With Frost Financial Services, Getting Life Insurance Can Be Easy

What Is Life Insurance

Life insurance (also known as life assurance, life cover or death cover) is essentially a policy that pays out a lump sum of money to your dependants in the event of your death. The policy will usually pay out no matter what the cause of death is, as long as you are honest and accurate with your personal details at the start of the life insurance application. The amount of money that is paid out depends on the level of cover you decide to buy.

Although Life insurance pays out on death, it is still advisable to consider taking out additional cover to such as critical illness cover and income protection. This can sometimes be built into life cover. Life insurance cannot bring back a loved one, but it can provide reassurance that your dependents will be looked after if you’re no longer around to provide for them.

Do I Need Life Insurance?

Life insurance offers a relatively cheap and straightforward way of ensuring that the financial needs of your family or any other dependents are met in the event of your death. It is usually essential for the parents of school-age children to have life cover and this requirement becomes even more urgent in the case of single parents. Couples without dependents will usually still wish to protect their partner and some people simply want an inexpensive policy which will ensure that their funeral costs can be met.

Different Types Of Life Insurance

• Level term insurance policies pay out to your dependents if you die within a fixed term which is chosen by you for example 25 years. The premiums stay the same throughout the policy term as does the pay-out whether you die on the first day or the last day of the policy.
• Whole of life policies guarantees to pay out regardless of when you die, whether it be the day after you take out the policy or at the age of 102! One specific type of low-cost whole life insurance is the Over-50s policy, mainly designed for those looking to cover the cost of their funeral and little else.
• Decreasing term insurance policies are usually aimed at covering the remaining debt on a repayment mortgage if you die within a set number of years which is normally the same as your mortgage term. The pay-out decreases over the policy term, usually in line with the remaining mortgage debt.

When taking out the policies above, couples must also decide whether they wish to take out joint cover or two single life policies. Joint cover is cheaper, but only pays out once when the first partner dies. Whereas two single policies should provide a greater level of protection to other dependents.

Why Frost Financial For Insurance

We save you the hassle

Our highly trained, professional advisers work with you every step of the way to make the mortgage process simple, saving you time and effort on one of life’s biggest decisions.

We’re impartial

Going to a bank or estate agent limits your options and could leave you with a deal that isn’t suitable for you. We have access to hundreds of products across the whole mortgage market and can find you the ideal product for your needs.

We can save you money

By hand-picking the best mortgage and negotiating the best rates on your behalf, we can save you up to tens of thousands throughout the term of your mortgage.

Contact our experts without delay

Our experts are on hand to help you! Enquire today by calling us on 01702 554028 or using our contact page.

    Mortgage advisers based in Hadleigh, Essex. We provide a large panel of lenders as well as loans, insurance and equity release.

    Frost Financial Services is authorised and regulated by the Financial Conduct Authority. Registration number: 300133.

    For residential mortgages, your home may be repossessed if you do not keep up repayments on your mortgage.

    With lifetime mortgages you retain 100% ownership. To understand the features and risks, ask for a personalised illustration.


    Frost Financial Services
    Endway House
    The Endway
    SS7 2AN


    Frost Financial Services
    01702 554028


    Equity Release
    01702 861970