Life Insurance

Life Insurance is an essential element of one's financial planning: providing real peace of mind.

No one likes to think of the time when they are no longer around, but it's important to protect the things that matter most when the unexpected happens. Your loved ones are often already left emotionally vulnerable at this time, which is then often compounded if they are unable to manage financially after the loss of the breadwinner, as they may be in jeopardy of losing their home and lifestyle as well.

Life insurance pays out a lump sum on death, thus providing a financial safety net for your loved ones. This money can then be used to clear debts, such as an ongoing mortgage, or to fund everyday living.

Mortgage protection is often used to protect your family from losing what is often the biggest asset – their home, by paying off the loan. There are many ways to structure such a policy and professional guidance is often required. Life insurance can give a degree of reassurance to yourself and your loved ones. It's relatively quick and easy to set up and it doesn't necessarily need to be expensive.

By paying a relatively small premium each month, your family will likely receive a comparatively large tax-free cash pay-out if you die during the term of the policy.

There are various forms of life cover, each to fulfil a different need, from whole of life to level to term. Other additional options are available, such as waivers of monthly premiums in case of ill health and indexation against inflation. Everyone's protection needs are different which is why it's important to understand what the right cover is for you. For many though, this can be confusing. We are able to give you the guidance you need to find the right plan for your specific demands and needs.

As life circumstances change as we age, our needs and requirements likewise change. It is therefore important to review our existing policies to see if they are still current and relevant to our existing circumstances. Have you recently bought a home, got married, had a child, or any other life changing event since you had taken out a life insurance policy? Is it time for a review? Or perhaps it is just time to get a new quote? Let us at Windom Finance give you guidance so you can have peace of mind that your loved ones will be cared for when you are gone.

These plans have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.