Life Assurance and Critical Illness Cover

Many individuals take out life cover, and sometimes critical illness cover, when they arrange a mortgage. This is very good financial planning but is the cover adequate? Generally speaking the answer is 'no'.

Statistics show that the majority of people in the UK are massively underinsured. This will leave many families in financial hardship should something happen to one of the bread winners.

As we have access to all the product providers within the financial services marketplace we can select the right level of cover at the most competitive premium available. As we have a great deal of experience of dealing with trusts we can ensure that, in the event of a claim, the policy proceeds are paid out to the correct individual very quickly and in a tax efficient manner.

Even if you have cover in place already it is important to make regular checks to confirm that the premium is still competitive. Life assurance rates have reduced significantly recently and many policies taken out a number of years ago, or taken out through a bank or building society, may not be offering good value. We offer our clients a review service where we check any existing cover against the rates which currently available.

Pannone LLP is authorised and regulated by the Financial Services Authority.

Call 0870 164 2372 now for a consultation with a Pannone Financial Services Adviser.