Life Insurance

Life insurance is a policy that will pay out within the specified term of the plan upon death of the policyholder.

The proceeds also known as sum assured are paid tax-free but could be liable to inheritance tax, depending on the value of the estate and other circumstances at the time of death. There are number of important factors of why life cover is significant for you i.e.

provide an income for your dependants
to pay off a debt such as a mortgage
to provide sufficient income for your children

Life insurance policies can be level (the exact sum assured amount throughout the whole term), decreasing (will pay out in line with a decreasing debt i.e. capital repayment mortgage) or increasing (rising in line with inflation).

These plans do not acquire a maturity value or a surrender value. At the end of the policy term, or if premiums cease before that date, the policy will simply expire.

Please do contact us at contact@hamiltonrowe.com or the number below to arrange a complimentary, no obligation quote.

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