Life Assurance Cornwall
Is there a difference between life insurance and life assurance? This very important question requires clarification if you’re considering taking out life cover. To ensure you understand the options, Restormel Insurance Services will help you with what can be a tricky subject.
Life assurance can also be called a “whole of life” policy. It’s a type of insurance that will continue indefinitely and will pay out a lump sum in the event of the policy holder’s death, as long as they have met their monthly premiums. Premiums may be higher for this kind of life insurance, as the provider reasonably expects to pay out at some point in the future.
Your own personal circumstances will dictate the most appropriate life insurance policy for you. Before you go ahead, carefully consider your personal needs such as paying bills, the cost of childcare, covering your mortgage, or protecting yourself against an event such as a serious illness or your funeral costs.
Please contact us to find out more about the benefits of taking out one of our life assurance policies.