We all hope it never happens but the reality is that it does.
When a loved one suddenly dies it can leave the rest of their immediate family in a tough situation. They may struggle to pay the bills, mortgage and day to day living costs.
How much Personal Risk Protection do I need?
It is awful to see surviving family members struggling with mortgage payments after the unexpected death of a loved one. If the unexpected happens, most people want to be able to cover their major costs such as mortgage payment or rent, children’s education and care, credit card & hire purchase debt etc. How much protection you have is up to you, and depends on your individual circumstances. We can help you work out a plan that suits you.
Who is paid?
The lump sum is paid to the insurance’s policy owner.
Who can apply?
It can vary by insurer, but usually any person between the ages of 16 and 74 years can apply.
What is covered?
A good life insurance policy will provide cover in the event of a death through any cause.
What isn’t covered?
A claim can be refused if the person insured commits suicide within the first 18 months of the policy start date. The insurer may also decline a claim if there has been significant non-disclosure on the application form.
For more information or a free no obligation review of your insurance needs then please contact us