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What is Life Insurance?

Life insurance is a type of insurance that provides financial protection to loved ones in the event of the policyholder’s death. There are several types of life insurance policies available, including term life insurance, whole-of-life insurance, and critical illness cover.

  • Term life insurance is the most common type of life insurance 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 to loved ones 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 selecting a life insurance policy, it’s important to consider factors such as 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.

Life insurance can provide peace of mind and financial security for loved ones in the event of the policyholder’s death. It can help cover expenses such as funeral costs, outstanding debts and provide ongoing financial support for beneficiaries.

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What Life Insurance Policies Can We Provide?

Here at KGJ, we’re very proud to offer such a wide array of life insurance policies to our clients. Financial peace of mind should be accessible to everyone, and we work hard to ensure no matter your circumstances, you can take out a life insurance policy that covers your exact, bespoke needs.

Over 70s

Securing life insurance when aged over 70 is crucial for ensuring that your financial responsibilities are cared for. 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 and lifestyle.

Smokers and Vapers

Smokers and vapers face higher risks and therefore need specialised life insurance solutions. 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.

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.

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Why Choose KGJ for Life Insurance?

Understandably, life insurance is probably 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 wellbeing and 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.

KGJ are here to advise you on the many different types of personal insurance policies available and will find you the ideal, tailored policy that fits your situation and needs. 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 that we’ll be here to assist with any claims that need to be made when the time comes.

Contact us today for life insurance advice and policy brokerage.