Email: info@devonfinancialadvisers.co.uk 
Tel: 01769 574674 

Life Assurance 

Life Insurance Advice
We understand that of course you love your family and want to ensure they are taken care of in the event of your death, and applying for life insurance can be a confusing process.  
 
Town & Country Financial Advisers provide solutions according to the needs of you and your family. We understand as you go through the many stages of your life your situation changes and we are here to help you find the right solutions to meet your protection needs.  
 
We search through a panel of providers to help guide you to the most suitable product that meets your individual requirements. We are here to listen to your needs, offer advice and secure the right policy for you. 
 
What is Life Assurance? 
Life insurance pays out a cash lump sum of money that is paid out on the death of an insured person in exchange for premiums paid. Cover is usually on a fixed or decreasing basis. 
 
There are two main types of cover: 
 
Term Assurance – of which there are four types: 
Level Term Life Insurance – This type of policy pays out a fixed amount if you die within the term of the policy and ensures your loved ones will receive a lump sum of money. 
Decreasing Term Life Insurance – This pays out to cover an outstanding loan or debt, usually a mortgage, if you die within a set term. As the debt decreases so does the pay out. 
Family Income Benefit – This type of policy is designed to provide your family with an income in the event of your death. 
Gifts Inter Vivos Insurance – This type of policy is designed to cover the potential inheritance tax liability and usually has a term of seven years. 

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Whole of Life Assurance – of which there are three types: 
Non-Reviewable – There is either a one off lump sum payment or regular payments that continue for the lifetime of the policy. There will be no increase in payment or premium. 
Limited Payment Return – You pay a regular premium but only for a set term, usually the age of retirement, after this there are no further payments but the policy will pay the fixed amount upon death. 
Reviewable –Part of the premium is used to build up an investment fund. The amount you are required to pay wil be set on assumptions about what will happen in the future. These policies will need to be reviewed and also accrue a value and so can be cashed in. 

Town & Country Financial Advisers – Life Insurance 

We research the market when looking at Life Insurance to ensure you get the best product suited to your needs. At Town & Country Financial Advisers we can provide you with the best advice to help you make the right decision. We will find you a provider who will giver you the peace of mind and cover you need to ensure your loved ones are protected in the event of your death. It is extremely important to take financial advice to ensure you have a policy that is fit for purpose. 
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