Life Insurance

Life insurance pays out a lump sum to your loved ones if you pass away during the policy term. This money can be used to pay off your mortgage, cover living expenses, fund your children's education, or anything else your family needs. The payout is free of income tax and capital gains tax, though it may form part of your estate for Inheritance Tax purposes unless the policy is written in trust. We can explain how trusts work as part of your advice.

Unlike other forms of savings or investments, life insurance guarantees a payout regardless of how much you've paid in premiums – as long as the policy is active when you pass away.

Premiums are typically fixed for the life of the policy, meaning your monthly payment won't increase as you get older. The younger and healthier you are when you take out a policy, the lower your premiums will be.