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Life insurance
None of us want to think about dying or losing the people most precious to us. The thought of leaving behind our loved ones is painful. However, if you died how much more difficult would it be if your family didn’t have enough money to live on?
Black Lion Insurance provides advice to help you choose the most suitable life insurance policy for your circumstances. We work with leading insurance providers, including Aegon, AXA, Bupa, Zurich, LV, and many others.
If you have a mortgage, a partner or a family, or are considering future costs such as a funeral, you should consider life insurance. Life insurance offers peace of mind by ensuring financial security for your loved ones.
What is Life Insurance?
Life insurance is designed to pay out a tax-free cash sum to your named beneficiaries in the event of your death.
It is advisable to write your life insurance policy into trust, as this can allow for a faster transfer of funds to your loved ones. Please consult with one of our professional advisors to understand the benefits and implications of this.
Many life insurance policies tcover terminal illness, with a lump sum payable directly if your life expectancy is less than 12 months while covered by the policy.
However, you may also consider combining life insurance with critical illness cover, which includes serious illnesses such as stroke, heart attack, and cancer.
Life Insurance from Black Lion Insurance – Our Approach
Protection is at the heart of our offerings. We aim to provide you with the right information to help you decide which policy is right for you.
We want you and your family to be as financially secure as possible. Our goal is to help you avoid financial burdens.
Talk to us about your current circumstances, and what essential and other finances you would like the policy to cover after your death or diagnosis of a critical illness.
With our advice, you can choose the amount of cover and the duration you need it for.
At Black Lion Insurance, we want to help you get the right cover for your needs – a policy that suits your circumstances and reflects your budget.
Remember, we are independent insurance consultants with access to a wide range of insurance products and are not tied to any one insurer.
Life Insurance Trusts
A life insurance trust can be an effective way to protect loved ones. Upon your death, the trustee can invest the insurance proceeds and administer the trust for your beneficiaries. Contact us for impartial advice regarding trusts.
We’re looking forward to hearing from you.
Why do I need life insurance?
Most people consider taking out a life insurance policy once they have bought a home or started a family. It can be reassuring to know that your loved ones will be financially secure should the worst happen.
A life insurance policy can also help cover the costs of your funeral, reducing the financial burden on your loved ones.
Level Term Life Insurance
Ideal if you need a set amount of cover for a certain period. Payment terms are fixed and inflation-proof. You do not get the money back if you are still alive within this defined time period, but level term life insurance works with well fixed mortgage repayments.
Decreasing Life Insurance
Similar to the above but with one big difference: payments decrease over time roughly in line with those in a repayment mortgage.
Whole of Life Insurance
Whole of Life Insurance requires a higher premium but offers life-long protection with a guaranteed payment to your beneficiaries after your death.
Why consider Life Insurance?
To pay the mortgage
A life insurance policy will ensure your partner/family are able to pay the mortgage if you die.
If you have a family
To cover funeral costs
Funerals can be expensive. Help cover the costs with your life insurance policy.
Critical Illness Cover
Critical illness cover from Black Lion Insurance, also known as critical illness insurance, could help to alleviate a stressful time should serious illness or a disability strike out of the blue.
What is Critical Illness Cover?
In brief, this type of insurance will pay out if you develop one of the specific medical conditions that are covered by your policy with us.
Critical illness cover mostly doesn’t allow for pre-existing illnesses or conditions and it won’t pay out if you die.
If you’re not sure, talk to the team here at Black Lion for the right policies for your circumstances. It’s vitally important that you understand all the details. Therefore, we’ll make sure that you’re fully informed in order to make the right decision for you, and you alone.
How does it work?
It’s quite straightforward.
Typically, critical illness cover pays out a lump sum upon diagnosis, should your claim be accepted.
This money could cover your mortgage, bills or, as there are no conditions to the use of this payment, it could cover a trip to somewhere warm and sunny to help you recover and recuperate. Now, that sounds rather reassuring, doesn’t it?
The cost of critical illness cover will depend on your age, the amount of cover you pay for and other important factors regarding lifestyle and your current state of health.
Again, the consultants here at Black Lion Insurance can help.
Do you need critical illness cover?
You’re basically healthy. OK, you could do with getting down to the gym a bit more often, drink more water perhaps. And, you can run for a bus and walk up hills without too much effort. Everything is fine.
You don’t want to think about illness. If you’re self-employed or a contractor, you especially don’t want to go there.
Except that:
A stroke, heart attack or a diagnosis of an aggressive form of cancer doesn’t always happen to other people. Forgive us, but as the saying goes, it could be you.
How Black Lion Insurance can help
When it comes to critical illness cover, we can offer you the right advice, at the right time and at the right price. One of our consultant will talk you through everything we need to know and that importantly, you need to know.
We’ll explain the boundaries and limitations of your cover to enable you to make the right decisions.
Small print. It’s a thing. We don’t want you to get caught out by it when, should the worst happen, you desperately need the financial injection you think you’re entitled to. Don’t worry. Forewarned is forearmed. By the time you pick the policy that suits you, you’ll be aware of everything – jargon-free, too.
When it comes to health insurance, Black Lion Insurance is on your side and we want to help as much as we can.
Contact us through this website or give us a call. We’re looking forward to speaking to you.
About Us
Black Lion Insurance specialise provide information for both employed and self employed individuals, as well as business owners on a variety of solutions, which range from income protection, keyman and shareholder protection insurance.
