At Wesleyan Financial Services, we can offer expert advice on the right life cover for you, helping you put your plan in place.
- Secure your family’s financial future after your death
- Leave a legacy that can be used for any purpose
- Let us find your ideal cover from a range of first-class providers, including Legal & General, LV, Aviva and more
- Combine with critical illness cover for added peace of mind
Insure your life, so that they can live theirs
While it’s not nice to think about, it is important to consider what would happen to your family if you were suddenly no longer here.
By taking out life assurance, you’re leaving them a lump-sum payment when you die. It can make a difficult time that little bit easier and help to take care of the costs that can soon stack up.
It's also a chance to fund your children’s education or help them buy their first home. Things you’d love to have done in life.
And that’s one of the benefits of life assurance. The money can be used for any purpose. It could be a lifeline to help your family cope, or a springboard for their future.
We’ll find the right cover for you
Working out the best way to protect your family’s future can be confusing. But there's no need to be confused when it comes to finding the right life assurance cover. Our Specialist Financial Advisers can:
- Help ensure you get a policy that works for you, both in life and death
- Assess your situation and find the right protection from a range of providers
- Advise on combining your cover with a critical illness policy, protecting you and your family's finances from the impact of illness or injury
More protection options, for added peace of mind
Want to explore your other protection options alongside life assurance? Here’s a look at some of the products Wesleyan can help you with.
Speak to your Specialist Financial Adviser from Wesleyan Financial Services to find out what’s right for you:
| Life assurance | Critical illness cover | Mortgage protection | Income protection | |
|---|---|---|---|---|
| When does it pay out? | When you die | Upon diagnosis of a pre-defined critical illness | When you die | When you've been off work for a period of time through illness or injury |
| Lump-sum payout? | Yes | Yes | Yes | No – monthly payments |
| Payout can be used for any purpose? | Yes | Yes | No, can only be used to pay off mortgage | Yes |
| Length of cover | Whole of life | Duration of chosen term | Duration of mortgage | Duration of chosen term |
What our customers say
-
Smooth and comprehensive service
-
Application process was easy
What you need to know before getting life cover
Wesleyan Financial Services is a broker and insurance products are provided by a number of selected insurers.
Limits, exclusions and charges do apply. Full terms and conditions of the policy and cover, including the policy benefits and exclusions, will be contained in the Policy Wording and Policy Summary.
Risk must be acceptable to underwriters at normal terms.
Frequently asked questions
Life assurance usually covers you for the whole of your life. That’s why it’s sometimes called ‘whole of life’ cover. It means that sooner or later, the policy will always pay out.
Life insurance, on the other hand, typically works on a fixed-term basis. That means your life cover only lasts for the duration of the term.
Both types of policy pay out a lump-sum benefit on death.
If you’re looking for the security of a guaranteed pay-out when you die, then life assurance may be right for you. Other protection products are available though and may be more suitable.
Our Specialist Financial Advisers will be able to guide you, based on your circumstances.
The cost of your premiums will depend on a wide range of factors. These include your age, health, lifestyle and the level of the cover you need.
Premiums for life assurance are often higher than for other types of life insurance. That’s because other policies don’t guarantee a lump sum when you die.
When you take out the policy, you’ll nominate the ‘beneficiary’. That’s the person who will receive the payout when you die.
You can nominate multiple beneficiaries, and it doesn’t have to be family members. Your Specialist Financial Adviser will be happy to discuss the options with you.
A death benefit payment from a life assurance policy is usually not classed as taxable income. So, there’s no income tax or capital gains tax for the beneficiary to pay.
Please note this is based on current understanding of legislation and tax treatment, which can change in the future.