Life Insurance
No point in being morbid about it, they say that in life there are only two things you can depend on. Nobody really wants to think about it, let alone plan for it but at the same time we all know it makes sense.
There is no cost in finding out what
would best suit you and your family, just fill out the quote form to get a price.
At efpg, we provide peace of mind with 5 different life insurance product options to perfectly suit your needs.
- Term Assurance (commonly known as 'life insurance')
- Critical Illness Cover
- Income Protection Insurance
- Business Protection Insurance
- Funeral Plan Insurance
Scroll down the page for more information on several of these policies. However If you are not sure which product is the right one for you, select "I am not sure" when filling out the form. Or, perhaps you need a policy with more than one of the options listed above? If so, give us a call on the number at the top of the page. Our friendly and experienced staff can then discuss your options and help you decide which product is right for you and your family or business needs.
efpg Insurance Brokers - Here for what matters most.
Term Assurance
Term Assurance is the most basic form of financial protection. The policy provides a lump sum on the death or diagnosis of terminal illness of the life assured within the term, the number of years selected, of the policy.
There are many reasons why Term Assurance cover should be considered, including:
- To protect your family and loved ones from financial hardship.
- To
protect liabilities such as a mortgage.
- To
protect friends or relations by taking out a policy on the life of
another person.
- For short-to-mid-term inheritance tax liabilities.
The policy can be altered to suit your specific needs you select the term and sum assured, taking into account affordability. The policy can be taken on a single or joint life basis. There are other options you can select such as waiver of premium and increasing or decreasing cover during the term of the contract
Once your policy has been approved and is active you will not have to provide any updates with regards to your health, so you can relax knowing that your protection is in place.
To find
out more please do not hesitate in contacting us to discuss your
individual needs.
Here for what matters most, contact efpg today.
Whole of Life Insurance
Whole of life insurance is a financial protection product that does exactly what it says on the tin, it protects you for the rest of your life. Premiums are higher than they are for Term Assurance for the simple reason that coverage last a lifetime. Your whole of life policy has a cash value component with investment return that can be used during your lifetime.
You have the ability to select the amount of protection you need and there is no term on the policy. You can choose to set up the policy on a single or joint life basis. The policy will pay the sum assured after a successful claim following the death or diagnosis of a terminal illness (life expectancy less than twelve months) of the life assured.
The premium and sum assured will remain level throughout the policy unless you select the increasing option. You also have the option to include waiver of premium into the policy, which can enable you to stop paying premiums during periods of incapacitation if you are unable to work.
Whole of life insurance can be used to provide a lump sum to your beneficiaries or alternatively, to protect an inheritance tax liability you may have on your estate.
To find out more please do not hesitate in contacting us to discuss your individual needs. We are a fee-only financial planner, no hidden commissions and as your insurance broker we are not tied to any one insurance company. Here for what matters most, contact efpg today.
Critical Illness Insurance
Apart from the emotional difficulty suffering from a critical illness can cause, it can also result in medical expenses or the inability to work for a period of time.
Critical
Illness cover is designed to provide a lump sum when the life assured
suffers from a range of specified illnesses or requires specific
surgery during the term of the policy. Critical illness cover can
provide peace of mind by ensuring that your financial liabilities are
not affected.
