Expert advice on Life Insurance, Mortgages and Wills in Northern Ireland
Covering counties Antrim, Down, Armagh, Derry-Londonderry, Fermanagh and Tyrone
Call our Newry office for 'No obligation' advice on 02830 252455
Life Insurance Northern Ireland call us now 028 30252455                        lines open Mon to Fri 8.30am-8pm Sat 9-5pm
Life Insurance

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Quick quote Life Insurance Northern Ireland

In General Life insurance is designed to pay a lump sum should you die during the term covered by your plan. The term could be the whole of your life (this type of policy is known as a ‘whole of life insurance policy’) or you could have a specified term of years (this type of policy is known as a term insurance policy or term life insurance. Just how much money your life insurance policy will pay out is entirely up to you, although we would recommend seeking advice i.e. what is suitable for your needs and budget . Within reason you can choose to have any amount of life insurance you desire and you may also hold multiple life insurance policies. A key factor when considering how much life insurance is needed is to be sure of how much money that you will need to cover any current or future financial commitments. So as an example, you may wish to leave sufficient money to clear your mortgage, pay off any credit cards or loans, pay university fees for your children, or provide your partner or spouse (the term spouse can apply to husband, wife or civil partner) with a sufficient fund to live and support themselves and or your family after your death.

What needs to be considered when taking out Life insurance?
A good place to start would be any outstanding mortgage balance, you should also consider the many costs that are linked to raising a young family in the future including school or university fees. You may have additional financial commitments to consider i.e. loans, hire purchase agreements or a mortgage on an investment property that needs protected. This protection can be provided by life insurance normally through a term insurance policy but you could also choose a whole of life insurance policy. Never forget you should include any other loans or money owed that you are responsible for. These are all areas that need to be considered when looking at your life insurance requirement.

You may also have a business relationship - such as a partnership that needs protecting. Life insurance in this instance can also be backed up by a ‘trust’ and a ‘double option agreement’ this will ensure that the life insurance benefit is paid to the designated beneficiaries.

You may be covering the care costs of an ageing parent, which you will need to consider when reviewing your life insurance needs. Depending on the life insurance plan you choose, you may also be able to review your plan as your needs or circumstances change, adding cover as appropriate. This is sometimes called a reviewable life insurance policy.

What does Life insurance do?
Life insurance cover plans pay out on your death and many plans now include ‘terminal illness benefit’ meaning your life insurance policy can pay out an advanced benefit if you are diagnosed with an incurable terminal illness, normally when life expectancy is less than 12 months.

Who is Life insurance for?
Life insurance is for you if:

    you have financial commitments that would need to be honoured if you died or suffer a terminal illness
    you would like to provide a spouse, partner or dependant with a cash sum if you die or suffer a terminal illness

Sugar Island Financial Advice are your local Northern Ireland and Uk life insurance experts covering counties Down, Armagh, Antrim, Derry-Londonderry, Fermanagh or Tyrone. We are right here on your doorstep and can provide life insurance designed to meet the specific needs of you and or your family.


Call us now for a quote 028 30252455  No obligation 
Call us our lines are open Mon to Fri Between 8.30am and 8.00pm, Sat 9.00-5.00pm and Sun 9.00am-1pm or click the Quick Quote life insurance button opposite we’d love to hear from you!


*Life cover based on a Male aged 30, non smoker Amount covered 64,215.00 over 10 years. Terms and exclusions may apply.

The information on this website is subject to the UK regulatory regime and therefore targeted at consumers based in the UK.