Life Cover

The best life cover quotes can be compared in an instant by a qualified advisor at Harvey Bowes. We’ll also use our expertise and experience to ensure that you have the most appropriate cover. Comparison websites can give you a certain amount of information, but they cannot give tailored advice that meets your needs and requirements. By completing our quick enquiry form, you are leaving your details with Harvey Bowes only, we are not a comparison website that will sell on your details to a number of advisors. We won’t pass on your details at all, as your enquiry will be answered by one of our own, UK based qualified advisors right here at Harvey Bowes.

Life cover can be arranged for a wide variety of purposes. From providing a lump sum to repay the mortgage upon death to providing income for the family or to help with funeral costs and other expenditure.

Life insurance can also be used as business protection, to insure that if a key member of staff or director suffered an untimely death, some protection for the company would exist. This could be to cover any financial loss, a buy out or for other reasons.

If you have a repayment mortgage, then the most likely appropriate cover would be DTA or decreasing term assurance, this is designed to reduce over the term of the benefit to co-inside with a reducing mortgage balance. For interest only mortgages, LTA or level term assurance is more appropriate as the benefit amount remains the same through the term.

Where Life insurance is taken to provide a lump sum for the family, or even for the income of the family (Often called FIB or Family Income Benefit) the amount of benefit can be increasing. This would be an increase following the Retail Price Index (RPI) for example. Why is this important? If you take an amount of cover today, for example £50,000 but you die in 15 years time, inflation is likely to of de-valued the £50,000 lump sum.

There are many options, but when you go through them with a qualified advisor you should find it easy to understand what the options mean and how they can benefit you and your family.

Did you know?

The average household debt in the UK (excluding mortgages) is £8495* and most homeowners don’t plan to cover the extra debts when they take out life insurance.

*Source: www.creditaction.org.uk January 2011. 

Get a Life Assurance quote:

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Your home may be repossessed if you do not keep up repayments on your mortgage

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