What is it?

A term insurance plan is a basic form of life cover. These plans can be arranged as single or joint and are a cost-effective way to insure your life against death. The cover is over a fixed period and pays out a sum if you die during the term. Applicants should be aware there is no investment content in this or any of our plans.

With many term insurance policies you can add additional options, like critical illness cover. If you do add on critical illness cover, the plan will pay out once on the diagnosis of a qualifying critical illness or if you die during the term of the policy.

Who is it for?

This type of plan is designed for those who want to leave a lump sum in the event of their death within a time period. Term assurance can protect your family from the financial implications of a personal tragedy and is particularly important if you have young children or dependants.

It can be used to cover your mortgage, other loans or to ensure that your family is protected from the effects of having to repay a debt after the main earner has passed away. As financial advisers we will always help you find the plan that best meets your requirements.