Life Insurance: Finding the Right Cover for Your Financial Protection
Talking about life insurance can be tough, but it's important for making sure your loved ones are financially protected in unexpected situations. While it might not be a fun subject, knowing the different types of life insurance—like life assurance, critical illness cover, and terminal illness benefits—can help you choose the right coverage.
Based in Reading, our team of advisers can explain everything, helping you pick the right cover. Don’t wait to get the peace of mind that comes with good life insurance.
Take out a plan today to prepare for the future
LIFE INSURANCE ADVICE
Find out all you need to know about how life insurance policies can take care of your loved ones once you’re gone.
TERM LIFE INSURANCE
Safeguard your family's future by exploring the best financial protection and term insurance options. Securing the right coverage for a specific period, such as alongside your mortgage, can protect your loved ones against unforeseen events, ensuring their financial stability and quality of life.
ADVICE ON PREMIUMS
It's not always clear what the right cover may look like. Our friendly team will explain everything in as much detail as you need.
NO UNEXPECTED FEES
At Beechwood Mortgages, all our policies are clearly defined, ensuring you won't encounter unexpected fees or additional charges when securing the right cover. Rest easy knowing that your life insurance policy can provide a cash lump sum when you need it most.
The Importance of Choosing the Right Life Insurance Policy
When dealing with the loss of a loved one, the last thing you want to worry about is finances and home security. It’s important to secure your family’s future, and having a life insurance policy is a key part of that plan. With the right coverage, including options for critical illness or terminal illness benefits, you can provide financial protection for your loved ones.
It’s never too early to set up your life insurance; taking care of this now ensures your family receives a cash lump sum and is protected after you’re gone. Consider joint life insurance for extra peace of mind.
As with all insurance policies, conditions and exclusions may apply.
Why should you take out life insurance?
Taking out an insurance policy that will provide some comfort in the event of you passing away can make a big difference to your loved ones. As with other insurance types, life insurance can be tailored to suit your individual needs. The benefits of these policies include: •Peace of mind about the financial future of family and loved ones •Guaranteed financial support after you are no longer around •Avoid paying inheritance tax •Ensure your family can maintain a reasonable standard of living
How can we be of help?
Whilst there are many insurance providers on the market, navigating these and understanding their varying terms isn’t always as straightforward as it should be. Our goal is to offer support and guidance to make it easy. Your policy premium will depend on your age, health and lifestyle, not to mention the most suitable cover for your current situation and what you wish to happen following your death. No matter what type of life insurance you require, we can help you establish which is the most appropriate to suit your needs.
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Do all mortgage brokers charge fees?No, not all mortgage brokers charge fees, and Beechwood Mortgages is proud to be offering fee-free mortgage services to first time buyers in 2024. (terms & conditions apply) As a mortgage broker, we earn our fees directly from the lender, so in most cases you don't have to worry about paying any additional fees for our assistance. We are committed to helping you find the best mortgage deal without adding any financial burden. Our goal is to make the mortgage process as transparent and cost-effective as possible for our clients. Check out our full fat version Do All Mortgage Brokers Charge Fees? for a complete rundown on broker fees and what to look out for.
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What does a mortgage adviser do?A mortgage advisor will do the leg work for you, offering in-depth knowledge of the property lending market, helping you overcome challenges, and offering exclusive access to a database of banks and building societies. What's more, they offer a level of support that streamlines the entire process. You can learn more by visiting our article, Benefits of Working with a Mortgage Broker.
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How can I get the best mortgage advice?You can seek advice on mortgages directly from lenders such as banks or building societies. Alternatively, you can go to a whole of market mortgage advisor or broker who will search and compare numerous products at the touch of a button. Check out Benefits of Working with a Mortgage Broker for more information.
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Is mortgage advice free?The cost of mortgage advice depends on the terms and conditions of the broker / adviser you are working with. Many mortgage brokers will charge for their services and the amount payable will usually depend on your requirements, their own workload and perhaps on the value of your mortgage. We offer a free consultation every time and will quickly confirm if there will be any charge for our services and support. In the majority of cases, we will receive a commission from the lender once a mortgage starts. It’s important for you to clarify terms and conditions with mortgage advisers from the start so that you are aware of any charges and financial responsibilities you may incur. Check our Fees page for a full rundown on broker fees. You can also visit our page Do All Mortgage Brokers Charge Fees? for further information.
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Do banks charge for mortgage advice?No, banks will not charge an advice fee. You do however need to remember that they will only recommend their own specific products. All lenders charge varying fees and this will be no different if you work with a mortgage broker. Whole of market mortgage advisors / brokers are more likely to provide an impartial perspective on the most suitable and competitive mortgage products and via a huge variety of lenders. Many brokers will charge a fee, for more information check out our article, Do All Mortgage Brokers Charge Fees?
