Life insurance provides protection for you and your family in the event of your death with a lump sum if you were to die during the policy term. It can also be used to cover mortgage payments in case of an unexpected death. Life insurance gives you peace of mind knowing that your family will be taken care of should anything happen to you. If you have dependents or people who would be financially burdened by your absence, life insurance is the way to go. It's a form of insurance that pays out a lump sum when needed, so it's always best to have it as a safety net while living life to the fullest!
How can the Life Insurance funds be used?
These funds can help to make sure you and your family have the necessary financial assistance during this time. You could use them for essential expenses like rent or mortgage payments, debt repayment, and ensuring that you're able to maintain a comfortable standard of living!
We make sure the product is designed to fit your individual needs - with options for both the length and amount of coverage, we will make sure it's tailored just for your individual circumstances.
How do I know what level of cover I need?
At Embrace, we want to ensure that you have the best protection possible. Our team of experts will be available to help guide your decisions and make sure you are getting a level of coverage perfectly suited for your specific needs. We understand the importance of protecting yourself and your loved ones, so let us work with you to find a cover amount that fits both your commitments as well as available income. With our help, we can ensure you have the security for any unexpected event or life stage changes.
Types of cover
There are 2 different types of Life Insurance cover. Level cover means the cover amount stays the same throughout the policy term and Decreasing cover where cover amount is designed to decrease over time, broadly in line with the sum outstanding on a repayment mortgage. Our advisers will discuss the best option for you and your needs.