Life Insurance

Life Cover

If you choose life cover your family will receive a guaranteed lump sum or an income if you die or are diagnosed with a terminal illness.

Your Choices

You can decide what kind of cover you want, depending on your circumstances.

If you want your family to get a lump sum, you choose between an amount that stays the same, one that goes down in line with your outstanding mortgage or one that goes up with inflation.

A level lump sum will pay out the same fixed amount no matter when the claim's made.

  • An increasing lump sum grows by the rate you've chosen, i.e. between 2% and 5% a year, or a rate based on the change in retail price index (between 2% and 10%) to keep pace with inflation.
  • A decreasing lump sum will pay out less and less over time. People usually choose this option to cover the remaining balance on a mortgage which will be getting smaller as they pay it off. 
  • A monthly income If you want your family to get a monthly income rather than a lump sum, you can decide whether the amount should be fixed i.e. level, or grow with inflation.  

Should you insure just yourself, or your partner too?

With single life cover, you can take separate covers for yourself, or your partner individually, within one application form. This would mean the Insurance Company would pay out twice if you were both to die.

With joint life cover you can insure yourself and your partner together and the policy would pay out just once - when the first person died.

Life cover is a safety net for your family if you die.

Life cover will help your partner or your family keep up the lifestyle they're used to if you die or become terminally ill.


Tel:   07711 005774

Fax: 0191 5006767


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EMH Financial Planning

11 Constable Gardens

South Shields

NE34 8LR


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Life has so many surprises it's best to be prepared and have a partner you can count on.

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