Having a life insurance plan is an effective way of providing peace of mind knowing that in the event of an untimely death your family and loved ones will have the financial security they need at such a difficult time. They can use this lump sum to pay off bills or the mortgage. You need to keep up payments to maintain your level of cover.
Making financial sense, life cover is not too expensive and is easy to set up with options of paying a lump sum amount, a monthly income amount or both.
Here at GMC Mortgages, we have a range of financial protection solutions to suit everyone, offering lots of information to help you make the right decision on your life insurance plan. If you’ve got questions about our life insurance and protection products, please contact one of our team today.
- Life insurance provides protection for your family and loved ones when dealing with the financial consequences of the insured’s death.
- Life insurance enjoys favorable tax treatment unlike any other financial instrument. Death benefits are generally income-tax-free to the beneficiary.
- You can choose optional benefits for additional peace of mind.
- Lump sum payment may be used to cover funeral expenses or pay off existing mortgage.
through the mortgage process.
to a lower mortgage interest rate.
companies and pensions.