Life Assurance in Blackpool
Protect The Things You Value Most
Life Insurance is a great way to help protect your family from the financial worries they could face if you were no longer around. Life insurance pays out a cash lump sum if you die within the term of the policy. Cover is usually on a level or decreasing basis.
Level Term Assurance
This will give you the same amount of cover throughout the life of the policy and will pay out that amount if you make a successful claim.
Decreasing Term Assurance
This is sometimes known as Mortgage Term Assurance – the level of cover will decrease over the term, usually to match your decreasing mortgage amount (on a repayment based loan) and pay out the current amount when a successful claim is made.
Family Income Benefit
This allows the sum assured is paid as a regular tax free benefit (under current legislation tax year 2016/2017) rather than a lump sum. This can make it easier to pay for the monthly costs of running your household and covering school fees etc.
For Instance:
Your family could receive £3333.33 p/m tax-free, every month for the balance of a 21 year term from the time of the claim, for just £21.44 per month.
Source: 30/01/2017 based on a 34 year old taking a policy with Aviva, with a £3333.33 per month benefit over a 23 year term.
Actual costs will depend on individual circumstances and providers underwriting. (Based on a non smoker with a healthy lifestyle in good health)
Progress F S Ltd can help you decide whether you should take out life insurance, how much you need and how long you need it for. We can find the right policy for you.
Contact us to find out more.
making your money go further
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
We will charge a fee of £399 for a residential mortgage & £599 for a buy to let mortgage on application. In addition we will also be paid a procuration fee from the lender.
Progress FS Ltd. t/a Progress, registered in England at 283 Church Street, Blackpool, FY1 3PG (number: 04217039). Progress FS Ltd. t/a Progress is an appointed representative of First Complete Limited (number: 05416236), which is authorised and regulated by the Financial Conduct Authority (FRN: 435779) for mortgage and non-investment insurance advice. The Financial Conduct Authority does not regulate conveyancing and surveying services, commercial mortgages, wills, trusts and some forms of Buy to Let mortgages.
We offer advice on residential and Buy to Let mortgages, Mortgage Protection and Home Insurance. *Should you have a need for advice on commercial mortgages, conveyancing and surveying services, wills, trusts and investment planning you will be referred to a third party provider. Neither Progress FS Ltd. t/a Progress nor First Complete Ltd. is responsible for any advice provided by a third party.