We all want to make sure we look after our loved ones and it is important to do this even if we are no longer around. So there comes a time when we need to consider a Life Insurance policy. DW Financial Ltd are here to answer any questions you may have and guide you through the process of setting up a Life Insurance policy.
You can set up a plan that will provide a lump sum payment and/or a regular income that is payable in the event of death. This payment will be made to your dependants or next of kin, based on how you set up the policy. These policies can be set up to cover an individual or a family.
We will talk you through the different options to determine what level of cover best suits your needs. This will depend on the level of income you need to replace and the monthly premium you can afford. There are different types of plans that will cover you for a specific number of years, or for the whole of your life. Many of these plans offer optional extra benefits. We will go through the various options with you to ensure you are making the most informed decision when setting up your Life Cover.
A popular option is to set up a ten year Convertible Term policy to keep the cost down. This allows you the comfort of availing of a higher level of cover but for a lower premium. The conversion option on this plan enables you to extend the number of years, at any time, without further medical evidence.
The cost of your cover and what is required to set up your policy depends on various factors such as:
- smoker status
- level and type of cover
- medical history
Once your application has been accepted, you can put your cover in place. You can now take comfort in the knowledge that your loved ones are financially secure in the event of your untimely death.
Contact us to book your free consultation and to find out more about Life Insurance.