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Life cover is a type of insurance that pays out a lump sum or income if you die while the policy is still in force.
Most commonly life insurance cover is taken to ensure your mortgage will be repaid, so that your family can afford to continue to live in your home. You might also set up a policy to protect your loved ones; for instance, to provide enough money for your family until your youngest child reaches adulthood.
The cost of your life insurance policy can be paid monthly or annually. Be sure to keep up with your payments – if you miss one, your policy may be placed “off risk” which means you’ll have no cover. Life insurance providers sometimes offer a “premium waiver” which pays your premiums if you can’t work due to ill health.
There are many variations of life insurance and different arrangements can suit different circumstances. Premier Financial Group can assist you in finding the right solution for you, from their independent panel of providers. Simply get a personalised life quote.
Under no circumstances should you cancel an existing life insurance policy until a new one has been arranged. Premier Financial Group is authorised & regulated by the Financial Conduct Authority
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