Life Insurance
Different types of Life Insurance
01
Decreasing Life Policies
Designed to reduce in line with a debt like a mortgage.
03
Whole of Life Policies
Whole of life policies are designed to stay in force through your life and will pay out on death. Often used to cover funeral or Inheritance tax liabilities.
02
Level Policies
Designed to help protect at a continues level, often used for interest only mortgage protection, or family protection.
04
Increasing Policies
Often used for family protection increasing polices can be used to help provide a lump sum for family members.
05
How can Balanced help
At Balanced, we believe it’s important you don’t buy life insurance because that’s "what everybody does". We will talk you through all your options, explain the different types of cover and what they do. We will also provide a personalised risk profile to help you decide what is important to you and help you prioritise your needs and budget.