life insurance policy information guide
Life Insurance Policy
We offer a range of life insurance policies. You can take out level term life insurance from us, or we also offer decreasing term insurance, as well as critical illness cover.
Sainsbury's is offering a pretty good deal at the moment
Term Life Insurance: The purpose of insurance is to provide for what the future may bring. However, as the future gets closer, it becomes more and more apparent what your needs will be and once this has occurred, it can be very difficult, or even impossible to get the insurance cover you need. With our term life insurance policies, you will be guaranteed the coverage you need, for as long as you need it. This means that you do not risk becoming uninsurable in the future or seeing your premiums hit the roof. You decide what the term of the policy is to be, based on your individual circumstances. If you have a twenty year mortgage for example, a twenty year term policy allows you to match your cover with your needs exactly.
Another option we have is decreasing term insurance. This provides for the sum to be paid out on your death to get smaller each year, as the chance of its occurrence increases. This is frequently used to cover a mortgage, where you outstanding balance is decreasing every year for the term of the mortgage. You do not need to pay a high premium to cover the full original amount of the cover if all you really need is to cover the reduced amount. This kind of cover also allows you to take into account the fact that as you get older, your family and other responsibilities are likely to decrease as your children grow up and leave the nest.
Therefore, if you are concerned about the cost of the insurance you need while you're young, consider a decreasing term policy which allows you to fully cover the needs of your family as they change into the future.
We also offer critical illness cover. While critical illness does not mean you are dead, and therefore, any life insurance coverage you do have will not pay out, the needs of your family are not that different from what life insurance is designed to provide. You will be unable to earn a livelihood and support your family. Therefore critical illness cover is a useful addition to consider adding to your policy to cover for this eventuality.
All of our policies are priced attractively and guarantee you that you will not find a cheaper quote on any like for like policy anywhere.
About 1ABC
IABC financial advice have been helping clients for over 25 years. We offer insurance and mortgage products. We also offer pensions and lifer assurance. Pleasee see FSA for more details.
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