You can’t put a monetary value on a life, but you can make sure your loved ones are taken care of if the worst happens
You can’t put a monetary amount on one’s life, but having a life insurance policy can help ensure your loved ones’ future is financially protected. If you have family or will leave financial commitments outstanding (such as a mortgage), life cover can make sure your liabilities are taken care of.
For life insurance we work with a range of high-quality providers to arrange the policy that best suits you and/or your family:
We also have access to other providers if necessary, and for international clients we usually recommend Unisure.
Do I Need It?
Not everyone needs life insurance. But if anything happens to you, it will provide long-term financial support to your family when they most need it.
We offer a wide range of competitive plans to help you protect your family financially. Our expertise can help you choose from our wide range of policies, and tailor the cover to best meet your needs.
Term life insurance policies run for a fixed period, for example 10 or 25 years, and only pay out during the policy. There is no lump sum payable at the end of the term. Whole-of-life policies will continue and pay out for as long you maintain paying the premium.
Increased security and decreased liability for your family
If you have inadequate (or no) life insurance, you risk leaving a legacy of potential problems for your family. Some ongoing commitments such as a mortgage or financial commitments in joint names will continue after your death and need paying for. The need for an income, a secure home and the ability to maintain commitments are worries your loved ones can avoid, with appropriate levels of life insurance.
What Is Covered
A lump sum or regular payments for your dependants in the event of your death (dependant on the level of cover you purchase).
The amount of cover paid will be the amount you choose at commencement of the policy.
Payment in the form you choose, and the option to have it used to cover specific payments such as rent or mortgage.
What Is Not Covered
Illness or disability, however some policies will offer a discretionary terminal illness benefit (but this is not automatic).
Exclusions, dependant on the policy you choose, but you may be able to cover these at additional cost.
Individual exclusions – for example, if you have a serious pre-existing health issue your insurer may elect to exclude this from your cover.
From individual life policies to specialist business cover, we have products to suit your every need.
Libra Insurance Brokers are independent brokers, based in London, UK. Professionally trained to recommend the most suitable products for both Corporate and Individual clients. Authorised and regulated by the Financial Conduct Authority, Libra Financial Management (UK) Ltd, trading as Libra Insurance Brokers, is entered on the Financial Services Register https://register.fca.org.uk/ under FCA firm reference 513236.