Life Insurance for Other Purposes

To cover loans, credit cards or buy to let mortgages

Most People Cover Their Mortgage & Forget Everything Else

The obvious use for life insurance is to pay off a residential mortgage, but here are some other reasons why Clients take out additional life insurance:

  • To pay off a Buy to Let mortgage (to provide additional income)
  • Tenants may take out life insurance to provide a mortgage free home for their family
  • To pay off other debts eg credit cards and loans
  • To provide a sum to cover School & University Fees
  • To cover Inheritance Tax
  • To provide a lump sum for a good start in adult life for children
  • To allow a period of time off work for an extended holiday to spend with family
  • Funeral Costs