“Protecting your family financially is one of the most important steps you will take. We always ask you to consider whether your family could manage financially if you were no longer here.”
Rebecca Egerton Cert CII (MP & ER)
Mortgage Adviser
Life insurance is a policy that pays out a cash lump sum to your loved ones when you pass away. Many people take out a life insurance policy when they have a mortgage as a way of providing peace of mind to their loved ones. There are different types of life policies available and like many insurance policies they are easily available to buy. However, we do recommend taking advice from a professional to talk you through the different options for life cover available to you based on your individual needs and the financial support they would provide in the event of your death.
If you have a partner, children or other relatives that depend on your income to cover the mortgage or other living expenses, life insurance will help provide financial support to your family in the event of you passing away. Life insurance may not be nice to talk about but we have seen families who have been so grateful that they put it in place.
The cost of life insurance very much depends on your own individual circumstances. Typically, the bigger the sum you would want to have paid out, the more you pay for the policy. There are other risk factors which are taken into consideration such as age, health, occupation and the number of your dependents.
If you are considering not taking out life insurance but you do have dependents, we would ask you to consider the cost of NOT having life insurance if you were no longer here and your family were in a position where they had to manage financially without you.
At Willson Grange Mortgages we are experienced and qualified in recommending life insurance based on your individual needs. We offer a free of charge initial consultation to talk through your circumstances and work through what financial assistance would be needed in the event of your death. As independent advisers we then research the whole of market on your behalf, shortlist the best options and present you with a personal illustration. Once we have explored the options together and have decided which life insurance is best for you, we then make and progress the application on your behalf.
To get in touch with a member of our independent advice team just fill out our contact form, send us an email or call our office and we will offer you an initial free of charge consultation.
Get in touch with our team of experts
✓ Independent, whole of market financial protection advice
✓ Years of experience in providing life insurance advice
✓ Face to face service in the comfort of your own home
✓ Real life experience of serious illness cover helping families
✓ Appointments in your place of work to explore group schemes
✓ Complimentary review of your current business cover
✓ Excellent customer service proven by client testimonials
✓ Peace of mind arranging your finances through a professional
✓ Confidence that we have explored all options available to you
✓ Promise to recommend policies with an excellent claims service