Get your financesin good shape!
Term assurance - used to protect families from the financial impact of unexpected death. Term assurance.
Endowment policies - combine term assurance with regular savings, and are often used for repayment of interest-only mortgages. Endowment policies.
Whole of life policies - designed to pay out a lump sum on death, no matter at what age the policyholder dies. Whole of life policies. These policies can also be used to help with inheritance tax planning.
Why is now a good time to review my life cover?
Life assurance now costs less than it did only a few years ago, as life expectancy is greater, due to medical advances and the risk of AIDS having receded to a degree. You should therefore check the monthly premium rates on any existing policies to see if they are competitive.
Substantial savings or improved cover can also be achieved by opting for family income benefit, rather than level term assurance. Since the A-Day changes to pension rules, pension term assurance may play a larger part in reducing the cost of life cover. Therefore a detailed review of your family's finances should be carried out to assess the most appropriate life assurance.
© John Bramwell 2005
BV Services is Authorised and Regulated by the Financial Services Authority
Get your finances
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
