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Life Assurance or
Life Insurance ?

Family Matters Make every penny count

 

"Many people confuse Life Insurance with Life Assurance"

So what’s the difference?

Life Insurance insures you for a set period of time. Then, if you were to die whilst the policy is in force, the insurance company pays out. If you survive to the end of the policy, the Life Insurance policy is finished and has no residual value whatsoever. Even whilst the life insurance policy is in force, it only has a value if there’s a claim – in that context it’s just like car insurance!

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Life Assurance is different.
Life Assurance combines an insured sum with a non-guaranteed investment element. Then, if you were to die whilst the policy is in force, it pays out the guaranteed sum plus the value of the investment bonuses which had been added to your policy. Annual bonuses are normally added to the value of your life assurance policy plus a “terminal bonus” at the end.

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As the years go by your life assurance policy increases in value as the bonuses build up – but it usually takes a number of years for any significant investment value to arise. The value of the investment bonuses depend upon how long you have held the life assurance policy and the insurance company’s investment performance. But once an investment bonus has been added, the life assurance policy will have an encashment value.

Please be aware: In recent years, investment returns on Life Assurance policies have fallen dramatically and many insurance companies have placed penalties for cashing in policies early.

Life Insurance is considerably cheaper than Life Assurance and, for the vast majority of people, Life Insurance is what they really want.

 

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A tax-free* lump sum
for the Family

In today’s world of cut and thrust it’s all too easy to lose sight of what really matters. The family and the ones you care for, remain the centre of most people’s lives. So a wish to safeguard your family’s future becomes natural.

So what would happen if the family’s main bread earner died suddenly? Amongst all the sorrow and turmoil could they cope financially? Would the mortgage get paid? Could they keep the car? Could they cope with all the family bills? Or to put it another way, why not ease the pressures with a lump sum paid automatically? After all they’re still your family and you’d want them to have a good future, no matter what.

*That’s where life insurance comes in. Life insurance pays out a lump sum which is free from income tax and capital gains tax, if you were to die or become terminally ill** whilst the policy is in force(** and expected to die within 12 months). So you decide how many years you want your life to be insured and how much you would want the insurance company to pay out.

If you want to ensure that the proceeds of your policy are also free from Inheritance Tax, then all you have to do is have your policy "Written in Trust". Your Consultant from ClickLife can arrange this for you completely free of charge.

Then there’s critical illness insurance to consider. This pays out a lump sum if you are diagnosed with a serious illness. For example, deafness, blindness as well as strokes, heart attack, named cancers and a long list of other serious illnesses.

The point is that with a critical illness you may well survive for very many years, years when your earning power may well be nil or severely restricted. Unless you can find a way of coping with a big drop of income coupled potentially with a big increase in expense, then the financial effects on you and your family could be disastrous. Get a quote now..

Click here to transfer to ClickLife:

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When you buy on the Internet you expect a low price. You will not be disappointed !

We’ve teamed up with ClickLife a top independent internet broker specialising in Life Insurance and Critical Illness Insurance They promise you an absolutely superb deal. Prices that could save you thousands of pounds over your policy’s term.

How can ClickLife do it? It’s their combination of buying power coupled with highly efficient customer service, that provides their huge price advantage.

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A full quotation in 24 hours

Take just a couple of minutes to complete the Quotation Request form issued by ClickLife and you'll be contacted by one of their Consultants within 24 hours. They will give you a quotation and all the help you need - all free and without any obligation.

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Talk though the Life Assurance options

When the ClickLife Life Insurance Consultant calls, you'll have every opportunity to talk through your requirements and use their experience and knowledge to be sure that you are making the right decision.

It's the only way to ensure that you get the right policy for you and of course, the cheapest!

Need Life Assurance Urgently?

ClickLife can sort it out for you as quickly as you need - they’re there to help.

 
 
Questions we get asked about Life Assurance
Questions we get asked about Life Insurance UK and other types of Life Assurance