Life Insurance for Families, Mortgages and Businesses
We all know that life insurance provides financial protection and security for a specific period of time - either for a term of years, known as ‘term assurance' or alternatively the policy continues until the insured person dies, and this is known as permanent 'whole-of-life' policy arrangements. H D Consultants provides our Clients with access to all types of life insurance policies.
If the policyholder dies whilst the policy is in force, the insurance company pays out the proceeds of the relevant sum insured i.e. the claim. However, if you survive until after the end of the term, the policy simply ends.
This is just like car insurance, home insurance etc., i.e. you will benefit from having peace of mind during the vulnerable period that you are covered, and if you don't need the cover anymore, so you can stop it at anytime.
H D Consultants can also help with a wide range of other personal insurances, too, including income protection, critical illness cover, accident and redundancy cover
Who needs life insurance?
Individuals, couples, families, residential mortgage / loan borrowers, businesses, partnerships, shareholders, Buy To Let mortgage owners, key persons, groups of employees, self employed, parents .... are you in any of these categories?
If you already have life insurance, is it worth switching?
In the last few years, life insurance costs have reduced. Speak to one of our team of Advisers to see if you can get a better premium. But it’s not just about cost, it's crucial that you should also ensure that you keep your cover up to date, too. Many people change their mortgages, but forget to update their policies at the same time. Reviews are fundamental to sound financial planning.
We recommend that you should review your policy annually to make sure your premiums are still competitive and that you still have the right amount of cover in place. And we are one of the few Adviser Firms who not only have a robust Trust implementation strategy, but we also have a comprehensive guide for Trustees who we like to speak to, or see, to ensure they actually know what they need to do at the time of claim.
You may need to amend your cover if:
You've had a(nother) child
Your job has changed
You’ve arranged a new or larger mortgage
You now wish to add in extra benefits such as critical illness cover
Our team of Advisers are trained, qualified and experienced and are available to help you plan your life cover strategy, whatever your requirements.
To discuss your life insurance requirements, fill in our contact form below and an Adviser will call you back.