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:
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.
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Newstead Clark Financial Services
Local Offices in Birmingham & Wolverhampton
Critical Illness Insurance covers you against a number of serious illnesses, diseases and medical conditions. It usually pays out a single tax-free lump sum on the diagnosis of one of the illnesses specified in the policy details. This could be
Critical Illness Insurance covers an individual for life or for a set period but will only pay out if the customer survives a predetermined time period following diagnosis as the policy is intended to cover living expenses. This is why this form of insurance is usually combined with Life cover.
You can use the cash payment from the policy for
If there is a history of serious illness in your family, Critical Illness insurance is well worth considering.
For a 100% Hassle-Free Consultation simply enter your postcode below:
For a 100% Hassle-Free Consultation simply enter your postcode below:
Newstead Clark Financial Services
Local Offices in Birmingham & Wolverhampton
An income protection policy is designed to payout a regular amount of money should you suffer any illness or accidental injury which affects your ability to earn an income.
You can choose many of the products features for example:
Premiums are collected on a regular basis and you can be covered regardless of how many claims you make.
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