There are many types of Insurance Birmingham & Wolverhampton based Newstead Clark offer:
Life Insurance
Life Insurance premiums are usually paid until death or for a given time span, for instance the life of a mortgage. This insurance can also be combined with Critical Illness Insurance and Family Income Benefit.
You can use the money for any purpose you chose including:
- paying off a debt such as a mortgage
- providing an income for your dependents
Life Insurance premiums are usually paid until death or for a given timespan, for instance the life of a mortgage. This insurance can also be combined with other products such as Critical Illness Insurance.
It is worth considering that any proceeds from a life assurance policy will be added to the deceased’s estate. This can be avoided by placing the Life Insurance in Trust and therefore separating out these proceeds from the ‘estate’ and keeping them free from Inheritance Tax.