Fish4Mortgage is located in Weston-super-Mare, Somerset & is the area’s leading Mortgage Broker with over 25 years of knowledge in the field. We specialise in many areas including re-mortgages, first time buyers, commercial mortgages, general insurance & secured loans. Explore our website to find out more information & also go ahead & use our Mortgage Calculator to see what deals are available to you.
What is Life Cover?
Life cover (also known as life assurance, life insurance or death cover) is essentially a policy that pays out a lump sum of money to your dependents in the event of your death. The policy will usually pay out no matter what the cause of death is, as long as you are honest and accurate with your personal details at the start of the life insurance application. The amount of money that is paid out depends on the level of cover you decide to buy.
Although Life insurance pays out on death, it is still advisable to consider taking out additional cover too such as critical illness cover and income protection. This can sometimes be built into life cover. Life insurance cannot bring back a loved one, but it can provide reassurance that your dependents will be looked after if you’re no longer around to provide for them.