Life can be unpredictable and understandably death is a topic that most people do not like to think about. But as we all know, it is an unavoidable part of life.

If you have people depending on your income generating capability – whether ageing parents, spouse or partner, and particularly if there are children involved , it is advisable to take measures to ensure that their standard of living does not suddenly reduce or collapse on your untimely death.

A Life assurance plan can be put in place to alleviate the financial hardship that may arise in the event of death.

The lump sum cash payment from a life cover plan could enable your family to
  • Maintain their current lifestyle
  • Pay off loans and debts
  • Cover funeral expenses
  • Invest it for the future to generate an income
  • Cover the cost of children’s childcare or education
  • Manage other living expenses

There are a number of different types of plans available depending on your individual circumstances and the type of cover that you require:


This is the simplest and one of the least expensive types of cover. At the outset, you decide on the amount of life cover you require & the period of time, through consultation with ourselves, and then these are fixed on your policy.

There are a number of additional options which can be added to the basic plan, in particular, medical free conversion option, which allows you to roll over your plan to a new policy, either during the original term or at the end of the term, to extend your cover for further terms.


This is the cheapest form of life cover and as the name suggests this plan is designed to paid off the remaining balance of your mortgage (assuming sufficient cover has been put in place) if you were to die. If you have a joint mortgage, this plan can cover both people. In most cases you are legally required to take out a Mortgage Protection plan if you have a mortgage. You are not required to take this cover with your mortgage lender.



This is a straightforward long term life assurance policy which pays out a lump sum when you die. Some whole of life plans are reviewable where the premium and cover are reviewed at various review dates. You can also have a Guaranteed Whole of life policy where the amount of cover and the premium amount will stay the same for the whole term.

Guaranteed whole of life cover is generally used mainly for mitigating capital taxes payable on Inheritance.


If you are aged over 50 and not in good health, but wish to leave a lump sum to your family or loved ones, you can still take out life cover. You are guaranteed to be accepted and you will not be asked any medical questions. During the first two years the cover applies to accidental death only. After the first two years the full amount will be paid out on any death.



Please Note: The calculator and all of the illustrative figures are provided by Friends First and are estimates only. It has been designed to provide guideline indicators on your pension requirements. It is recommended that you speak to your broker before buying any financial product.”