Life Insurance

Here at One Call Mortgage Hub, we offer a range of life insurance products:

• Level term life insurance
• Decreasing term insurance
• Critical illness cover
• Whole of life insurance

Level term life insurance

Level term is the most basic form of life insurance, covering you for a fixed period of time at a fixed price.

You can choose how long your cover will last for, for example 5, 25 or 50 years, but it is important to note that you’ll only be covered for a fixed period of time.

Compared to most forms of life cover, term life insurance is usually the cheapest form of cover and is paid as a one off lump sum if you pass away during your term life insurance policy.

As with any insurance policy, there is always an option for you to add additional cover, for instance Critical Illness Cover.

It is important to note that premiums can vary from person to person. We will calculate the cost of your premium based on factors such as your health, age and life expectancy.

Is level term life insurance cover right for me?

If you’re looking to help provide your family with financial protection after you’ve passed away, a term life insurance is one to consider. You can pick the amount of cover you need and the length of time you would like to be covered for and you can base this on your personal circumstances.

If you are a parent or have dependents, this form of life cover could be useful as it will cover the financial implications triggered by personal tragedy. For example, covering the cost of raising your child or funding for them to go to university.

Likewise, depending on the age of your children or dependents, you may wish to take out a longer or shorter length of term life assurance cover. If your children are in their late teens, you may not need a cover as lengthy as you would if they were a baby.

To find out more information about term life insurance, or if you would like to arrange the setup of a plan, request a call back and a member of our team will get in touch with you as soon as possible.

Decreasing Term Insurance

Like term life insurance, decreasing term insurance is paid over a fixed period of time and will pay-out a lump sum when you pass away. The pay-out can be used to help your loved ones pay off any of your outstanding financial commitments, such as an unpaid mortgage.

This can work out slightly cheaper than other forms of life cover as the cost of your premiums are lowered throughout your policy term. However, if you were to die towards the end of your policy term, your pay-out will be much less than what it would be if you die at the start of the policy term.