With the everyday pressures of work and family, the focus tends to be very much on the here and now: paying the bills, looking after the kids, maybe going on holiday. For many too retirement planning might well be on the agenda. However, for lots of people, the possibility of death is something that they simply do not contemplate and so they overlook life insurance.
There might be a misconception that life insurance is expensive, but in fact a term insurance policy which pays out if you die during a set term can often be a very cheap [form of] life insurance policy. In fact depending on your age and personal situation cover can start for as little as £6 per month. And the peace of mind is priceless – if you have a mortgage it makes sense to consider whether your dependants could afford to keep up the mortgage payments if you were not around. If the mortgage would not be paid off on your death then this may be something you might want to put in place.
At Direct Line we have two types of life insurance on offer – Fixed Term Life insurance and Mortgage Life Insurance. The actual monthly premium is determined by factors such as your age, sex, occupation and whether or not you smoke, as well as the length of the policy term and how much you want paying out at the time of a claim. Both policies pay out a lump sum in the event of your death or should you have a terminal illness during the term of the policy. (A terminal illness claim would need to be notified to us within 18 months of the end date of the policy).
Both policies are also available for single life and joint policyholders and there are the options to take life cover with critical illness as well.
You can find our life insurance terms and conditions online as well as getting an automatic quote.
|
