If you have a mortgage to pay, or dependants, then you need life assurance, it's as simple as that. A life assurance policy would help repay the mortgage on your home after your death, and ensure that your partner or family would not be left with financial difficulty to add to their grief.

The solution is Term Life Assurance which can be taken out to protect most long-term financial needs and liabilities. For example, you can arrange for a term life assurance policy to match the repayment term of your mortgage so that if you die before the end of the term the life assurance lump sum will clear your mortgage debt.

It is also the cheapest form of life assurance which pays out a lump sum if you die within a specified period. If you are still alive at the end of the term no payment is made. This is why it is cheap because life assurance companies cannot justify a high premium if it is possible they will not have to make a payment.

There are different forms of life assurance and we can help you choose the right option to suit your circumstances.

This is the cheapest form of life assurance cover. Here you decide the premium you want to pay and the length of the life assurance policy and these terms remain constant over the duration of the life assurance policy. If the life assurance policy expires before you do there is no payout, nor can you cash it in (surrender term) during the lifetime of the life assurance policy.

Under this life assurance contract, the sum insured reduces each year over the term of the life assurance policy. For this reason it is often liked to mortgage repayment when it is commonly referred to as 'mortgage protection assurance' where the level of life assurance cover reduces in line with the reducing loan on a repayment mortgage with a standard decreasing term life assurance sees the sum insured reduces each year over the term of the life assurance policy by a fixed amount.

The life assurance policy provides options at the end of the life assurance term to convert into a permanent policy such as an Endowment or Whole Life assurance policy, without having to provide further medical evidence.

These life assurance policies offer the opportunity to extend the life of the life assurance policy at the end of there short term - 5 to 10 years. Once again you will be offered life assurance irrespective if your health has deteriorated when you come to renew.

This Life Assurance Policy allows the amount of life assurance cover to increase, either by a fixed amount or a  percentage each year, typically by 5-10%. There are some life assurance contracts where the sum insured can be increased without evidence of health being provided (such as the birth of a child, marriage, promotion). The right to increase the sum assured on the life assurance usually ends when you reach 65 although some providers may continue to increase it until later.

This life assurance policy pays out a regular tax-free income in the event of the insured's death to his or her dependants for the remainder of the life assurance term. Life assurances are usually written on a joint basis, which means income payments are made as soon as one partner dies. As an optional extra, life assurance benefits can increase in line with inflation.

Which policy? Complete the online enquiry form and we can guide you through the range of life assurance policies available and help find the right one for you.