Life Assurance
In a perfect world everyone would live to be a 100, no one would ever suffer an illness or lose their job but unfortunately as we all know life very rarely works out like this and therefore should misfortune strike it’s important that you and your family are protected financially so that your plans for the future are not affected.
At Blowfish we believe that quality independent financial advice is essential to ensure that clients get the most suitable advice on which insurances are best for them.
- Life Assurance – If you die unexpectedly, this provides a cash lump sum or income for the people who depend on you. There are two main types of life insurance: whole-of –life insurance and term assurance
- Whole-of-Life insurance pays out an agreed lump sum whenever you die.
- Term Assurance is the cheaper of the two, as it pays out the agreed lump sum only if you die within the term you’ve agreed. Once the term has ended, you get nothing.
- Mortgage protection insurance is a type of term assurance where the amount of cover decreases over the term of the policy. It is usually designed to tie in with the outstanding amount on a repayment mortgage.
- Family income benefit is the cheapest type of term insurance, which pays out an income (rather than a lump sum) for the rest of the term.
- Critical Illness – This pays out a lump sum if you’re diagnosed with a critical illness. All critical illness policies cover a standard 23 illnesses including cancer, strokes and heart attacks with most covering additional illnesses. This lump sum could be used to pay for specialist medical treatment, to pay off your mortgage or for anything else.
- Income Protection – Also known as permanent health insurance (PHI).It replaces part of your income if you are unable to work for a long time because of illness or disability. It continues to pay out until you return to work, die or the policy term expires whichever happens first.
At Blowfish we don't adopt a 'one size fits all attitude' as some of the direct providers seem to, we prefer to tailor our advice specifically to you and your family's individual needs.
Therefore, we believe in face to face advice so that we can explain all the different types of protection plans available. What’s more, as we are independent financial advisers you can rest assured that you will be getting the most competitive insurance policy in the marketplace whatever your needs so that you and your family can sleep at night, safe in the knowledge that should the very worst happen your families finances won’t be thrown off course.