What is it?
As the name implies, this type of life assurance pays out when you die, whenever that may be. It is usually, but not always, a more expensive option than term assurance simply because the life assurance company knows that it will definitely pay out at some point.
Who is it for?
This type of plan is designed for those who want to leave a lump sum in the event of their death, whenever it may occur.
It can be used to pay off debts that will not be repaid during your lifetime.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Crystal Financial (UK) Ltd is registered in England with company number 08071404. Registered Office: Sentinel House, Albert Street, Eccles, Greater Manchester, M30 0SS.
Crystal Financial (UK) Ltd is an appointed representative of First Complete Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN: 435779) for mortgage and non-investment insurance advice
The Financial Conduct Authority does not regulate some forms of Buy to Let.
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