Securing financial stability with life cover
Life cover provides a tax-free benefit, either as a lump sum or regular income, in the unfortunate event of your passing. This cover serves as a financial safeguard for your dependents or as a means to settle debts within your estate.
The most economical option is often a ‘term assurance’ policy, where you determine the duration of the cover. This could be set to coincide with the period your children are financially dependent on you, or aligned with your mortgage term, ensuring the mortgage is cleared. Mortgage Protection policies are designed to match the outstanding balance of your mortgage loan, offering a lump sum to settle the remaining mortgage in case of death. At Fitch & Fitch, we can provide guidance on the most suitable cover for your specific needs.
Should you consider life cover?
Life cover is an important consideration if:
- You have a partner or dependents and wish to secure their financial future in your absence.
- You aim to have your mortgage fully paid off in the event of your passing before the mortgage term ends.
- You want to ensure that your partner or dependents can continue to pay rent if you pass away.
- You seek to cover your funeral expenses, alleviating the financial burden on your loved ones.
Need Assistance?
Fitch & Fitch are experts in assisting clients with their protection requirements . Whether you would like to make an enquiry or simply have a question about our services, we’re on hand to help.