Not to be confused with Life Insurance, Life Assurance is a very different product although there are similarities. It’s rare for a day to go by where someone doesn’t ask the question “what the difference between the two?” so let’s give you a definitive answer here.
Life Insurance tends to cover you for death but only for a set period of time. People tend to have these in line with their mortgages or any major loans and it’s a reassurance that if anything were to happen while the debt was outstanding, then the policy would generate a pay-out that could be used to cover whatever debt is left.
Life Assurance on the other hand is different as it tends to be ‘whole of life’ which means that the pay-out is guaranteed whatever stage of your life you’re at. If you have no outstanding debt, then that money goes straight to your family or whoever you decide to leave it to.
At Sirius Financial we’re highly experienced at covering ‘whole of market’ which means that we’re able to offer our clients the very best, most suitable Life Assurance for their needs. This market is not ‘one size fits all’ and we take our time to work with each and every one of our clients to understand what their specific wants are for ‘now’ while you’re here and the ‘future’ when you’re not.
If you are interested in talking to us about which Life Assurance products are right for you, then please get in contact us today. Apart from being professional, we’re also friendly and very approachable.