Life Insurance

If you have a joint mortgage, children or someone who depends on your income then you need life cover, since it will help provide for your family in the event of your death.


What is life insurance?

Life insurance can pay your dependants a lump sum or regular payments if you die.

Term life insurance policies run for a fixed period of time, often the term of your mortgage. These kinds of policies only pay out if you die during the term of the policy.


What isn't covered by life insurance?

Life insurance only covers death not illness or an accident that stops you from earning an income.

Most policies have some exclusions such as if you die from drug or alcohol abuse.

If you have a serious health problem when you take out the policy, your insurance may exclude any cause of death related to that illness.

You can buy policies which include other types of cover such as total and permanent disability and critical illness cover.

You can't rely on the government to take care of your family - the money they would get from the state is much lower than you'd probably expect. If you want to provide for your family financially if you die, life insurance is a must.


What does it cost?

If you're young - or even not so young but still healthy - life insurance is very good value. Often just a few pence a day is all you need to provide your loved ones with plenty of financial protection.

At Constant we can explain the options and find the right options for you, please contact us for a chat.