Life insurance Newcastle provides people with the peace of mind that their loved ones will not struggle financially if they were to pass away or be diagnosed with a critical illness.
Seven Bridges Life is a family-run independent life insurance Newcastle adviser. We use our extensive knowledge of the marketplace to find you the policy that will provide you with the best possible protection at the best price.
Do I need Life insurance advice?
You don’t always need professional advice before choosing a plan, but with the length of terms usually lasting at least 15 years, it is advisable to seek the help of a professional to ensure you have the ideal policy for your needs.
What are the benefits of life insurance Newcastle?
Calling on the help of a professional when taking out a life insurance policy
Our life insurance Newcastle advisers will ensure your plan ticks all the necessary boxes and ensure you are getting most out of your money.
Our clients benefit from our many years of combined experience within the financial and insurance sectors and our strong partnerships with insurance providers. Our team of specialists work with you to find your ideal policy, researching the marketplace on your behalf and providing a number of options.
Which type of policy is right for me?
The amount of cover you require, length of term and your current health will all factor into your final decision. There are several types of policies, all with their own pros and cons to consider.
Level Term Policy
The most common and simple type of insurance, a level term policy will pay out if you were to die within the agreed term.
Your loved ones will be provided with a lump sum which can be used to pay for any outstanding debts and maintain their standard of living.
Decreasing term policy
A decreasing term policy will provide a pay out that decreases year on year in parallel to your mortgage or another outstanding liability or debt.
This will allow for your family to pay off the remaining payments if you were to pass away during the term.
This is a good option for those whose dependants are able to cover other expenses themselves.
Family income benefit insurance
Rather than pay out as a lump sum, this form of insurance will provide your dependants with a regular payment to support them financially if you were to pass away.
Whole of Life Cover
A whole of life policy will pay out regardless of when you die. It is an ideal plan for those with a larger budget and is often used for inheritance tax planning.
Joint vs single life insurance
Joint life cover can make life insurance more affordable by providing protection for two people under the same policy.
However, if there are disparities in the amount of cover the two individuals need or if one of the policy holders is in poor health, it may be more appropriate to take out two separate policies.
To arrange a free consultation with one of our experts, contact us today at firstname.lastname@example.org