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Term Assurance can be used to provide life cover and/or
critical illness cover and the lump sum benefit is not subject to
income or capital gains tax. The plan remains in force for a specified
period of time and expires without value. The premiums and cover
can be structured in a number of ways for example level cover with
guaranteed premiums. Under this plan the sum assured and premium
payable will remain the same for the duration of the contract.
Mortgage protection is a form of term assurance; under this
type of plan the sum assured is specified at the outset of the contract
and cover decreases throughout the policy term. The decrease in
sum assured will be broadly in line with the reducing mortgage debt
under your capital repayment mortgage. The plan remains in force
for a specified period of time and expires without value.
Please contact us to arrange a meeting if
you wish to discuss your protection requirements.
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