Life cover (also known as life assurance or life insurance) offers you and your family financial protection when you need it most. Some things in life you just cannot plan for. If a partner dies unexpectedly, could you manage the continuing financial commitments? If it happened to you, would your loved ones be able to cope?
With life cover there are so many factors to consider that it vital that you seek expert advice. Your dot advisor will help you complete a review of your current circumstances in order for you to be able to prioritise your needs. Together we can find the best product to suit your needs and budget.
At dot we have considerable experience in arranging life cover, so if you would like to benefit from our expertise, please contact us today.
You may be surprised at the costs for such cover, as the examples below show:
- For a male aged 23 next birthday and a female aged 22 next birthday, both of whom are non-smokers, who need life cover of £150,000 over 25 years, the cost is only £13.27 per month
- A male aged 30 next birthday and a female aged 29 next birthday, both of whom are non-smokers, will pay just £18.55 per month in order to provide life cover for a mortgage of £200,000 over 25 years
With the help of your dot advisor, you choose how much cover you need based on your own financial situation and whether you want the amount of cover to remain the same over the term of the plan (known as level cover) or decrease over time to protect the outstanding capital of a repayment mortgage (known as decreasing cover).
You must make monthly payments throughout the term of the plan. If you stop your payments the plan will stop and you will receive nothing back. The plan will never have a cash-in value.
dot financial services is authorised and regulated by the Financial Services Authority (FSA). Registered number 305221. The rates shown are for illustrative purposes only
