Life Assurance

Providing for Your Loved Ones After You Have Passed

Many people want to ensure that their loved ones are provided for after their death and a Life Assurance Policy is one of the most common ways to do this.

What is a Life Assurance Policy?

Life Assurance is also known as a Whole of Life Policy purely for the fact that this runs for the whole of your life, rather than a fixed term like a Life Insurance Policy or Life Term Assurance Policy.

Premiums are paid monthly to the Insurer and upon the death of the policy holder, a tax-free lump sum is paid to the beneficiary/beneficiaries named by the policy holder.

Unlike Life Insurance, this policy pays out upon death of the policy holder whereas, Life Insurance/Life Term Assurance will only pay out if the policy holder dies during the term of the policy. If the Life Insurance/Life Term Assurance policy ends and the policy holder is still alive, then there will be no payout.

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What we do
Our Services

Life Term Assurance

Life cover over a pre-agreed period of time

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Whole Life Assurance

Guaranteed lump sum for your family

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Critical Illness

One off payment for specific medical conditions

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Family Income Protection

A term insurance for regular financial support for terminal illness diagnosis or death

Find Out More

Income Protection

Replaces part of your income if you're unable to work

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Home Insurance

Ensuring your property is covered for all eventualities

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Business Insurance

Protection for Business Owners and Independent Professionals

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Insurance
Protect your income and home
Leodis Financial can help you secure your assets with insurance deals that are suited for your needs.Through our vast network of insurers, we are able to negotiate personalised insurance deals for our customers.
LIFE ASSURANCE
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Leodis Financial makes it simple to find the best insurance policy for your specific needs. All you have to do is fill out a form, and we’ll discover the best plan at the best price for the coverage you require.
Through our vast network of insurers, we are able to negotiate personalized insurance deals for our customers.
We take the hassle out of signing up for insurance deals. A Leodis Financial expert is there to walk you through the process.
We take care of all the paperwork and deal with the insurers on your behalf. Before signing the agreement, we explain the terms so that our clients understand them.
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Life insurance, which can also be known as life cover or life assurance, is a type of policy that protects your loved ones with financial support if you die. It can help minimize the financial impact that your death could have on your family and offer peace of mind to those you care about most.
“Few of us have enough money set aside.”
We believe that comparing insurance should be straightforward. Whether you’re looking to beat your current provider’s renewal quotation or insure a new health insurance plan, our quick and easy price comparison service may be able to help you get a better bargain on your insurance quote.
Benefits of Life Assurance:
  • Life insurance payouts can assist loved ones in securing financial stability.
  • It can assist to lessen the impact of the death of a parent or lover.
  • It can assist in compensating people you leave behind for a loss of revenue.
  • It can be used to pay off unpaid debts owed to family members, such as a mortgage.
  • Some insurance policies are meant to help with funeral expenses.
  • Critical Illness Insurance is one of the add-ons that can help with missed earnings.
  • Most importantly, it can provide you with peace of mind that your loved ones are being cared for.
WE INSURE OUR AUTOMOBILES AGAINST THEFT AND DAMAGE, AS WELL AS OUR HOMES IN THE EVENT OF A DISASTER. HOWEVER, FEWER PEOPLE INSURE THEIR MOST VALUABLE POSSESSION: THEIR LIFE.

Life Assurance

A tax-free sum to whoever you choose on the event of your death. Find out more

Life Term Assurance

Life cover over a pre-agreed period of time. Find out more

Whole Life Assurance

Guaranteed lump sum for your family. Find out more

Critical Illness

One off payment for specific medical conditions. Find out more

Family Income Protection

A term insurance for regular financial support for terminal illness diagnosis or death. Find out more

Income Protection

Replaces part of your income if you're unable to work. Find out more

Life assurance, often known as a whole of life policy, is a type of insurance that continues indefinitely and pays out a lump sum once a policyholder dies (assuming they’ve met their monthly payments).

Premiums tend to be higher for this type of protection, because a provider expects to make a pay-out at some point.
Life assurance covers you for your whole life, and a standard life insurance policy usually covers you for a set term only. Certain life assurance policies do allow you to finish your payments at a certain age – this varies, but tends to be around 85.

The differences between life assurance and life insurance, in a nutshell:

Life insurance
  • Usually covers you for a set term
  • Can be tailored to cover specific costs like mortgage repayments or funeral costs
  • May be better suited to new parents who want the peace of mind that costs are covered for their dependents if the worst should happen
Life assurance
  • Covers you for the rest of your life, no matter when you die
  • Offers a guaranteed pay-out, so tends to be more expensive
  • Is considered more of an investment that offers a guaranteed inheritance for your beneficiaries
Once you’ve thought about a plan, it’s time to decide if a life assurance policy is for you. It’s worth being aware that over 50’s life insurance can sometimes cover life assurance too.

The term ‘assurance’ means that you’re guaranteed to be paid out upon death and typically ‘whole of life’ insurance is the main assurance product.

To help you manage what is a complex subject, our life insurance calculator can help you work out how much life cover you might need at your age.

If you’re not sure which one is best for you, you should seek specialist advice.
You may prefer to take out a life assurance policy if the security of a guaranteed pay-out is important to you. While the premiums are usually higher, other insurance policies do not offer the 100% guarantee of a lump sum upon your death, which can make it an attractive deal.
Life assurance can offer the security of a guaranteed lump sum pay-out if you die. Just be aware though, that it might not cover death as a result of drug, alcohol abuse or suicide. Make sure you check which causes of death are covered before you take out the policy.
Some older policies may allow you to cash-in and receive a smaller sum before you die. However, there’s usually a hefty penalty to pay and you may end up receiving less than you’ve invested over the years. These types of policies are no longer common practice and are not available on our comparison service.
Your personal circumstances will dictate the best life insurance policy for you. Therefore you should think very carefully about your specific needs – be it covering bills, childcare costs, a mortgage, or protecting against a future event such as a critical illness or your own funeral expenses.
It depends what you’re looking for. Life insurance can provide security for those who lose someone earlier than expected.

The pay-out can then cover a mortgage or other debts, to secure the futures of those left behind. Life assurance is a guaranteed pay-out upon death, but the premiums tend to be higher.

Having that lump sum secured is attractive for some, but it depends if you will really need it, when the time comes. If you live long enough to cover those payments yourself, you may find you no longer need cover, but have been paying higher premiums with a life assurance policy for years.

On the other hand, if you want to leave the people you love a guaranteed inheritance, life assurance may be worthwhile.

Unlike many other types of insurance, life cover is very much a personal and emotive choice that can have a major impact on both you and the people you love. Ultimately, you’ll want to make a decision that financially benefits the people you leave behind. It could help to talk to a financial expert who can take you through your options.
It depends what you’re looking for. Life insurance can provide security for those who lose someone earlier than expected.

The pay-out can then cover a mortgage or other debts, to secure the futures of those left behind. Life assurance is a guaranteed pay-out upon death, but the premiums tend to be higher.

Having that lump sum secured is attractive for some, but it depends if you will really need it, when the time comes. If you live long enough to cover those payments yourself, you may find you no longer need cover, but have been paying higher premiums with a life assurance policy for years.

On the other hand, if you want to leave the people you love a guaranteed inheritance, life assurance may be worthwhile.

Unlike many other types of insurance, life cover is very much a personal and emotive choice that can have a major impact on both you and the people you love. Ultimately, you’ll want to make a decision that financially benefits the people you leave behind. It could help to talk to a financial expert who can take you through your options.
LIFE ASSURANCE TYPICALLY COSTS MORE THAN LIFE INSURANCE – YOU’RE ESSENTIALLY PAYING MORE FOR THE ASSURANCE OF A GUARANTEED PAY-OUT WHEN YOU DIE.

FACTORS THAT CAN AFFECT THE COST OF YOUR POLICY ARE THE SAME AS WITH STANDARD LIFE INSURANCE. THESE INCLUDE YOU’RE:
  • Age.
  • Medical history, including your family’s.
  • Lifestyle – how much alcohol you drink and whether you smoke can make a big difference to the cost of your policy.
  • Sum insured – the amount of compensation you want your beneficiaries to receive.
  • Your name
  • Your address
  • Your date of birth
  • Whether you smoke
  • How much cover you want
  • How long you’d like the cover for
  • Other policyholder’s details if you’re taking out a joint policy
  • You’ll also be able to add any optional extras like critical illness cover
What we do
Our Services

Life Assurance

A tax-free sum to whoever you choose on the event of your death

Find Out More

Life Term Assurance

Life cover over a pre-agreed period of time

Find Out More

Whole Life Assurance

Guaranteed lump sum for your family

Find Out More

Critical Illness

One off payment for specific medical conditions

Find Out More

Family Income Protection

A term insurance for regular financial support for terminal illness diagnosis or death

Find Out More

Income Protection

Replaces part of your income if you're unable to work

Find Out More

Home Insurance

Ensuring your property is covered for all eventualities

Find Out More

Business Insurance

Protection for Business Owners and Independent Professionals

Find Out More