidol.com. We have teamed up with theidol.com as they are leaders in being able to provide a range of products to meet your needs and importantly can provide a comparison based upon different features to suit your individual circumstances.
As with ourselves they are also regulated by The Financial Conduct Authority to give you utmost peace of mind.