Off the shelf policies are not always the best. Contact us and we can talk through your options.
A Term life insurance plan is the most basic form of life insurance and is usually the cheapest way to insure your life.
It covers you for a fixed period and pays out a one off lump sum or an income benefit (depending on the type of policy) if you die during the policy term.
Who is it for?
This type of plan is designed for those who want to leave a lump sum or provide a fixed regular payment in the event of their death within a specified time period whilst keeping the cost to a minimum. Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependents. It can be used to cover a mortgage, other loan or to ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away. As Whole of Market Protection Advisors we can help you find the plan that best meets your requirements.
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.