Life Insurance

pays out tax free money to beneficiaries in case of death.

there is a term insurance and whole of Life assurance

term insurance is different from whole of life insurance

Life insurance

Life insurance is a type of insurance policy, which pays out a tax free income to your beneficiaries in case of your death.

Life Insurance covers you for a specific term you choose according to your circumstances. Its premium depends on the amount you choose  and on a number of factors which include age, health, lifestyle and type of policy etc. 

In Life Insurance you choose the amount of cover and the term of cover, that is the period of which the cover is valid for e.g. 20 or 30 years etc. This means that policy is only paid out if you pass away within the term. If you pass away after that term the policy will not pay out anything or refund anything.

There are three main types of life insurance:

1: Decreasing term policy, in which the size of pay out amount decreases with time. It is usually taken with repayment mortgage.

2: Increasing term insurance is a type of insurance in which the size of pay out amount increases with time. This type  of cover is a better option to cover inflation.

3: Level term policy, in which payout amount is fixed and stays the same regardless of time. It is a better option when you have an interest-only mortgage.

Life assurance

 Unlike Life Insurance ( Term Insurance) , Life assurance/whole of life Insurance has no specified term. You usually pay premium till death and policy is paid out when you pass away. Whole of life Insurance or Life assurance is more expensive than Life Insurance because the insurer always has to pay sooner or later. In this type of policy you usually pay premium for whole life but in some cases you can choose to pay until certain age. It depends on insurer and type of cover you choose.

There are different types of Life Assurance Covers available. If you are interested you can contact us and we can provide professional advice to choose right cover for you.

Family income benefit

Family Income Benefit is a type of Life Insurance policy, which is ideal for people with families. Instead of paying out a lump sum amount at the event of death it pays fixed monthly income to the beneficiaries which can be used to pay mortgage and other living expenses. It is for a specified term which could be at the end of a mortgage term or when the youngest child reaches the age of 21. It can be more useful and manageable for the family with young dependants as they can easily manage the budget on monthly basis instead of a whole lump sum.

 

oUR SIMPLE SALES PROCESS

Our Sales process is simple. We are based in London and if you want to visit our office you are more than welcome to, but if you can’t we can provide all our services via a phone call or online, so that you don’t have to travel.  

Our sale process consists of 4 simple steps:

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Once we have received your enquiry we will call you back at a time that is convenient for you and will discuss your needs and priorities.

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Once we have discussed your needs and priorities with you, we will search for the right product that meets your circumstances. 

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Once we have found a product for you, we will contact you back and provide you with a full illustration of the product. If you are happy with it, then we will start the application process.

We provide professional advice on all types of mortgages, protections and loans. 

Contact Info

  • 60 Cowper Road, London, SW19 1AB
  • 07894227950
  • info@call4finance.co.uk

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ARSHID MEHMOOD T/A   Call4finance is an appointed representative of  Connect IFA Ltd 441505 , which is Authorised and Regulated by Financial Conduct  Authority  and is entered on Financial Service Register (https://register.fca.org.uk/s/) under reference Call4finance  FCA No. 985276 .  FCA do not regulate some forms of Business Buy To Let Mortgages and Commercial  Mortgages to Limited companies. 

The information contained within this website is subject to UK regulatory regime and therefore targeted at consumers based in UK.

Your property may be repossessed if you do not keep up repayments on your mortgage. 

There will be a fee for mortgage advice, the precise amount will depend upon your circumstances.Your Consultant will confirm the amount before you
choose to proceed but we estimate it to be £499-999 or 0.5% of loan amount.

We are credit broker and not a lender . We have access to over 170 lenders . Once you contact us we assess your needs we will  recommend a lender or lenders that provide suitable product that meet your personal circumstances and requirements,  though you are not obliged to take our advice or recommendation. Whichever lender we introduce to you , we will typically receive commission from them after completion of the transaction. The amount of commission we receive will normally be a fixed percentage of the amount you borrow from lender. Commission paid to us may vary in amount depending on the lender and product. The lenders we work with pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.