Sometimes, the terms life insurance and life assurance are used interchangeably but it is important to realise that they are very different products.
Life Insurance is sold for a fixed term, very much like insuring any other risk, such as your home or car. Should you die during the term of the policy, then the policy will pay out. In short, there could be a claim.
Life Assurance is sometimes referred to as ‘whole life’ and it is usually taken out for the whole period of your life. Not a fixed term. However, some policies allow those that reach an old age (perhaps 85 years) to stop payment and still be entitled to a pay out when they die. In short, there will be a claim.
Life Assurance policies are often used as collateral for mortgages and loans. Life insurance will almost certainly be required (or advisable) when you have dependents and a large debt liability or other expenses that need to be met.
Our trained advisors are available to talk through the options explaining the cover, benefits and of course the costs.
To speak to our mortgage protection team contact us on 01628 507477.
Download our Free First Time Buyers Guide
Recent posts
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
Lloyds boost lending for first-time buyers
4 days ago
Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers on to the property ladder.
As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the First Time Buyer Boost criteria could borrow up to 22% more.
The government is introducing mortgage reforms to boost homeownership, stimulate economic growth, and make the housing market more accessible, especially for first-time buyers.
Chancellor Rachel Reeves has announced the most significant mortgage reforms in over a decade—great news for those dreaming of homeownership.
Nationwide ease their ‘Helping Hand’ mortgage designed to help first-time buyers get onto the property ladder by allowing them to borrow up to six times their income.
Ways to save money over the summer holiday
13 days ago
Keeping the kids entertained over the six-week summer holidays isn’t always easy, especially with the cost-of-living making it even more difficult. Below is a list of fun, inexpensive ideas to do over the break
The Financial Conduct Authority (FCA) has published a discussion paper about the future of the mortgage market in a bid to improve access for first -time buyers, self-employed, and those borrowing in retirement.
Ever wondered where the most reasonably-priced towns for families to buy are? Property company, Zoopla has identified the top 10 towns for families to live in the UK by looking at the most affordable towns, and how many people are looking in that area.
Increase in zero-deposit mortgages in 2024
18 Jun 2025
There was a 32% increase last year in 100% loan-to-value (LTV) mortgages which are mortgages that require zero deposit. According to a recent report by chartered accountants and business advisers, Lubbock Fine, the reason behind this is buyers simply struggling to save enough for a deposit.
More information
Trusted by
