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Life Insurance Cover by | Today
is |
Life
Insurance Cover |
| Life insurance or assurance pays the agreed sum after death to the named beneficiary. A form of this insurance is called Mortgage protection insurance where the insured sum decreases over time whilst the mortgage is paid back. The value is tied to the remaining value of the mortgage. It can be argued that a mortgage insurance can be replaced by a life insurance, thus having a capital cover of which the available capital after paying back the mortgage increases as less cover is needed to pay back the mortgage. This may also be a more interesting option if you plan to pay back larger sums of the mortgage |
| Any insurer may stop paying when the claim results
from a criminal act, failure to follow medical advice, HIV/AIDS (except named
groups), self inflicted injury, war and civil commotion. The benefit presently is not taxable. The insurance is offered as level benefit, where premiums and claims amount stay the same during the insured period. Alternatively this can be Index-linked. This will be tied to the Retail Price Index and will be adjusted on a yearly base. |
| Cannon Healthcare, one of the few fully independent health
insurance advisors and brokers in the UK, will profile a modular cover for you
and do insist on giving full advice as well as explaining the potential pitfalls
of all of the above types of information or any combination thereof. You are welcome to either use our on-line request questionnaire (covered by a full privacy statement) or you can print and fax this questionnaire free to 0800 652 8451. Alternatively speak directly with Mr. David Cannon BSC or one of his fully trained staff ( Free 0800 652 8450). There you will receive no sales talk, just clear and conscious information to put you in a position to decide the best suited cover for your personal circumstances. |
| It is important to understand that each of these
types covers a specific risk and you may therefore need to think about insuring
the actual premiums. Why ? You make a claim on the Income Protection Cover and you have CI and LI insurance. The premiums for these will have to be paid to keep their respective risk cover. It is important to know that missing a premium payment will waive (eliminate) the respective cover. |
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