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Life Insurance Advice in Essex

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Life Insurance Advice in Essex

Life's unexpected; be prepared. With a multitude of life insurance products, we'll ensure you find a policy that ensures peace of mind for your loved ones.

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How does life insurance in Essex work?

For those looking to buy life insurance, we do strongly recommend that you get in touch with a protection and mortgage advisor in Essex. They will be able to determine the most appropriate policy for you based on your requirements situation.

Life insurance policies provide financial assistance to your loved ones in the event of your demise, and can be used to settle mortgages, bills, and other outstanding debts. If you’re worried about leaving behind financial obligations for your family members after you’re no longer around, then life insurance could be a prudent decision for you.

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Life Insurance Advice in Essex

Do I need life insurance in Essex?

It is optional to take out life insurance when getting a mortgage or remortgaging, however, it’s key to evaluate your personal situation and determine if it’s beneficial for you.

In the case where you have a cohabitant, they have to take care of your financial obligation if something happens to you.

Being providers of slide insurance and mortgage advice in Essex, we do recommend even single homeowners look at a life insurance policy to secure their loved ones and assets.

When should I get life insurance in Essex?

As a mortgage broker in Essex, we recommend evaluating your life insurance choices when experiencing significant life events such as taking out a mortgage, starting a family, or getting married, which could impact your financial responsibilities.

Having life insurance provides reassurance by safeguarding your family’s finances in the event of unexpected occurrences. It’s prudent to be proactive and have coverage in place rather than burdening your loved ones with significant financial obligations like a mortgage. Life insurance not only protects you, but also guarantees your family’s financial stability.

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Life Insurance Essex FAQs

What is Life Insurance in Essex?

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By providing a lump sum payment to your beneficiaries as outlined in your policy, life insurance protects your family’s finances in the event of your passing. The specifics of the coverage amount and terms are determined by your unique situation.

That’s why our protection and mortgage advisors in Essex can assist you in assessing your choices and identifying the most suitable policy for your needs. Purchasing life insurance is essential to ensure that your loved ones are safeguarded in the event of unexpected circumstances.

How does the process work for life insurance in Essex?

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The cost of a life insurance policy varies depending on the type of policy you choose. We have served clients of all ages seeking life insurance over the years. While younger and healthier individuals typically have lower premiums, that is not always the case.

The quote is determined by various factors such as lifestyle, age, and medical history. You have the option to choose between a lump sum payment or monthly payments. As the policyholder, you also get to decide how the payout will be utilized, such as settling a mortgage or debts.

The purpose of life insurance is to provide financial support to family members and replace lost income if the policyholder passes away.

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Our Simple Mortgage Process

Free 30 Minute Insurance Review

Step 1

We do strongly advise that you get in touch with a mortgage & advisor in Essex if you are seeking life insurance.

Our team can help you in explaining different policy types and will recommend the best options for you based on your situation.

We Will Search Through Different Insurance Products

Step 2

We acknowledge that each client's needs and budget are unique and will find an insurance policy that fits your budget and provides the necessary protection.

Our team has access to a wide range of insurance products and will find the best options for you and your family.

Trust us for expert life insurance advice in Essex to ensure you are protected.

Submit Your Insurance Application

Step 3

When we have selected the best insurance product for you, we will submit your application to the insurance provider.

In some cases, the provider may request further information or documents and our team will help you in providing all the key details.

Protecting You and Your Mortgage

Step 4

When recommending the best product for you we will look out for any changes in your personal circumstances like age, health or lifestyle.

We strive in finding you the best insurance policy that provides you with the protection you need at a cost that fits your budget.

Reasons to Choose Us

Free Protection Review

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Get in touch with us by visiting our website, emailing or calling us. We are available 7 days a week to answer any mortgage questions you may have and help you find the right insurance coverage for your needs.

If you are looking for more information about our team can help you protect your loved ones and ensure a secure financial future, please contact our team today.

Search The Market

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As a mortgage broker in Essex, our team have extensive knowledge of the insurance market and can advise you on any changes or updates that could impact your policy. Here at Essexmoneyman, our team work hard in finding you the best policy at the most competitive price and keep you updated throughout the process.

Please don't hesitate to get in touch with our team for more information about our insurance services and how we can help you get the coverage you need.

Our Service

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It can be a difficult situation to choose life insurance, however, it is important. Our team of advisors in Essex can provide a helping hand to get you through the process and find the most appropriate policy for you.

As well as this, our advisors can help you answer questions regarding coverage amounts, policy options and the application process. Get in touch with our team to schedule your free protection review and kickstart the journey of finding the right life insurance policy for you and your family.

7 days a Week

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Our role is to provide you with the information you need to make the most suitable decision for you and your family. You may be interested in taking out a simple life insurance policy or may be interested in taking out a more complex insurance plan. Either way, our team are here to help! Get in touch with our team today and schedule your free protection review.

Malcolm and Amy Davidson - Mortgage Advice in Essex

Finding you the Right Life Insurance Deal in Essex

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Different Types of Life Insurance in Essex

The Whole of Life Insurance

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Whole life insurance is a life insurance policy that covers the policyholder for their entire life, as opposed to a predetermined term.

Different to term life insurance, which only provides coverage for a certain amount of time, whole of life insurance offers lifetime coverage.

Those who are looking for family protection and are wanting their loved ones will have financial security in the event of the policyholder’s passing will normally choose this type of policy. As well as this, it can be used for inheritance tax planning.

You may find that whole of life insurance is more expensive than term life insurance because it is expected to pay out at some point.

Term Assurance

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“Staircasing” is a term used in the housing industry to describe the process of requesting to increase the share of a property owned by a homeowner from the local authority and building society.

For instance, if a homeowner initially owns only 10% of the property, they should have the option to purchase an additional 25% if it becomes affordable in the future.

During the purchase process, it may be possible to have a conversation regarding the potential opportunity to purchase additional shares in the future.

Family Income Benefit

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Instead of receiving a lump sum payment upon the policyholder’s death, Family Income Benefit provides monthly instalments. This alternative to term assurance is a popular choice for families, especially those with young children.

In Essex, one of our insurance specialists will suggest a combination of insurance types to maximise the benefits of your new policy for you and your family.

Joint Life Insurance

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Couples in a relationship can consider a shared single-life policy. This policy pays out when one of the policyholders dies, and it can be a more affordable option than two separate policies. However, the policy will end after one payout.

Death in Service

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Some employers provide a Death in Service policy for their employees, which pays out a lump sum if the employee dies while still employed. This policy is not tied to the job or workplace and usually ends when the employee leaves the company.

Our Insurance Advice Service in Essex

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We believe that everyone should have equal access to life insurance advice, which is why our insurance review is free. Booking an appointment with a protection advisor in Essex is quick and straightforward.

In addition to life insurance, we’ll also review other products during your insurance review, such as critical illness and income protection.

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Essexmoneyman.com & Essexmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.

UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

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