Life Insurance & Mortgage Protection

If the unthinkable were to happen, how would your loved ones cope?

What is Life Insurance?

Life insurance (also known as ‘life assurance’ or ‘term assurance’) is a policy that pays out a lump sum in the event of the policyholder’s death, with the purpose of protecting loved ones and dependents against financial hardship.

Life insurance is usually available on a single or joint life basis with benefits including paying out on the diagnosis of a terminal illness. If the policyholder is alive when the policy expires no payment is made and, should the policyholder stop paying premiums at any stage, the policy will be cancelled and will have no value.

Most life insurance policies have optional extras, such as a waiver of premium. This means that the insurance company will pay your premiums to maintain the benefits under the policy if you become ill or injured and cannot work.

Critical illness cover can be included within life insurance policies. For more details on this type of cover please see our critical illness page.

Why do I need Life Insurance?

No one likes to think about how our loved ones would cope should anything happen to us, but it’s important to make sure that they are protected should the worst happen.

While no amount of money can replace you, life insurance can help your loved ones to cope with financial burdens at what is already, a difficult time.

Among the reasons to take out life insurance are:

Whether it’s about clearing your debts or ensuring your family can maintain the standard of living to which they were accustomed, it’s clear there are plenty of reasons to have life insurance in place.

What are the typical options available?

The main types of life insurance are listed below:

How much will it cost?

The cost of your life insurance will depend on several factors, such as the amount of cover you want and the length of the term.

Of course, it is also based on the likelihood of your insurer having to pay out. Thus, if you are a smoker with medical issues and work in a dangerous job, you will pay more than a healthy, non-smoking office worker.

The rates quoted below are typical non-smokers rates, with no medical conditions, based on a fixed term of 20 years. The monthly premiums are guaranteed and will NOT increase.


All rates quoted above were obtained on 27th October 2009.

For further information and to obtain a FREE, personalised quotation please contact us.

I already have Life Insurance

The cost of life insurance has become very competitive over the past few years.

If you set up your cover a while ago why not take advantage of obtaining a quote from us and see if you can reduce what you currently pay.

As we are Independent Financial Advisers we will research the whole of the market to obtain the lowest cost suited to your circumstances.

Have your liabilities recently increased?

Keeping the amount of life insurance required in line with your liabilities is extremely important, yet many people forget to increase their life insurance, for example, when re-mortgaging.

For further information and to obtain a FREE, personalised quotation please contact us.


Jewell Pearce Davy & Co is authorised and regulated by the Financial Conduct Authority, registration No 118803
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