taylormilburn
FINANCIAL
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Life Insurance
Life Insurance gives you the comfort of knowing that your loved ones will be provided for should you die. There are many different ways to arrange life cover and we can help you find the most appropriate plan available.
When linked to a mortgage, Life Assurance ensures that in the event of death your mortgage will be repaid. This means that your dependants will be left with a mortgage-free roof over their heads.
There are two common types of Life Assurance linked to a mortgage, Level Term and Decreasing Term.
Level Term Assurance provides a set level of cover for the term you choose. Decreasing Term Assurance covers you for the term you choose, but the level of cover decreases through the term of this policy, usually to coincide with the reducing debt on your mortgage.
As with all insurances – conditions and exclusions apply
