Life Insurance
Protecting your loved ones
Life Insurance
Life Insurance pays out a lump sum amount should you die during the policy term. This cover is designed to offer peace of mind, knowing that your loved ones will be financially protected if the unexpected happens.
It can help cover everyday living costs, clear outstanding debts like a mortgage, and ensure your family can maintain their standard of living in your absence.
Whether you have children, a partner who relies on your income, or significant financial responsibilities, life cover is a vital part of securing your family’s future.
Why Life Insurance Matters?
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Do I Need Life Insurance?
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Support For Dependents
If you have children, a spouse, or other dependents, Life Insurance provides them with the financial support during a difficult time. This can cover daily living expenses, such as food, housing, and utilities.
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Outstanding Mortgage
If you have a mortgage, Life Insurance can provide vital protection for your loved ones. In the event of your passing, it can help pay off the remaining mortgage balance reducing the risk of your family losing their home.
This is especially important if you're the main homeowner or your income is key to keeping up with repayments.
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Supports Financial Goals
Life insurance can help ensure that your children’s upbringing & education is covered if you're no longer there to fund it, including child care, financial support for the remaining partner, schooling costs, school supplies, or other educational costs.
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Funeral Costs
Funerals can be expensive, often costing thousands of pounds. Life Insurance can help cover these costs relieving your family of an immediate financial burden during a difficult time.
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Peace Of Mind
Life insurance provides reassurance that, should the worst happen, your loved ones will be financially supported. It offers security and peace of mind, knowing your family can stay on their feet even if you're no longer there to support them.
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Inheritance Planning
Life Insurance can help with ensuring loved ones are financially supported without needing to sell assets or take on debt.
What type of policies are there?
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Provides you with life cover over a pre-agreed period of time. If you die during this period, your policy pays out a lump sum. This type of cover is useful for providing financial security for your dependents.
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Provides cover for your entire lifetime, not just a fixed term. Pays out whenever you die, as long as premiums are maintained. This type of cover is typically used for inheritance tax planning, funeral cover, or leaving a guaranteed legacy.
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A joint life insurance policy covers you and your partner under one policy, this means that if you or your partner pass away during the policy term, the cover is paid out after which the policy would end. The money can be used for anything, like bills and mortgage repayments. This offers you both security in case something unexpected happens.
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This policy provides cover for that single individual and pays out the chosen amount of cover if that person dies during the term of the policy.
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Instead of a lump sum, it pays a monthly or annual income to your family for the remainder of the policy term after your death.
Ideal if you want to replace your income for your dependents in a manageable, regular format.
How We Can Help You
Kingsbrook Finance
It is important to ensure that you have the appropriate level of Life Insurance Cover for your circumstances and that your cover is set up correctly.
Thats where as advisers we are work to understand your requirements to ensure that your policy is tailored for you.
Why Put Your Life Insurance Policy in Trust?
Placing your life insurance policy into a trust ensures that, in the event of a claim, the payout goes directly from the insurer to your nominated beneficiaries - without delays.
This approach allows your loved ones to receive the funds quickly and tax-free, bypassing both probate and Inheritance Tax. It's one of the most effective ways to ensure the full benefit amount reaches the people you intend to protect.
