About Term Life Insurance
If you want to protect the main family income for a defined period of time, for instance, until your children are grown up and become financially self sufficient, then term life insurance could be an appropriate option for you.
This type of life insurance policy has a start and an end date which ensures, for example, that your income is protected for as long as your children are dependent on you as the main income provider.
There are a number of additional options available with term life insurance, including:
• Indexation of benefits – the policy can be index linked in order to ensure that the benefits are not eroded by inflation over time.
• Single, Joint or Dual Life options – to cover both yourself and your spouse/partner
• Serious Illness – cover can be included as standard.
We can help you to determine whether or not this type of protection is right for you in the early stages of the Lifetime Financial Plan. We can also advise you on how long the policy should last, ensuring that your dependents are protected until they reach a certain age or become financially self sufficient.
We also research a broad range of product providers on your behalf and negotiate the best terms on your policy, typically providing up to 6 different quotes.