Life Assurance

Protecting you and your family

Life insurance is a type of insurance contract which pays out a lump sum to your dependants should you pass away during the term of the contract. The cost of a policy is determined by a number of factors including your age, health and lifestyle.

Most people, especially those with a mortgage and financial dependents would benefit from a life assurance policy, as if they died unexpectedly the mortgage debt will be left to their family to service. If the family couldn’t afford to repay the debt, or carry on making mortgage payments, they may have to sell the property to do this, putting strain on an already complicated and upsetting situation.

A life assurance policy would ease this burden by paying out a lump sum on death, which the family could use to repay the debt in full, or use this to service the mortgage payments.

Unlike most other insurances, the earlier you consider life cover, the cheaper it will be. Many of our younger customers cover their mortgages for maybe ten to fifteen pounds per month. Not very much when compared to the price of a few drinks at the pub, or maybe your daily coffee from the coffee shop.

Of course, a mortgage isn’t the only thing to consider taking out life assurance for. Others include family protection, business protection, or in some cases Inheritance Tax Planning. One thing is absolutely sure, you need honest independent advice in respect of all insurance. If you see an adviser that is ‘restricted’ you may be only getting a quote from one insurance company rather than 25 or more that operate in the UK.

You may already have life cover, but we would be delighted to quote across the market to see if we can beat it.

If you wish to discuss in more detail email or give us a call on 01726 829871 to speak to one of our expert advisers

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Welcome to Allshore Associates

We offer independent financial advice across almost every area of financial services, from advising you on your first mortgage, to ensuring you have sufficient pension resources in place for a long and secure retirement

With over 50 years of financial services experience between us, our dedicated team of advisers have a wealth of knowledge in their specific fields to find the right solution for you.

Here at Allshore, we understand that all of our clients are different. We are not a call-centre. You will be speaking to the same person throughout the whole advice process. We take the time to get to know you, offering you a tailored service to all of your financial needs.