Zurich Life Assurance
Zurich Insurance has operations in over 170 countries, and is one of the largest insurers in the world. Zurich Life Insurance is one of their most popular products, and they provide level life insurance and decreasing life insurance.
Level protection life assurance can also cover critical illness which pays out a lump sum to your loved ones in the event of your death, or being diagnosed with a specified critical illness. This money can be used for any purpose, and will ease your family’s burden at an extremely difficult time in their lives.
Decreasing cover is designed to pay off your outstanding repayment mortgage in the event of your death. The amount paid out will decrease over time in line with your mortgage balance. This gives you the reassurance that, should the worst happen to you, your dependents will not be left struggling to pay a mortgage.
Zurich Life Insurance is also available with either guaranteed or reviewable premiums. Guaranteed premiums are fixed throughout the life of the policy, whereas reviewable ones can be amended to reflect changes in your circumstances.
Remember that, as with all life insurance, if you stop paying the premiums the cover will stop, and that once the policy is finished, there will be no pay out – there is no cash in value at any time.