Life Insurance. 

Life Insurance. 

Covers you against: Death or terminal illness 

Benefit paid: Lump sum 

Life insurance provide a lump sum, paid tax free, to your dependents in the event of your death. Life insurance can also be known as term insurance and there are two main ways in which the cover can be arranged: 
Level Term Assurance: this type of policy is where the amount of cover, which is also known as the ‘sum assured’, remains at the same level thorough the length of the policy. This type of policy is often taken out to help pay off a mortgage and is most suited to interest only mortgages, where the amount owed does not decrease over time. 
Decreasing Term Assurance: again this policy pays out a cash lump sum in the event of death, but the amount of money paid out decreases over time. These policies are a good fit when taken out alongside a repayment mortgage so that the amount paid out is the same, or close to the amount left on the mortgage. As the amount of cover decreases over the length of the policy, the premiums are typically cheaper than they are for level term assurance. 

Want expert advice right now? 

If you'd like to learn more about the advantages of having life insurance from Reeds Financial, give us a call at 0330 128 0989 and chat with one of our knowledgeable advisers. 

What Our  Customers Say. 

What Our Customers Say. 

Here are a few ways we have changed our customers’ lives. 
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