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Life Insurance
Life insurance is intended as a financial buffer for your loved ones in the event of your death. It can be used to pay off a mortgage, outstanding debts or any other financial pressures remaining once your salary can no longer be relied upon. The underwriters of a life insurance policy will ask you to provide information on age, length of policy, health and level of cover you require. They will use this to establish the risk of your death during the term of the policy, and the likelihood of their having to pay out on a claim. The risk will provide the level of premium you are likely to pay.
Types of life insurance
- Term life insurance covers you for a predetermined number of years (usually between 5 and 30), paying out a pre-agreed sum. This type of life insurance is usually based on your health and life expectancy at the time of your application.
- Whole of life insurance covers you for the remainder of your life. It is more expensive than term life insurance while it provides the same amount of cover. The savings and investment aspect allows for the policy to accumulate cash value during its term.
Life Insurance Broker & Life Insurance Advice Services in Leicester
Explore comprehensive Life Insurance Broker and Advice Services in Leicester, tailored to safeguard your family’s future.
Our dedicated professionals offer personalised guidance to help you navigate the complexities of life insurance, ensuring you find the right coverage to meet your needs and provide peace of mind.
Whether you’re seeking to secure your loved one’s financial stability or looking for investment-linked life insurance options, our expert advisors in Leicester are committed to delivering bespoke solutions.
With access to the latest market products and a deep understanding of individual requirements, we make securing your family’s future a seamless and informed process.
Frequently Asked Questions About Life Insurance in Leicester
What is life insurance and why do I need it in Leicester?
Life insurance is a financial product designed to provide peace of mind by offering financial protection to your loved ones in the event of your untimely passing. Whether you’re in Leicester or anywhere else, it ensures that your family can maintain their lifestyle, cover living expenses, and manage any outstanding debts or funeral costs.
How do I choose the right life insurance policy in Leicester?
Choosing the right life insurance policy involves assessing your financial situation, your dependents’ needs, and your long-term financial goals. Consider factors like the policy’s coverage amount, term length, premiums, and any additional benefits. Consulting with a local Leicester insurance advisor can help tailor a policy to your specific circumstances.
What types of life insurance are available in Leicester?
In Leicester, you can find various types of life insurance, including term life insurance, which provides coverage for a specific period, and whole life insurance, offering lifetime coverage. Other options may include universal life insurance and critical illness cover, each with its unique features and benefits.
What happens to my life insurance policy if I move out of Leicester?
Most life insurance policies remain valid regardless of your location. However, it’s important to notify your insurance provider of any changes in address. If you move abroad, check your policy’s terms or consult with your provider to ensure your coverage remains unaffected.
How do I make a life insurance claim in Leicester?
To make a life insurance claim in Leicester, contact your insurance provider as soon as possible after the policyholder’s passing. You’ll typically need to provide a death certificate, proof of identity, and any other documentation requested by the insurer. The process and requirements can vary, so it’s advisable to review your policy’s terms or consult with your provider for specific guidance.
Why Choose Aston & Co Financial Services as your Life Insurance Provider?
At Aston & Co Financial Services we have the experience and the know-how to find the best life insurance to meet your needs. Our friendly and professional advisors are on hand to guide and support you in your choices. Contact us today to discuss your needs and pave the way to financial security.
