Purchasing life insurance might be the most crucial financial decision you ever make.
Why choose The Finance Company?
We’re a brokerage that removes the complicated processes of finding finance making it simple for you. Our team of experts approach every enquiry with the same thoroughness to get you the best deal. We have a large panel of lenders who range from high street banks to specialist finance lenders with whom we have relationships to get you the solutions to your finance needs.
We appreciate that it can sound daunting or even a little scary. But, envisioning the possibility of unforeseen circumstances emphasises the significance of having a well-prepared strategy. In the event of an unfortunate occurrence, having a comprehensive life insurance plan can mean the distinction between your family's ability to sustain their way of life, settle their mortgage, or risk losing their home.
Life insurance offers you and your loved ones the essential financial security necessary for peace of mind. It extends beyond just monetary assurance and provides practical assistance and emotional support in times of need.
The regular income can cover essential expenses such as mortgage or rent payments, bills, education costs, and daily living expenses. This policy is particularly valuable for families with dependents or individuals who are the primary earners. Family income provides peace of mind, knowing that your family will have ongoing financial support during a difficult time, allowing them to adjust and develop in the absence of your income.
Frequently asked questions:
Insurance is a contractual agreement between an individual or entity (the policyholder) and an insurance company (the insurer). In this arrangement, the policyholder pays a premium at regular intervals, and in return, the insurer agrees to provide financial protection or compensation for specific risks, damages, or losses outlined in the insurance policy.
The primary purpose of insurance is to transfer the risk of potential financial losses from the policyholder to the insurance company. It acts as a safety net, offering peace of mind and financial security to individuals, businesses, and organisations. It is important to select insurance policies that align with your specific needs and circumstances to ensure comprehensive protection.
Speak to one of our specialist brokers who can assist you with finding the right insurance or protection cover you need.
There are several types of insurance and protection solutions available to address various aspects of life and business. Some of the types of insurance we can help you with at The Finance Company include:
- Life insurance
- Critical illness cover
- Income protection
- Rental protection
- Writing a will advice
- Key person insurance
- Buildings and contents insurance
- Family income benefit
It is important to select insurance policies that align with your specific needs and circumstances to ensure comprehensive protection.
Speak to one of our specialist brokers who can assist you with finding the right insurance or protection cover you need. Note that not all services we offer are covered by the FCA.
Insurance claims can take anywhere from three to 60 days or even longer in some cases. The time it takes for an insurance claim to be processed will vary depending on the type of insurance, the complexity of the claim, and the individual insurance provider's procedures. Factors that can impact the length of time for insurance claims to be process can include:
- Type of insurance: A simple insurance claim for minor damages might be processed more quickly than a complex homeowners insurance claim involving extensive property damage.
- Completeness of documentation: Incomplete or incorrect information may lead to delays as the insurance company seeks further clarification.
- Investigation and assessment: In some cases, the insurance company may need to conduct an investigation or assessment of the claim before processing it.
- Claim complexity: Claims that involve multiple parties, complex legal issues, or significant amounts of money may require more time for thorough evaluation and resolution.
- Claim volume: High claim volumes can also lead to delays as insurance companies handle a higher workload.
Your protection cover should be reviewed on a regular basis to make sure your protection plans continue to meet your needs. This is especially the case if you have a change of circumstances, such as a new job or additional monthly financial commitments, like getting married, retiring or having a baby. Please feel free to contact us to review your plans at any time.
Your insurance premiums are influenced by several key factors, including:
- Height and weight/BMI: Insurance providers may consider your height, weight, or Body Mass Index (BMI) as it can be indicative of potential health risks.
- Age: Age is a significant factor in determining insurance premiums. The younger you apply the cheaper your premiums will be depending on your circumstances.
- Smoker status: Whether you are a smoker or a non-smoker can greatly impact your insurance premiums.
- Medical history and family medical history: Your personal medical history and any family medical history can influence your premiums. Pre-existing medical conditions or a family history of certain illnesses may result in higher premiums.
- Coverage amount: The level of coverage you choose directly affects your premiums. Higher coverage limits or more extensive insurance policies often come with higher premiums.
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Phone: 0800 031 8829
Email: [email protected]