Life Insurance

Life insurance is a simple way to make sure your family and loved ones are looked after financially should you die or be diagnosed with a terminal illness.

Life insurance is a 100% tax free lump sum paid out upon death or earlier terminal illness. The cover can be level, decreasing or increase in line with the cost of living (Retail Price Index).

Life insurance can also be used to cover your mortgage. Prices can vary based upon the health and lifestyle of the individual.

For as little as £10 a month you’ll get peace of mind that should the worst happen, everything and everyone is taken care of.

EXAMPLE OF LIFE INSURANCE PREMIUMS

To put together this point of reference we’ve had to make a number of assumptions:

• The client is applying for a £10 a month life assurance policy.
• The client wants a guaranteed premium that will never increase. (unless they have opted to index link the cover)
• The client wants the plan to run for a term of 25 years.
• The client has no major health problems.
• Figures are shown as amount of cover expected for £10 a month.

Age at application	Non-smoker	Smoker
25	£400,329	£229,330
30	£303,761	£152,708
35	£206,731	£90,818
40	£129,638	£54,017
45	£76,779	£31,829
50	£43,100	£18,127
55	£23,477	£10,440
60	£12,808	£6172

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