With a range of options to choose from, our team of professional advisors will work closely with you to understand your personal circumstances and provide you with expert advice to ensure you select the right life insurance policy for you.
We will discuss our following key products and services with you and explain how they can benefit you and your loved ones:
Life insurance
This policy can safeguard your loved ones with either lump sum or monthly payments in the event of your death. Whether you are looking to pay off a mortgage or to secure a quality education for your children, we will work with you to find the right policy for your specific requirements.
Critical illness insurance
This policy is designed to pay out a pre-agreed lump sum if a critical illness is diagnosed. This will lighten the burden by providing funds for medical fees, rehabilitation, after care and lifestyle changes.
Income protection/Permanent health insurance
This policy is designed to supplement your full salary in the event of serious illness or incident leaving you unable to work, and is paid up until the day you would have retired. The regular payments will cover you and your family's living expenses in combination with your state benefit.
All three policies can be combined to create a complete protection plan or taken in isolation to cover for the particular area of risk that is of concern to you. Our advisors will discuss these options with you so you are in the best position to make the right decision for you and your family.
Speak with one of our advisors about your lifestyle or medical concerns to find out which specific rates or exclusions can be added for you. This can include items such as:
Regular participation in dangerous sports/hobbies i.e. piloting, motor sports, scuba diving, parachuting
High risk occupations/travel to high risk areas i.e. oil and gas industries, armed forces, travel to war zones
Existing medical conditions i.e. high blood pressure, obesity
Poor medical history
Smokers
Disclosure is required during initial setup of your policy; our advisors will be able to provide full assistance during this stage.
Standard Exclusions
Deliberate exposure to fatal danger
Suicide
Participation in war
Drug and alcohol abuse
These are just some of the key exclusions/limitations, full details will be found in policy wordings.
Most common sports and pastimes will be included in your cover. Anything out-of-the ordinary should be discussed with your advisor, especially if these sports are played regularly.
Regular foreign travel is covered in our policies. As always, if you have anything specific, like travel within war zones for example, make sure this is declared during one of your initial consultations.
Insurers have two ways of covering more likely events into your policy. The first is called 'rating', which simply means to increase your premium in relation to the added risk. This makes it more expensive but provides you full cover. The other is to add the specific risk as an 'exclusion'. This keeps the cost to you as low as possible but leaves you without protection for the specific risk. Our advisor will be able to provide you with more information on all the options available to you.
In the event of your death we will undertake all the necessary actions on behalf of your family, such as collating all information, completing claim forms, speaking with the insurers and providing regular updates. Our expert advisors will work with your family to quickly and sensitively provide the necessary support, advice and action.
At Towergate we go to great lengths to understand your personal circumstances, goals and aspirations as this will enable us to recommend the most appropriate solutions for you. The suitability of protection products will depend on various factors. There are many different types of protection products and through discussion to understand your individual needs, a Towergate financial adviser will identify what product or combination of products most suits you.
In a time of tragedy the last thing anyone wants is to have to worry about their financial affairs. Our goal is to take these concerns away from your beneficiaries. Our experienced claims and grief advisors will be on hand, proactively managing your claim and offering caring and compassionate advice and guidance. We will be able to support with issues such as:
Making a claim, filling out forms and liaising with the insurers
Administration support with any other claims (from other providers), updating records, retitling assets
Unusual or difficult situations such as death whilst abroad and travel arrangements for family members
Advice for ceremony preparations, transport and homing of the deceased
Support with organising grief counselling
Financial guidance for the future, after payment and advice on continued safeguarding for children and beneficiaries