What is Life Insurance?
Life insurance provides financial protection to loved ones in the event of the policyholder’s death. It can help cover expenses such as funeral costs, any outstanding debts and provide ongoing financial support for beneficiaries. There are several life insurance policies available, including term life insurance, whole-of-life insurance and critical illness cover, among other types of health insurance. Policies are normally sourced through life insurance brokers such as us, ensuring you find the best life insurance provider and receive real value for money.
- Term life insurance is the most common type in the UK. It provides coverage for a specific period, usually between 10 and 30 years. If the policyholder dies during the policy term, their loved ones receive a lump sum payout.
- Whole life insurance provides coverage for the entire life of the policyholder, rather than for a specific term. It can be more expensive than term life insurance but offers lifelong coverage and a guaranteed payout upon the policyholder’s death.
- Critical illness cover is a type of life insurance that provides a lump sum payment if the policyholder is diagnosed with a serious illness or medical condition. The payout can be used to cover medical expenses, replace lost income or pay for other expenses.
When choosing life insurance, it’s important to consider the amount of coverage required, the length of the policy term and the cost of the policy. It’s also important to read the terms and conditions carefully as policies may include exclusions and limitations. A life insurance broker like KGJ will ensure you fully understand your policy.
Life Insurance Brokers: What Policies Can We Provide?
We’re proud to offer such a wide array of life insurance options. Financial peace of mind should be accessible to everyone, and we work hard to ensure you can take out a life insurance policy that covers your bespoke needs. That’s what makes us the best life insurance provider for our clients.
Life Insurance for the Over 70s
Securing life insurance when aged over 70 is crucial for ensuring that your financial responsibilities are cared for after you are gone. KGJ specialises in providing policies that offer significant benefits, such as covering final expenses and leaving a legacy, all tailored to fit your unique circumstances.
Life Insurance for Smokers and Vapers
Smokers and vapers face higher risks and therefore need specialised smokers’ life insurance solutions. As an experienced life insurance broker, KGJ will source policies that specifically address these needs, providing fair premiums and specifically covering the health risks linked to smoking and vaping, ensuring comprehensive protection.
Life Insurance for Women
KGJ sources life insurance that encompasses many benefits, from maternity coverage to critical illness protection, focusing on long-term security and tailored financial solutions that empower and protect women at every stage of life. Each policy is designed to adapt to changing life circumstances, offering peace of mind for the future.
Selecting The Best Life Insurance Provider
Understandably, life insurance is something most of us don’t like to think about. But the benefits that a robust life insurance policy will provide to our nearest and dearest are vital for achieving a true sense of financial peace of mind. And, while many may think about life insurance as a policy that helps after we are gone, critical illness insurance can be an essential factor in maintaining financial security – and personal comfort – in the event of a serious illness.
Life insurance brokers like KGJ are here to ensure you find the best life insurance provider for your unique circumstances and to advise you on the different types of policy available. Whether you’re looking for term life insurance or whole life insurance, with or without a critical illness insurance component, our experienced advisors will cut through the noise to single out the very best cover for you. And with KGJ on your side throughout, you can rest assured we’ll be here to assist with any claims that need to be made when the time comes.
Contact us today for life insurance brokerage and policy advice, no matter your age, background or needs, and we’ll find you the best coverage.
FAQs
How do I know if I really need life insurance?
Life insurance is a crucial type of personal insurance for ensuring your loved ones are not burdened financially upon your passing. As an experienced life insurance broker, KGJ can assess your needs to determine the appropriate level of coverage. Our discreet, professional services ensure you’ll walk away with true financial peace of mind.