Life cover – Mortgagesandfs

Protection - Life Cover

Life cover provides a lump sum payout if you are diagnosed with a terminal illness or pass away during the term of your policy. This can offer financial stability to your family, helping them cover expenses such as mortgage payments or other debts. You can choose from various levels of cover based on your specific needs.

Level Term

Pays a fixed lump sum if you pass away during the specified term of the policy.

Decreasing Term

Pays a fixed lump sum if you pass away during the specified term of the policy.

Family Income Benefit

Offers a regular income from the date of death until the plan ends – usually when your children are grown or when they reach a specific age, which you determine when setting up the policy.

Whole of Life

A policy that remains in force for your entire life, paying a lump sum on your death, regardless of when that may occur.

Some of these options can be placed in Trust to help reduce Inheritance Tax on your estate.