Life insurance can pay your dependents money as a lump sum or as regular payments if you die.It’s designed to provide you with the reassurance that your dependents will be looked after if you’re no longer there to provide.The amount of money paid out depends on the level of cover you buy.You decide how it is paid out and whether it will cover specific payments, such as mortgage or rent.You may need to think about whether receiving a payout will affect any means tested benefits your dependents might otherwise be eligible for. There are two main types of life insurance:
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Charterhouse Financial Solutions is a trading style of Permanent Alliance Limited, trading at The Square, Basing View, Basingstoke RG21 4EB. Email: email@example.com Registered in England and Wales: The Square, Basing View, Basingstoke RG21 4EB. Company Registration Number 05443380. Permanent Alliance Limited is regulated by the Financial Conduct Authority (FCA) in respect of regulated claims management activities; that registration is recorded on the Financial Conduct Authority website https://register.fca.org.uk (Firm Reference Number 534857).
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