The most basic type of life insurance is known as ‘term insurance.’  With term insurance, you choose the amount you want to be insured for and the period for which you want cover. 

There are two types of term insurance:

• Level-term which pays out a lump sum if you die within the specified term, but the amount you're covered for remains level throughout the term – hence the name; and
• Decreasing-term where you're covered for decreases over the term of the policy. 

Other types of policy include Income Protection / Permanent Health Insurance which pays out if you're unable to work due to injury or illness; and Accident, Sickness & Unemployment Insurance which will provide you with an income to meet your outgoings if you are off work sick, have an accident or are made redundant.

To ensure that you get the right policy for you and your financial circumstances, it pays to seek professional advice. Call 01776 705040 today or email info@ajonesfinancial.co.uk to arrange an initial, no-obligation chat. There is absolutely no obligation on your part. And, what’s more, we never share your details with third parties for marketing purposes either.

Protection plans with no investment element will 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.