subject: Choosing the Right Insurance Cover – Get Expert Advice before You Act [print this page] Are you concerned about the financial future of your family in the event of any unforeseen situation cropping up? Life insurance is the best and the cheapest option available to help you provide financial security to your family under the circumstances. However, the availability of hundreds of schemes under life insurance makes it difficult to arrive at a decision about the policy that would best serve your needs under the presence conditions. Independent Life Insurance Essex is well placed to provide you with the necessary guidance and perfect advice to blow away all clouds of doubt.
There are many reasons for buying a Life Insurance policy. The ultimate aim is to provide financial security to your loved ones even when you are not there amidst them to provide for and protect them. Independent Life Insurance Essex, with their vast experience can take you through the process of selecting the right life insurance cover so that your family can maintain their present standards of living even in your absence.
You can choose the Term Level Insurance if you want to cover the principal amount of your interest-only mortgage. This policy provides the same level of cover throughout the term of the policy. A Decreasing Term Assurance policy pays out an assured sum which reduces gradually as the policy progresses. It is usually used to cover repayment mortgage payments.
A life insurance policy that provides a tax-free regular income, which continues for the term of the policy if you die, is called the Family Income Benefits Policy. If you need a replacement income source, this policy is the best one for you. It can provide you protection from rising cost due to inflation as the income is index linked in some cases.
A Critical Illness Cover is a policy that pays out a lump sum amount if you are diagnosed with a critical illness that is specified in the policy terms. This policy can be used in conjunction with any of the other Life Insurance cover for providing additional cover to the family.
Another policy that could benefit you greatly, should you lose your present source of income because of an illness or an accident is the Income Replacement Insurance. This policy provides a steady and regular income for the period you are unable to resume work or as stated according to the terms of the policy.
Independent Life Insurance Essex can help you arrive at a considered decision to choose the right type of insurance cover for you and your family. With their experience and expertise you can be assured that the chosen policy will serve your best interests.
Choosing the Right Insurance Cover Get Expert Advice before You Act
By: Casey Affleck
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