Life insurance
Life Insurance for your family
If you died, would your family be able to keep the home and cover the bills? Life insurance can pay out to help protect the people who rely on you.
Talk to TonyAt a glance
- Pays out if you die during the policy term
- Can be set up to help cover a mortgage or provide a lump sum for your family
- Premiums depend on your age, health, smoking status and the cover you choose
What is life insurance?
Life insurance pays out a sum of money if you die during the term of the policy. Many people use it to help their family pay off the mortgage and cover everyday costs.
Who it may suit
Everyone's situation is different, but these are some of the people who often look at this kind of cover.
How it works with Tony
Good to know
- Cover ends if you stop paying your premiums, and most term policies have no cash-in value.
- Level term cover pays a fixed sum. Decreasing term cover pays less over time and is often used alongside a repayment mortgage.
- You will be asked health and lifestyle questions. Answer honestly, because incorrect answers could affect a claim.
- Policies can have exclusions, so it is important to read the policy documents.
Meet your adviser
Hi, I'm Tony Flynn
I'm a mortgage and protection adviser based in Carluke, helping people across Lanarkshire and Scotland.
I've spent 15+ years in finance and have been named Mortgage Professional of the Year at the Prestige Awards Scotland five years in a row. I'll explain your options in plain English so you know exactly where you stand.
Life Insurance questions
How much life insurance do I need?
It depends on your mortgage, other debts, income and family circumstances. Tony can talk through what may suit you.
What is the difference between level and decreasing term?
Level term pays a fixed amount if you die during the term. Decreasing term pays an amount that reduces over time, and is often used to match a repayment mortgage.
Will my health or lifestyle affect the price?
Yes. Age, health, smoking status, the amount of cover and the length of the policy all affect your premium.
Can life insurance be written in trust?
Often, yes. A trust may help the payout reach your chosen beneficiaries more directly. See our page on trusts for more.
What happens if I stop paying?
Your cover will normally end and nothing will be paid out if you die after that point.
Ready to talk it through?
A quick chat with Tony is a good first step. No jargon, no pressure.
Talk to Tony