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Mortgage Life Insurance - This would be used to cover your Mortgage, or any other forms of Debt that you may have. You can also add Critical Illness Insurance.
Term Life and Critical Illness Insurance - This is generally used to protect your family. It can also be used for Business Protection reasons.
Family Income Benefit Insurance - This pays a monthly benefit amount in the event of a claim, and is used to protect your family if the worst was to happen. Critical Illness Insurance can also be added.
Important: If you're Life Insurance policy is being used for any other reason than protecting your Mortgage, then it will almost certainly be best placed in Trust. Not placing your Life Policies in Trust can sometimes result in the benefit being wasted on paying an Inheritance Tax bill, as opposed to going to the people that you intended it to. Please ensure that you speak to one of our advisers to take advice on whether or not your policy needs to be placed in Trust.
If you are unsure of what plan best suits your needs, then please call the freephone number 0800 0131176, where an adviser will be able to take some details, and then recommend the most appropriate solution for your Protection Needs.
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