If you rent your property you will still need the same protection as if you had a mortgage. What would happen if you became ill and couldn't pay your rent? Regardless of your living arrangements, a life insurance plan can be used to protect you and your family from financial strain should you become ill and unable to provide for them.
Given that the cost of life insurance has never been cheaper and is particularly inexpensive for younger couples, it really makes sense for people to consider taking out personal protection cover. Personal protection may cost less than you think. Use our handy Life Cover Calculator to estimate how much your premium will be.
Whole of life cover is an insurance plan that lasts for a whole lifetime, and is not limited to a specific term. If you pass away this policy will provide a lump sum payment to your family, which could be used to continue paying for your family's rental property. Find out more about Whole of Life Cover.
People are living longer than ever before. As a result, the chance of being diagnosed with a serious illness at some point in your life is greater. Many illnesses that were once incurable can now be treated successfully. However, this can lead to additional expenses while you recuperate. Knowing that your financial outgoings such as rent are covered, should help ease the burden. Find out more about Serious Illness Cover.
You'll no doubt have lots of questions when it comes to choosing the right kind of life insurance. How much life cover do I need, how much will I have to pay per month and who will the life cover protect? Helping you make the right decision for you, our advisors are on hand to talk you through your options and to help you find the product that suits you the best.