Life Assurance - Financial advisers, investment, protection, taxation, mortgages, business protection, equity release, wealth management and pensions advice - Warwick Road Financial Services Ltd

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This is cover that pays out on death. Some plans pay upon earlier confirmation of a terminal illness where the prognosis is death within 12 months. Proceeds can pay out as a lump sum or as annual amount for the remainder of the policy term.

Cover can last for a set term called Term Assurance, or can last throughout life, called Whole of Life.

The amount of cover can remain the same or increase/decrease annually. Level term assurance stays the same throughout. Decreasing cover is sometimes used to cover a reducing debt, such as a repayment mortgage and usually assumes a given interest rate. Provided your mortgage rates don’t exceed that rate, then the cover should reduce at around the same rate as the mortgage. The amount you pay is called the premium. It can either be guaranteed not to change, or it can be reviewable.

Reviewable cover normally changes based on the claims experience of the life assurance company.

Warning Text

THE PLAN USUALLY WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

Other Areas of Expertise

Rachael

Russell was knowledgeable and helpful

Russell was knowledgeable and helpful. He also proved flexible at moments when we changed ideas on what cover we needed.

Allson

Russell was very friendly and…

Russell was very friendly and informative in helping us choose what to do.

Andrew F

We have dealt with them for many years

We have dealt with them for many years, very helpful with diverse financial matters, trust them fully.

Phil

Financial advisor feedback

Jethro is professional, helpful and always goes the extra mile.

Janet G

Relevant advice

The individual advisor I deal with always provides helpful and balanced, and prompt guidance and support.

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