Life Insurance

Life Insurance is something that is relatively high on most people’s list of priorities. Covering yourself in event of the worst to then be able to protect and cover costs for your nearest and dearest is important. But there are also other occasions when life insurance is a requirement. For example, if you are taking out some loans or mortgages the loan company will stipulate that you have life insurance coverage in place in order that the loan be covered in the event of the worst-case scenario.

Life Insurance is a financial insurance product that will pay out a lump sum to your dependents should you lose your life during the duration of the contract. Ensuring that your dependents are looked after in the event of your death is of course a high priority for many people but thinking about these delicate issues is not comfortable for many people and it tends to get pushed to one side, one of those to do things. Many people think that it is a complex process involving medical examinations, requesting health records etc. But this is certainly not the case in most instances. Simple questionnaires will ask the obvious questions, age, height and weight, lifestyle including drinking and smoking as well as medical history. A profile and risk assessment will then be made to quote for your life insurance policy.

Taking out a life insurance policy at a younger age is much cheaper than applying for life insurance at an older age for obvious reasons. Insurance companies would expect a younger person to be less likely to make a claim than an older person.

It is very important, to be honest when answering all of the questions that are asked in a life insurance policy questionnaire, if it is found that someone has not been truthful and a claim is made then records will be checked to ensure that accuracy of the information given in the life insurance policy proposal.

Should you be interested in life Insurance we offer a referral service to The Right Referral Service. With your permission, we would pass your details to The Right Referral Service and they would then contact you and discuss your requirements. If you proceeded with either of them, we would receive a commission for introducing you to them.

As a company, we have decided to advise on Income Protection from a single company called The Right Referral Service.

Here is some additional information on related topics from our blog:

The Importance of Having Life Insurance

INSURANCE ENQUIRIES – IMPORTANT INFORMATION

Please note that we are a mortgage broker and do not provide advice on insurance products.

All Life Insurance enquiries will be referred to The Right Referral Service. By submitting an enquiry, you consent to your details being passed to them for the purpose of discussing your insurance needs.

The Right Referral Service will arrange for a suitably authorised and regulated adviser to contact you. Any advice or recommendation provided will be the responsibility of that adviser.

We do not assess your insurance requirements, provide recommendations, or arrange insurance policies directly.

There is no obligation to proceed with any recommendation provided.

Any insurance product you choose to take is entirely separate from your mortgage application.

DATA SHARING

In order to facilitate your enquiry, we may share your name, contact details, and relevant information with The Right Referral Service. Your data will only be used for the purpose of contacting you regarding insurance products.

For further details on how your data is used, please refer to our Privacy Policy.

“Life Insurance enquiries are referred to The Right Referral Service. We do not provide insurance advice. A suitably authorised adviser will contact you to discuss your requirements and, where appropriate, make a recommendation.”