What is Life Insurance?
Life Insurance pays out a cash lump sum after the death of the Insured person. It is a type of financial protection to help support your dependants should you pass away.
Term life Insurance
This refers to a type of policy which runs for a fixed amount of time and will only pay out if the insured person dies during the policy period.
Whole of life insurance
This is a policy which runs for the entire duration of the Insured persons life and will pay out a cash lump sum when they die.
Decreasing Term Life Insurance
A Decreasing Term Life Insurance Policy is often used to cover a mortgage as the benefit amount reduces over time just as the balance of the mortgage decreases.
Life Insurance Broker
Thomas & Co are a specialist Life Insurance Broker, working with a broad range of providers we can source the best life insurance cover for your needs. We will advise you on the best life policy for your circumstance and help find you the best Low Cost Life Insurance.
Life insurance with pre-existing conditions
A pre-existing condition is a diagnosis or health issue that you have prior to buying cover. The good news is you can still get Life Insurance, depending on the condition, the premiums may be more due to an increased risk of making a claim. We can help people find the right Life Cover and have helped people find cover including some of the following pre-existing conditions:
- Asthma or other Breathing problems
- Mental Illnesses
- A Stroke
Can I get Life Insurance if I am over 50?
Yes, there are plenty of providers who can offer Life Insurance for those aged over 50,60 or even 70. We can help the over 50’s obtain Life Cover, our team can assist you in finding the right cover at the right price regardless of age.
Mortgage Life Insurance.
This type of Life Policy is often purchased as a Decreasing Term Life Insurance, and it will pay off your mortgage if you die. Please keep in mind If you are on an interest only mortgage you may need a standard life insurance policy for the full mortgage amount.