Life Insurance

Financial protection for couples and families

Imagine losing a big chunk of your household income – or being left to bring up your children on your own. When you consider the consequences of a partner becoming seriously ill or dying, it’s alarming how many couples and families with a mortgage and other outgoings don’t have Life Insurance to protect them.


What is Life Insurance?

A Life Assurance policy pays out a sum of money when the person who is covered by the plan dies. The money is intended to pay off any outstanding debts and support your dependants financially by providing them with a further lump sum or a regular income if you die.
Even if there are no dependants who may be financially affected by your death, some Life Assurance policies could go towards covering funeral costs.
The type of Life Assurance and the amount of cover will depend on an individual's particular circumstances and requirements. Factors to consider will include age, dependants, level of income and financial liabilities.
Premiums are normally paid to the insurance company either monthly or annually for a fixed period of time or in some cases, until death.

Why you should consider it

Having Life Insurance gives you peace of mind that you’ll be able to pay the bills if something happens to a breadwinner in the family.
You can use the money for any purpose such as paying off your mortgage, covering the cost of childcare and school fees, or paying for private medical care.

It’s important to review your cover at key stages in your life – so you and your family are always protected if the worst should happen.
At Moneywise, we can help you decide how much life cover you need, whether you’re buying your first home as a couple, getting married, starting a family or planning to retire. As independent advisers, we have access to the entire insurance market – so we can find you the best possible cover at the most competitive price.

We can also make sure that your Life Insurance policy is set up properly, using a trust for tax efficiency. In many cases, the right trust can protect payments from potential inheritance tax – and ensure that the money goes to the appropriate beneficiary as quickly as possible.

For more information or for a quote, please call us on 020 8552 5521 or e-mail us at