A term assurance policy has no cash value unless a valid claim is made.

Astute Protection

Life Insurance

Life insurance offers a vital layer of financial protection, ensuring your loved ones are supported in the event of your death during the policy’s term. It provides the reassurance that family members can maintain their lifestyle, manage essential costs, and plan for the future without undue financial strain.

Whether you are looking for individual coverage or a joint policy, life insurance is a practical way to safeguard your family’s well-being.

Why Have Life Insurance?

Life insurance is more than just a policy; it’s a way to plan for the unexpected and provide security for the people you care about most. By covering debts, ongoing expenses, or future goals, it ensures your loved ones have the means to move forward confidently, even in challenging times.

Astute Protection offers guidance to help you navigate the complexities of life insurance. With options to suit a range of budgets and requirements, we aim to help you find the right level of cover to match your circumstances. Let us help you take this important step towards protecting your family’s future.

Tailored Protection for Everyone

Astute Protection understands that every individual’s circumstances are unique. That’s why we provide a range of life insurance options, each designed to meet specific financial goals and challenges.

Level-Term Life Insurance

For those seeking straightforward coverage, level-term life insurance offers a fixed pay-out amount for a set period. The pay-out amount remains the same throughout the policy term, providing consistent financial support. For instance, a family might choose a £200,000 policy for 25 years to ensure stability during key life milestones, such as raising children or paying a mortgage.

With premiums that stay consistent, it’s a dependable way to provide for your family’s future. It’s particularly useful for families who want peace of mind knowing their loved ones will have the resources needed to cover significant expenses.

Decreasing-Term Life Insurance

This option is ideal for covering debts, such as a repayment mortgage. The cover amount decreases over time in line with the outstanding mortgage balance, making it an efficient and cost-effective choice. This ensures that if you pass away during the term, your family can cover the remaining mortgage balance providing peace of mind that your property is safeguarded.

By aligning with your mortgage, it allows you to protect your home without paying for more coverage than you need. Many choose to combine decreasing-term insurance with other policies for more comprehensive coverage.

Over-50s Life Insurance

If you’ve had difficulty securing traditional life insurance, an over-50s policy provides guaranteed acceptance for individuals for those who may struggle to secure traditional life insurance. Acceptance is guaranteed for those aged 50-85, making it accessible to those with pre-existing conditions or a history of poor health.

This type of policy provides a fixed lump sum that can be used for funeral costs, supporting a surviving spouse, or for inheritance. However, premiums are fixed and may result in the total paid exceeding the pay-out value if the policy is held for many years.

Family Income Benefit

Family income benefit is designed to provide regular, tax-free payments to your dependants rather than a lump sum. For example, if you select a policy that pays £10,000 a year for 10 years, and pass away five years into the policy, your dependents would receive just over £800 a month for each of the remaining five years.

This policy is particularly useful for families managing ongoing expenses, such as school fees, household bills, or general living costs. This can make budgeting easier for your family, helping to cover day-to-day living costs and ensuring financial stability in a way that mirrors a regular income.

Whole-of-Life Insurance

Designed to offer lifelong coverage, whole-of-life insurance offers lifelong protection, for a pay-out whenever you pass away. These policies are ideal for individuals seeking comprehensive and permanent financial security for their family.

While premiums are higher than those for term-based policies, the guaranteed pay-out offers reassurance. Common uses include providing for dependants, settling outstanding debts, or offering peace of mind that final expenses will not burden loved ones. This type of policy is an excellent option for those looking to mitigate inheritance tax liabilities, by choosing a plan that ensures that the pay-out covers inheritance tax bills.

Joint Life Insurance

Joint life insurance provides cover for two people under a single policy. Typically structured on a “first death” basis, it pays out once—upon the first policyholder’s passing—and then ends. This type of policy is often chosen by couples who share financial responsibilities, such as a mortgage or childcare costs.

Joint life insurance is an affordable way to secure coverage for partners, as it generally costs less than two separate policies. For example, both level-term and decreasing-term life insurance policies and be taken out for both people under one joint policy. However, it may not be suitable for families with additional dependants who require individual legacies.

How Does Life Insurance Work?

Life insurance works differently depending on the type of policy you choose. Some policies provide a fixed pay-out over a set term, while others adapt to your changing circumstances, such as decreasing alongside your mortgage balance. Our team will help you understand the options available, ensuring the cover you choose aligns with your financial goals and personal situation. Whether you want to protect your mortgage, provide for dependants, or leave a legacy, we’ll help tailor the right policy for you.