LIFE INSURANCE

At Boutique Financial, we are advocates of life insurance and are passionate about the benefits and security the right policy can provide for families and individuals.  As we age, we find ourselves happily gaining loved ones; wives, husbands, partners and children that we want to provide for in the event of our death.

We understand that securing life insurance can be an uncomfortable process for some and as a result we guide all of our clients with compassion and understanding.

There are different types of life insurance and it is vital to select the right one for you. We have simplified the types of policies that are available below:

Term Assurance Policies
Term insurance allows you to select the amount you want to be insured for and the period for which you require cover. Should you die within the term, the policy pays out. But it is important to be aware that if you do not die within the agreed term, your beneficiaries will not receive a pay out.

There are 2 main forms of term life assurance:

Level Term Life Insurance Policies
Put simply, if you agree to a level-term policy the amount that your beneficiaries will receive remains ‘level’ throughout the term and your annual or monthly premiums generally also stay the same. Level-term policies provide a lump sum that your family or loved ones can take advantage of in the event of your death.

Decreasing Term Policies
If you need to cover a debt, such as a mortgage, that reduces over time a decreasing term policy may be right for you as the amount you are covered for decreases over time. The main advantage is that premiums are significantly cheaper, however there will be no lump sum available after you have died for your beneficiaries.

Whole-of-Life Policies
Whole-of-life policies are ongoing and are not subject to a specified term, they are more expensive because a pay out is guaranteed.

We treat each person as the individual that they are and take time to appreciate their specific circumstances; family life, health issues, living arrangements and financial status. At Boutique Financial we pride ourselves on providing comprehensive life insurance advice that will meet your needs. No matter how complex or straightforward your situation is, please feel free to get in touch so that we can recommend the most suitable cover for you & your loved ones.