Check your Life Cover
... does it still meet your family's needs?

Nobody likes to contemplate their own death however, if you have a partner or family member who depend on your income for your lifestyle then you need to be sure that they would cope financially if anything happened to you.

Level Term Life Insurance provides a fixed amount of cover which is often used to cover Interest Only mortgages. It can also be used for your family to invest as an income to live on once debts such as mortgages have been cleared.

Alternatively, Mortgage Decreasing Life Insurance (decreases approximately in line with your mortgage) would just pay off your outstanding mortgage and protect the family home. You need to review your life cover regularly to make sure it's still appropriate for your circumstances. Premiums for decreasing life insurance are significantly lower than level term as the benefit reduces over time.

You may need to top up your life cover if you've recently had children, moved home or other major life event. Also, inflation may have reduced the value of your life cover taken out in the past, so it's worth checking whether it would still meet your family's needs.

Testimonial...

" Excellent Service "
Mr. O'Grady, Lee on the Solent.