Unfortunately, death is one of life’s certainties. Life cover will support your loved ones financially should you pass away by paying out a tax-free lump sum. Life insurance is designed to cover the policy holder for a specific period, which is more often aligned with the mortgage term. However, there are various other reasons to consider life cover to protect other assets or obligations.
The value that a specialist insurance broker can bring is significant. Many insurers have a standardised criteria which the policyholder should be expected to meet. Where these criteria cannot be met, mainstream insurers may include premiums which can significantly increase the cost of your cover. An experienced adviser can place you in the hands of an insurer who can consider your circumstances individually to ensure you are achieving the best possible premium for your cover. Providence Global Finance also have partnerships with leading tax and legal specialists who can ensure that all aspects of your cover are taken into consideration before taking out the policy.