We are available Monday-Friday 9.30am-6.30pm on 01704 627 035 or email info@assuredinsurancecover.co.uk
frequently asked questions
What is Life Insurance?
The most straight forward type of life insurance pays out a chosen amount of money if the person insured dies. Cover is often taken out to provide for loved ones or to pay off a mortgage in the event of death.
Do I need Life Insurance?
It really depends on your circumstances. An average single person with no dependants probably doesn’t. The main earner in a family with children definitely does! It’s not a nice subject but imagine how your loved ones would cope financially if you weren’t around.
Can i put my policy in to trust, what does that mean?
It comes with no additional cost to place your policy into trust, and our advisors can help you with that. Placing your policy into a trust ensures that the money is paid out faster, but it also means the proceeds of the plan will no longer be subject to inheritance tax.
what happens if i stop paying my premiums?
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If you do not pay your premiums the policy will lapse and you will not be covered. If you accidentally cancel your direct debit or change your bank account your cover won’t be cancelled immediately. You will be contacted for your new bank details and your policy will remain in place.
can i increase my cover or change the term of the policy after its started?
In most cases you cannot make changes to a policy once it has started. Some insurers let you increase your cover after a specific event for example if you have moved to a new house with a larger mortgage, they might be able to take this into account and increase your cover. If you want to make a change to your policy and you’re not sure if you can please contact us.
Do you give advice?
If you’d like advice on any aspect of your life insurance please visit our advice page and complete the call back request form or call the number provided to speak to an adviser. There’s no hard sell or pushy sales people, just fair and honest advice tailored to your circumstances.
how much cover do i need?
Our most common question by far. The answer is that it depends entirely on your circumstances. A couple purchasing their first property together on a tight budget might want a policy just to pay off the mortgage if one of them were to die. Another couple with a larger mortgage and perhaps two children may want to provide cover to pay off the mortgage, cover the costs involved in raising children and provide for their surviving spouse/partner.
If you have any further question our team is at hand to help and guide you to finding the right answers, please click below for further information.