Family Life Assurance is a way of providing financial protection for a spouse and/or children against the financial consequences of an unexpected death.
There are different policies to choose from dependent upon the level of cover you require. The amount of cover you need should take into consideration any financial commitments there maybe, such as mortgage payments, loans and other regular expenses. You may want to seek advice from a Skipton member of staff on the different policy types and benefits available before applying for cover, to ensure the plan you select meets all your needs.
Family Life Assurance differs from Mortgage Life Assurance in that your cover is not related to your mortgage. You can select the amount of cover you need to use towards any payments you want - it is not a mortgage specific policy
Benefits of Family Life Assurance
- Such cover can help to protect the financial security of your family and their future.
- You can arrange cover on a single or joint basis with your partner.
- You have the additional option to select Critical Illness Cover or Waiver of Premium.
*This service is provided and administered by Direct Life and Pension Services Ltd (DLPS), who are authorised and regulated by the Financial Services Authority.