Jump to main content of pageaccessibility informationSitemap
5 Nov 2024
Get an instant life insurance Get an instant term life insurance quote Cheapest life insurance rate guarantee!
LV
Aviva
Vitaility Life
Royal London
Legal & General
AIG

Life Insurance News

IT contractors urged to have life insurance

Contractors should ensure they have life insurance to guarantee the financial future of their dependants by replacing the lost family income in the event of a death.

This has been stated by IT industry independent financial advisers Contractor Money, which has said it is vital for those working in the sector to take responsibility for their financial stability.

A variety of life insurance policies that can be tailor-made to suit every individual's needs are available on the market, including term life cover and whole-of-life insurance.

Consumers worried of the effect of their dependants getting a lump sum and subsequent lower incomes could opt for a family income benefit plan to complement a term cover, recommended the experts.

Designed to provide a set income after death for the entire term of the policy, this plan can not only cover household bills but help to educate children, said the firm which, however, recommended a level term policy.

This is because this policy "will pay the fixed sum regardless of how far into the term your death occurs" unlike decreasing cover, which can be low if death occurs towards the end of the policy.

A recent Scottish Provident poll revealed that cost is putting people off life insurance.

Do you want Advice on Life Insurance?

After you have compared the life insurance information on Go Direct if you would like Life Insurance Advice, please complete our life insurance enquiry form and we will contact you to discuses your insurance needs.

 

You may also be interested in:



Go Direct.co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Financial Services is a trading style of Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority. FCA Number 456600

Life Insurance uk | Mortgage Life Insurance | Critical Illness Insurance | Income Protection Insurance Quotes | Life Insurance Advice | Term Life Insurance | Decreasing Life Assurance | Critical Illness | Income Protection | Accident Sickness Unemployment | Whole Life Assurance | Remortgage | Accident Sickness Unemployment Cover | Pension Term Insurance | Site Map

IT contractors urged to have life insurance