It offers a fixed period of coverage and pays out a one off lump sum if you die during the policy term.
Critical illness cover can be added to a life assurance policy at an additional cost. Your policy could then pay out the lump sum if you die or on diagnosis of a specified critical illness during the term of the policy. It also pays out if you are terminally ill, and you meet the definition, except in the last 12 months of the policy.
Life Assurance is designed for those who want to leave a lump sum in the event of their death within a specified time period. Term assurance can help protect your family and is particularly important if you have young children or dependents. The money can be used to help cover a mortgage, other loan or to help ensure that your family is protected from the effects of having to repay a debt after the main breadwinner has passed away. Our trained advisers will be happy to discuss your requirements and arrange a suitable policy for you and your family.
Affinity Mortgage Solutions Ltd is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. Registered Office: 10-12 Oxford Street, Daventry, Northants, NN11 4AD. Registered in England and Wales. Company number: 4565235