MOVA / Life Insurance
Life insurance.
For the people who depend on you.
Think about the mortgage, the household and the people you would want to support. Steven can help you understand the amount, term and type of life cover to discuss.
Initial conversation at no cost · No pressure to proceed
Start with what matters to you.
You do not need to choose a product before getting in touch. Bring your plans and your questions; Steven will help you understand the next step.
Three things to clarify
What should your life insurance cover?
Who relies on you?
Consider the people and commitments that would need financial support.
How much and how long?
The amount of cover and the term should relate to the need you want to address.
What is already in place?
Personal policies and employer benefits belong in the same conversation.
Different structures do different jobs.
Term life insurance can pay out if you die during the policy term, subject to its conditions. Level term cover keeps the insured amount level; decreasing cover reduces over time. A reducing mortgage balance may be one reason to consider decreasing cover, but it is not automatically suitable for every mortgage or household.
Look beyond the outstanding mortgage.
Clearing a debt is only one possible need. Think about everyday costs, dependants and the support your household already has. Bring an outline of existing cover and employment benefits so you are not making a decision in isolation. Premiums and available terms depend on underwriting.
Make the administration part of the plan.
Discuss who should benefit and whether a trust arrangement may be appropriate. The legal and tax implications depend on the circumstances, so specialist advice may be needed. Keep beneficiary and policy information under review when family or financial circumstances change.
Your questions, answered
Clearer on the detail.
Ready for the next step.
Have a question that is specific to you?
Does life cover pay if I cannot work?
Life insurance is not normally a replacement for income lost through illness or injury. Income protection is a separate type of cover.
What happens if I outlive a term policy?
Term insurance generally has no payout if you outlive the insured term.
Should I cancel my existing policy before reviewing it?
No. Do not cancel existing cover until any replacement is accepted and in force. New terms may differ.
A practical next step
Talk through your plans
with Steven.
An initial conversation can help you understand where to start and what information may be needed next.
Cover is subject to eligibility, underwriting, policy terms, definitions and exclusions. Do not cancel existing cover until any replacement has been accepted and is in force. Any relevant costs will be explained before you choose to proceed.