Gray & Associates is a firm of independent financial advisors specialising in providing advice on pensions, investments, Inheritance Tax planning, wealth and personal protection.
When it comes to life insurance, you’ve got options
The idea behind any type of life insurance is to have the reassurance that you have financial protection in place for you and your loved ones if the worst happens.
Term life insurance is a type of life cover that lasts for a fixed period of time (known as a ‘term’) – the payment is made all in one go. This type of cover is useful for providing financial security for dependents.
Protect your wealth and provide for your family when you die
A whole-of-life insurance policy is designed to give you a specified amount of cover for the whole of your life and pays out when you die, whenever that is. Some insurers will also let you include critical illness cover if you buy life insurance at the same time, as one, integrated policy.
Critical illness cover can help minimise the financial impact on you and your family if you become critically ill. It’s an option that can also be added for an extra cost to some life insurance policies.
