Why choose Cooper Insurance?
Who can apply?
Do I really need it?
Is there a surrender value?
What type of Assurance do I need?
Why
choose Cooper Insurance?
We
are Independent, so we have access to the whole Insurance market
place to give you the best insurance to suit your needs.
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Who
can apply?
You
need to be between the ages of 18 and 57. Other restrictions may
apply. If you are outside this age bracket, please contact us
on 01702 512111 to get a quotation over the telephone.
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Do
I really need it?
Yes,
it gives peace of mind to dependant members of you family who
would be financially disadvantaged in the event of long term Illness,
Unemployment or even death.
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Is
there a surrender value?
Term
Assurance has no cash in value at any time.
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What
type of Assurance do I need?
We
offer two types, Level and Decreasing Term Assurance.
Level
Term Assurance is a simple basic policy, which will ensure
that a specified amount of money is paid out if death or a terminal
illness occurs within the specified term of the policy. As the
name implies, the level of cover remains fixed throughout the
policy term.
With Decreasing Term Assurance, or
Mortgage Protection the level of cover decreases
each year at approximately the same rate as the balance on a repayment
type mortgage. As long as the interest rate has not risen above
12% there would be sufficient funds to repay the outstanding balance
should death or the diagnosis of a terminal illness occur with
in the duration of the policy.
Important to note that there is no cash back or surrender
value with these types of policies.
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