Life Insurance
Protect your family’s future with a life insurance policy that meets your specific needs. Let Fennel Financial guide you through the options available in the market.
Understanding Life Insurance
Life insurance is a financial safety net designed to protect your loved ones in the event of your passing. The cost of a policy varies based on factors such as age, health, and lifestyle. Having life insurance in place can help cover key financial commitments like mortgage repayments, childcare expenses, or funeral costs, ensuring your dependants are financially secure when you’re no longer around.
One of the most common types of life insurance is term insurance, which provides a payout if you pass away within a set period. The payout can be either a lump sum or a regular income, depending on the specific policy chosen. Term insurance comes in two main forms:
Level-term insurance –Level term life insurance is a policy where the payout amount and monthly premiums remain the same for the entire policy term. It’s also known as level term assurance (LTA). This provides a fixed payout if you pass away during the policy term. It’s often used to ensure ongoing financial obligations, such as interest-only mortgages, childcare, the cost of higher education or living expenses, are met.
Decreasing cover insurance – Designed to align with a debt that reduces over time, such as a mortgage. The payout amount decreases in line with the outstanding debt.
When considering life insurance, it’s important to choose the right level of cover for your personal circumstances. A higher level of cover means higher premiums, but underestimating how much your dependants may need could leave them financially vulnerable.
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Our Life Insurance Services
We offer a range of life insurance services tailored to your individual requirements. Whether you’re looking for term life insurance or whole life coverage, Fennel Financial is here to help.
Term Life Insurance
Provides coverage for a specific period, offering affordability and flexibility.
Whole Life Insurance
Offers lifelong coverage with a savings component to build cash value over time.
Why Choose Fennel Financial for Life Insurance
Fennel Financial stands out as your trusted partner for life insurance. Our expertise and personalised approach ensure you receive the best advice and policy options available.
Our knowledgeable brokers help you navigate the complexities of life insurance to find the perfect fit.
Access a diverse selection of policies from leading UK insurers tailored to your needs.
We support you throughout the entire process, from selection to policy management.
What is Life Insurance?
Life insurance is a type of policy that provides financial support to your dependants if you pass away. It ensures that your loved ones are not left struggling with expenses such as mortgages, loans, or day-to-day living costs.
It’s often advisable to consider life insurance at key moments in life, such as buying a home, having children, or taking on significant financial responsibilities. However, securing a policy earlier in life can be beneficial, as younger individuals are generally considered lower risk by insurers, often resulting in more affordable premiums.
While many people wait for a major life event to take out cover, there’s no better time than the present to start planning. Comparing policies and choosing the right level of protection can provide long-term peace of mind, ensuring your family is taken care of no matter what the future holds.
Book an appointmentFrequently Asked Questions
Find answers to common questions about life insurance and how Fennel Financial can assist you.
Consider your financial obligations, such as mortgage and debts, your income replacement needs, the policy’s term and coverage amount, and any additional riders that may be beneficial for your situation.
Yes, you can adjust your policy as your circumstances change. Fennel Financial can help you review and modify your coverage to ensure it continues to meet your needs.
The cost of life insurance varies based on factors like your age, health, the type of policy, and the coverage amount. Fennel Financial helps you find a policy that offers the best value for your budget.
Term life insurance provides coverage for a specific period, offering lower premiums, while whole life insurance offers lifelong coverage with a cash value component that grows over time.
Many life insurance policies require a medical examination to assess your health status, though some policies offer no-exam options with certain conditions and typically higher premiums.
You can start the application process by contacting Fennel Financial. We will guide you through the necessary steps, including providing personal information and health details, to secure the right coverage for you.
Still have Questions?
Use the links below to get in touch with the Fennel team
