Family Cover Life insurance can help protect you and your family. Safeguard your financial interests with life insurance to protect your family and your mortgage.
Safeguarding the welfare of you and your family with family cover life insurance is critically important and a must-have for anyone who has children or dependants. Insuring against possible eventualities protects you and your loved ones.
Our family cover offers a range of different types of insurance including:
Life Insurance – Life insurance is a must-have for anyone who has children or dependants. This type of insurance provides protection for partners and families.
In the event of your death, a lump sum is paid out to your family or a nominated person. This can provide a financial lifeline to clear the mortgage, cover day-to-day living costs and any other overheads that need to be covered.
This gives your loved ones one less thing to worry about, and a little support when they need it most.
Critical Illness Cover – The consequences of being unable to earn a living because of a serious illness are huge. If taking away your monthly earnings could cause you and your loved ones to struggle in making ends meet, you should consider taking out critical illness cover.
This type of policy will pay out a tax-free lump sum in the event of you being diagnosed with a specified illness.
Making the decision to take out critical illness cover is a wise, responsible choice that will benefit your loved ones in your time of need.
Family Income Benefit – Otherwise known as FIB, this is another type of life insurance. The FIB runs for a set amount of time. If you die within this period, your policy will pay out a regular tax-free income for the remainder of the term.
While life insurance pays out a lump sum, the FIB pay out all depends on when the death occurs. For this reason, it is also called decreasing-term life insurance. And because the pay-out decreases the further along the term it goes, these types of policies are generally cheaper than the lump sum life insurance equivalent.
These may suit families with young children who may require a bigger pay-out if a death occurs in the early part of their lives.
Mortgage Protection – Home repossession is a process that moves quickly once default payments occur. If your mortgage repayments depend on your salary to cover them, it might be a good idea to take out mortgage protection.
This policy will pay out a lump sum to cover the cost of the mortgage in the event of your death.
This avoids worry, stress and the threat of repossession, ensuring your loved ones remain in the home they love at the time when they need the most security.
Our range covers both interest-only mortgages and repayment mortgages – both are popular, particularly for young families who have a substantial mortgage to pay off.
All our insurance packages are about putting safety checks in place so that you and your family can enjoy day-to-day life without worrying about the future.
Nothing can guarantee a life free from illness, emergencies or setbacks. What family cover from Assured Life Advisers can do, however, is give you the peace of mind, so whatever life throws at you, you and your family will be in a financially stable position to deal with it.