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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.
The plans we offer do not contain any form of investment content and do not acquire cash in values at any time.
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.
For those who want to leave a lump sum to pay a potential inheritance tax liability. We can help you find the plan that best meets your requirements from the panel of providers we use.
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured upon it.
Nationwide Financial Advisory Services Limited is Authorised and Regulated by the Financial Conduct Authority.
Registered at 26 Broombriggs Road LE3 9QN. Company Number: 11323737.
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