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Searching for the best life assurance policy on the web can be a tiresome process, that's why we at NSR Finance have created an online life insurance search facility. Simply enter your requirements into our system and we will pass your details over to one of our specialist advisors who will search through some of the biggest and most reputable life insurance companies in the market. Life assurance from Legal & General, Norwich Union, Scottish Widows, the list goes on. Simply fill in your details & they will contact you with a quotation
Buying a Critical illness assurance seems a simple process just search the market, find the cheapest assurance and that's it, done!
Or is it? Although buying critical illness insurance seems simple it really is not. There are lots of things to be taken into consideration if you want to get it right! Do you want a comprehensive or basic cover? How many illnesses does the policy cover? Do you want reviewable or Guaranteed?
Remember you are buying this type of assurance to protect your family or repay the mortgage in the event of your illness. Buying a basic policy could result in you not being covered and consequently loosing your home. Our specialist advisors search the market to find the best and most comprehensive policy at the right price.
Our fixed term life cover policies will pay out a lump sum to help provide for your loved ones should you die within the term of the policy. You can also apply for Life cover with Critical Illness protection, to help protect you and your family if you are diagnosed with a specified critical illness.
If the unthinkable happened and you were not around, our policies can help make sure that your family's finances will be one less thing to worry about.
Simply choose the level of cover you require, and there will be a lump sum available to help when they need it.
Even if you already have life insurance, it makes sense to carefully review it to make sure you've got the cover you need.
You may not have enough cover if your circumstances have changed recently - for instance, if you've just had kids, or moved home.
Term assurance is an insurance policy which pays a sum of money (sum assured), which is agreed at the outset, should you die within a specified term (years). These are typically the most cost effective way to provide financial protection to your dependents should you die. They are pure protection policies and there is no investment value - there is no surrender value. These policies can be arranged to protect both mortgages and lifestyles. The term of the policy will depend on what you wish to protect? If you are protecting a mortgage, the term will be equal to the mortgage term. If you are protecting lifestyle it could be until retirement.
These policies can also be combined with critical illness protection, which pay out in the event of the diagnosis of a serious illness (heart attack, stroke or cancer). Should you chose to arrange a policy you will be required to pay a monthly premium. The cost of these policies will vary depending upon your health, age, sex and whether you smoke.
It is suggested that most people with children or other dependants should have sufficient life assurance to ensure that their mortgage is repaid should they die before the end of the mortgage term. There may also be a need to provide your dependants with an additional lump sum, which can be used to produce income thereby maintaining your family's standard of living. Consideration should also be given to effecting cover against diagnosis of a critical illness.
In addition, you may wish to affect enough cover to replace your income in the event of you being unable to work, i.e. the sum assured provided by the Term Assurance policy will be used to provide an annual income to replace your earned income which will cease on death.
If you are unsure how much Term Assurance you wish or need to effect, contact one of our expert now
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