Life Insurance
Life insurance protects your family and home in the event of death through an Insurance Company. Life insurance is a contract which pays out a lump sum to your dependants should you pass away during the term of the contract. The cost of a policy is determined by a number of factors including your age, health and lifestyle.
Level Term Assurance
Under a Level Term assurance plan the level of cover (sum assured) remains the same throughout the term of the policy. You know exactly what you will receive upon a successful claim.Decreasing Term Assurance
This product is often referred to as Mortgage Protection. The sum assured decreases over the term of the plan, in line with a repayment mortgage. This accurately covers the outstanding balance on your mortgage to ensure the debt can be repaid upon a successful claim.Family Income Benefit
Generally deemed a form of decreasing term assurance. Instead of providing a decreasing one-off lump sum payment, a monthly or annual income is provided for the remaining term of the initial contract. These contracts are normally used for replacing a lost salary or paying for ongoing costs such as childcare, school fees and general household outgoings.If you died tomorrow, could those that are important to you cope financially?
Would your home and family be protected?
For those left behind, in their darkest hour, would they have financial stability?
Contact us
Address
26 Walnut Road
Chelston
Torquay
TQ2 6HS
Call Us
01803 500190
Email Us
enquiries@rivieramortgages.co.uk