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Life Cover
Life Cover
Consider if you die:
Who will pay the mortgage, the utility bills and replace your income?
Have you made plans to protect your lifestyle and your loved ones if the unthinkable happens?
Life assurance will provide a back up plan and this plan can be designed around your circumstances.
An example:
John is married, 36 with twins aged 7, runs his own business and has a £200,000 repayment mortgage. His wife does not require life cover as she has a generous death in service package with her employer. In the event of his death he wants the mortgage to be paid off and requires an income of £2,000 per month to ensure his family keep their standard of living. The cost for this protection is £25pm* and the package provided gives John total peace of mind.
*Assuming John is non-smoker, mortgage protection term assurance of 20 years and life cover term assurance of 15 years to protect children until they finish higher education. Note: Life assurance rates are subject to medical and financial underwriting factors.
Please refer to the 1st Option Financial Consultants Limited
Planning Guide
to help you decide where your priorities are or contact us to discuss your options further.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Next Steps
To find out more call the 1st Option help desk on
0800 089 0110
or
contact us
via the website.
Calls to this number will be free from most UK landlines; mobile costs will vary.
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