Helix | Healthcare LTD - Life Assurance

Life Assurance Financial security and peace of mind for your family

Life Cover

A Life Insurance policy provides a lump sum of money for family members in the event of the policyholder's death during the term of the policy. Often used as family protection it is primarily used as a means of ensuring that the mortgage and other loans are paid off in the event of a death. It can also be used as a means of providing security to the surviving spouse to maintain their standard of living.

Most life insurance policies cover a fixed term. However Whole Of Life pays out on death whenever it occurs.

What type of Life Insurance is required?

Many people with repayment mortgages choose a decreasing term Mortgage Life Insurance policy. This type of policy is designed to reduce in value and in line with the outstanding mortgage balance at any one point in time.

A level term life insurance product is usually the best choice for an interest-only mortgage, where the value of the outstanding mortgage balance remains level during the term of the policy.

Level term Mortgage Life Insurance is also the preferred choice for the other main usage for term life insurance, namely providing family protection until the children leave home, or until the surviving spouse has retired. It is often advisable to consider an index-linked policy in this instance to counteract the effects of inflation on the value calculated to provide sufficient protection for the family. This is also sometimes known as Increasing Term Assurance.

How do I know how much Critical Illness Cover is required?

Each individuals circumstances will be different. We can offer advice in this direction. However as a guide you need to work out the financial impact on you and your family in the event of you becoming critically ill and not being able to return to work for some considerable time.

Additional Cover

Most leading life insurance policies include Terminal Illness Insurance at no extra cost. In the event that the policyholder is diagnosed with a terminal illness (defined as where life expectancy is less than 12 months), then the insurer will agree to pay the amount of money insured on diagnosis rather than death.

Cover can be put in place on a Joint Life basis, however recently it has become more cost efficient and flexible to have separate policies.

We've been dealing with Helix for some years now. They do their 'regular reviews' so we know that we have a good deal at all times. Graham Ramsden.

You can put your plan in trust

Putting your life insurance plan in trust means that this asset is removed from your estate and put in the name(s) of your trustee(s). There are several advantages to doing this. Firstly, your trustee(s) could receive any pay-out more quickly and easily. And secondly, under current tax rules, it could help protect the pay-out from inheritance tax.

Pay-out for terminal illness

Terminal Illness Benefit is included

So what are the differences and how can I tell that I have the right life assurance in place.

Complete the quick quote and one of our experienced experts will call you back and run through your requirements.

Why Helix surely a comparison website would be just as easy? The comparison website are absolutely fine for those that know exactly what they want and don't want a helping hand. Our clients have found that just chatting through their own unique and personal situation helps to focus exactly what is important. On top of this we guarantee that we will review your circumstances on a regular basis ensuring that you have the correct life cover in place at all times. This frees up your time knowing that you are in the hands of a personal and real individual who has your interests at heart.

Helix Heathcare LTD