The future is notoriously hard to predict which is why it is vital that we are prepared for whatever life may throw at us.
Life insurance (also known as life assurance) can cover your mortgage and financially support your dependents should the worst happen. It offers peace of mind in knowing that the people you care about most in the world will be protected should you suddenly pass away.
At TR Wealth, we offer two distinct types of cover – Term Assurance and Whole of Life.
Term Assurance is designed to pay either a lump sum or a regular income in the event of your death. In exchange for a monthly premium, the insurer will pay out a certain sum if you die before a pre-agreed date. If you survive the term, the policy will simply cease.
Whole of Life
This type of policy is usually more expensive since it offers cover for the whole of your life. Again, you pay a monthly premium and, in return, in the event of your death the insurance will pay out either a lump sum or the value of the invested fund, whichever is higher.
Our life cover specialists take the weight off your shoulders by assessing the best options for you depending on your circumstances. We will explain the benefits of each policy opportunity and complete all the necessary steps on your behalf.
Improving your Current Policy
If you currently have a life cover policy, we will execute a thorough review to ensure that it is sufficient for your current needs. If, for example, you have a larger mortgage than before, you’ve had more children, or inflation has eroded the value of the cover you previously effected, we will make recommendations on how best to improve your protection policy. Regular reviews are essential to ensure you have the most comprehensive cover for your present situation.
Our life cover specialists take the weight off your shoulders by assessing the best options for you, explaining the benefits (and disadvantages) of each policy type, thereby allowing you to make an informed decision on the most appropriate route.
With our support, you can rest assured that your life insurance policy will provide the most effective solution in both cost and cover and that we will consider all the factors to identify the best solution for your circumstances.