Guaranteed Life Cover & Standard Life Cover
Life cover is sometimes described as one of the most important insurance policies you can have. Depending on the cover, it can pay out lump sums if you become critically ill so that financial worries are not a problem, and more importantly for some, the right policy will protect your whole family in the event of any unforeseen departures.
But what if you can not get cover due to medical conditions?
What is Guaranteed Life Cover
Life cover is most usually provided after medical underwriting. If you are fit and well you are likely to get standard acceptance terms. If on the other hand, you have medical conditions to disclose, you may be rated or even declined for cover.
Guaranteed Life cover plans are available for those over the age of 50 where no medical underwriting is requested. While the protection levels can be low, some plans offer perfectly acceptable cover.
We are also able to source life assurance cover for certain medical conditions including from Lloyds Underwriters.
If you have had any difficultly in obtaining cover talk to us!
Which type of Life cover?
There are many types of life assurance cover available. Cover for a mortgage, or for businesses for instance. We will recommend the right one for you.
WHATEVER TYPE OF PLAN YOU HAVE, IT IS MOST IMPORTANT TO USE A TRUST TO ENSURE THAT THE INTENDED RECIPIENTS ARE THOSE WHO ACTUALLY RECEIVE THE PAYOUT!
Is there one form of Life Cover?
Absolutely not. There are numerous forms of Life Cover to choose from. You can have a complete, comprehensive cover called Guaranteed Life Cover which gives you multiple cover points for various eventualities.
You can also choose from the Life Cover’s term length such as for it to stop when your children are adults, or to run until retirement or even to span your entire life, not matter what the end age. The other factors that come into play are also the value of Life Cover you would like to have. Would you like a policy to just payout your mortgage, or would you like a policy to pay out your mortgage and a couple of years of annual salary of would you like a policy that pays out a huge lump upon death. The choice is yours.
Our fully qualified and independent financial advisers will assess your needs and advise on the most appropriate product for your needs.
Covering Plymouth, Cornwall, Devon and the South Coast of the UK, we’ll have an adviser that can visit you locally in your home or business to assess your needs.
We are here to offer you financial advice in Torquay, but we also have other offices to help you with financial advice in Devon, Plymouth, Cornwall, South West, Bristol and London.