Why might you need life insurance?
The payout of life insurance may be a lump sum or a regular income.
There are various reasons why life insurance might be needed:
- Paying off a mortgage or a loan if the borrower dies.
- Protecting a family against the early death of a spouse, partner or parent with family life insurance.
- Protecting financially independent children against the loss of a guardian.
- Paying for a funeral.
- Paying for inheritance tax.
- Protecting a business against the financial consequences of the loss of its owner.
What type of life Insurance?
There are many different life insurance options out there.
These include level term, renewable term, increasing or decreasing term, mortgage protection and family income benefit.
There are also other types of insurance that you might require, such as health insurance, critical illness insurance, income protection insurance, family life insurance, life insurance for over 60s, medical insurance and unemployment insurance.
How can Acumen help with life insurance?
We tailor the life insurance policy or solution to you.
Acumen can make sure you are covered for all the eventualities you want to be covered for at the most cost-effective price with quality life insurance advice.
- In-depth analysis of your situation – we embark on a fact-finding mission to understand your personal circumstances, your worries, concerns and attitude to risk.
- Help you identify your priorities – we help you prioritise what is important to be insured against now, and what might need to change in 10 years’ time.
- Recommend tailored solutions – we put together a tailored life insurance plan, taking into account your other financial circumstances and investments.
- We advise on using trusts and on the most tax-efficient way of ensuring your money gets to the right people at the right time.
Acumen offers independent advice on the best way to achieve your aims and helps to ensure your investments realise the outcomes you want for your children. For independent investment and property investments advice, contact Acumen today. Call 0151 520 4353 or email [email protected] today.