Reasons to Consider Life Cover
Provides financial security for loved ones
Life insurance can provide financial protection to your family and loved ones in the event of your unexpected death. The death benefit can be used to pay off debts, cover living expenses, and help your loved ones maintain their standard of living.
Can help you leave a legacy
Life insurance can be used to leave a legacy for your loved ones or to support a cause that you are passionate about. You can designate a beneficiary or multiple beneficiaries who will receive the death benefit, and this can help you leave a lasting impact.
Provides peace of mind
Knowing that your loved ones will be financially protected in the event of your unexpected death can provide peace of mind. You can rest easy knowing that your family will be taken care of even if you are no longer there to provide for them.
Covers funeral and other end-of-life expenses
Life insurance can help cover the expenses associated with a funeral and other end-of-life costs. This can help ease the financial burden on your family during a difficult time. It can also be used in trust to pay Inheritance Tax (IHT) bills if your estate is likely to be over the threshold.
W1 Investment Group is a leading international insurance broker with access to life and illness insurances from some of the largest insurance providers in the world, including Zurich, MetLife, SunLife, Friends Provident, Brightrock, ManuLife, among others.
Protect your loved ones for less than the cost of a cup of coffee a day
Life assurance
Life assurance provides a tax-free lump sum to whoever you chose to receive it when you die.
There are two types of life assurance: term assurance and whole of life assurance.
Term assurance provides cover for a specified period of time. Term assurance plans are typically used when covering a financial liability that will reduce or end in the future, for example repayment of a mortgage or to provide a sum to cover the cost of educating your children.
Whole of life assurance will provide a lump sum whenever death occurs, providing your contributions have been maintained for the duration of the plan.
Whole of life plans are typically designed to cover liabilities that will occur when you die, no matter when that is, such as an Inheritance Tax bill or to supplement what you leave to your heirs. Whole of life plans are also used where the period of cover is unknown or uncertain.
Expat Critical Illness Cover that provides security
Critical illness cover
If you are diagnosed with an illness such as cancer or suffer a heart attack, you and your family may find yourselves financially worse off.
This is because your expenses are likely to be the same, or even higher, but you may be unable to work or even decide you don’t want to work any longer.
Critical illness plans provide a tax-free lump sum if you are diagnosed with one of a large number of specified illnesses. The cover can be for a specific time period or for your whole life.
Given that we are more likely to suffer a serious illness than to die before we retire, it is perhaps the most valuable element of all protection plans.
Secure your family’s future with a free, no-obligation quote
Ready to safeguard your loved ones’ future? Take the first step towards peace of mind by arranging a completely free and obligation-free quote. Our expert team will guide you through your options, ensuring you find the perfect life insurance solution to meet your unique needs.