Life Insurance

At John Charcol, we realise that no-one likes to think pessimistically about the future.  However, shying away from thinking about, and even addressing, life insurance and protecting you and your family should simply not be an option for anyone.  After all, no-one ever wants to say if only after a tragic event.

Should the worst happen, financial stress for you or your family really is the last thing you need.  At John Charcol, we will discuss your own personal details and circumstances with you in detail and provide advice and a solution that is entirely tailored to you.  In our opinion, you should never buy life insurance off the shelf, rather get advice and ensure that any life insurance or critical illness policy meets every need you have. So do call us to discuss further.

In the meantime, you will find definitions and a number of statistics on these pages that will help inform you.

Our life insurance (or assurance) range

  • Level term life insurance (or assurance)
    Provides a fixed lump sum payment should you die within a specified period. Find out more.
  • Level term life insurance (or assurance) with critical illness
    Provides a specified lump sum payment should you die or suffer a critical illness within a specified period. Find out more.
  • Mortgage protection cover
    Providing a decreasing lump sum payment to cover your outstanding mortgage, should you die within the specified period. Find out more.
  • Mortgage protection cover with critical illness
    Providing a decreasing lump sum payment to cover your outstanding mortgage, should you die or suffer a critical  illness within the specified period. Find out more.

Statistics you cannot ignore

  • There are over half a million deaths in the UK each year
  • 17% of deaths occur before the age of 65
  • Cancer is responsible for more than one in three UK deaths in people under the age of 65
  • 1 in 6 men dying under the age of 65 will be as a result of heart disease
  • Almost 60,000 people die annually from a stroke in the UK

The value of a parent

Being a parent and raising a child can be very expensive.  Spending money on your child’s food, clothes, childcare, school fees and other essential items all adds up.  The latest research form Legal and General shows that over 18 years, parents spend an average of £123,552 raising children.

This means the value of a parent is around £28,000 per annum.  Heaven forbid, but how would you cope without that income?  Talk to us.

Terms & conditions

Your initial mortgage consultation is obligation free. There will be a minimum fee for our mortgage service of £450, of which £150 is payable when you apply, and we will retain the commission from the mortgage lender. Alternatively, you can choose the fee only option which is typically 0.65% of the amount borrowed. The precise amount will depend on your circumstances and mortgage loan amount, and will be discussed and agreed before you make a mortgage application.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT

Legals

John Charcol is a trading style of Towergate Financial (West) Ltd, which is authorised and regulated by the Financial Services Authority; our registration number is 147692. John Charcol Associates LLP is an appointed representative of Towergate Financial (West) Ltd, which is authorised and regulated by the Financial Services Authority.  Registered office: Towergate House, Eclipse Park, Sittingbourne Road, Maidstone, Kent ME14 3EN. Registered in England No: 02292688.  This mortgage site is only directed at persons within the UK.   The FSA does not regulate some investment mortgage contracts.  Calls may be recorded for training and monitoring. Max call charge from a BT landline is 3.9p per minute. Calls from other networks may vary.