While the terms “life insurance” and “life assurance” are often used interchangeably, they’re not quite the same, and understanding the difference is key to choosing the right policy for your circumstances.
Life insurance typically covers you for a set period (a term). If you pass away during that term, the policy pays out a lump sum to your beneficiaries. This type of policy is often chosen to cover a mortgage or other large debt, and the cover amount can either stay level or decrease over time, depending on the type of policy selected.
Life assurance, on the other hand, provides whole-of-life coverage. That means the policy doesn’t run out after a fixed term. It guarantees a payout whenever you pass away, as long as the policy is still in force. This makes life assurance a popular option for covering long-term financial responsibilities like funeral costs or inheritance tax.
There are two key types of life assurance:
With life assurance, you’re securing your family’s future. If the worst were to happen, a life assurance payout could be the difference between your family staying in their home or facing financial problems. That’s why our life assurance brokers take the time to understand your situation before recommending a plan.
At Zing, we’re here to help you throughout your mortgage application. From your first enquiry through to completion - we’re here to make the whole process easier for you.
Choosing life assurance gives you and your family lasting protection. Here’s why more homeowners and mortgage applicants are turning to whole-of-life cover:
Guaranteed Payout
Unlike term insurance, life assurance mortgages guarantee a payout. It’s not tied to a specific period, so your loved ones will receive financial support no matter when you pass away, as long as premiums are kept up to date.
Covers More Than Just the Mortgage
While paying off your mortgage is a top priority, life assurance mortgages can also help with other financial responsibilities. It can be used to settle funeral costs, pay inheritance tax, or provide an inheritance to your family.
Tailored to Your Needs
Policies can be customised based on your age, lifestyle, mortgage type, and desired level of cover. Whether you’re interested in a level or decreasing policy, our advisers can help you choose the most suitable option.
Extra Support During Difficult Times
The government may offer limited financial help after the loss of a breadwinner, but it rarely covers the full cost of living or mortgage repayments. With life assurance in place, your family can remain financially secure and stay in their home.
Impartial Life Assurance Advice in Essex
We’re not tied to one provider, so we give honest life assurance advice in Essex that’s truly suitable for you and your family, not just what’s easy to sell. We compare life assurance across a comprehensive range of the market.
Flexible Appointments That Work Around You
Most of our clients choose Zoom appointments, but we also offer face-to-face meetings if preferred. Whatever suits your schedule, we’re here to provide expert advice at your convenience.
End-to-End Support With a Personal Touch
As a life assurance broker, we do more than recommend a policy. From comparing plans and explaining the fine print to liaising with solicitors and estate agents, we’re with you every step of the way.
Life Assurance Tied to Your Mortgage
We don’t just specialise in life assurance; we’re also highly experienced mortgage brokers. That means we can help you protect your mortgage and your home with the most suitable policy that fits your full financial picture.
Part of the HL Partnership Network
Through HL Partnership, we have access to deals from over 100 trusted lenders and insurers. That means exclusive options and competitive premiums that you won’t find on the high street.
It’s possible to take out a whole-of-life policy to cover you for as long as you choose rather than running for a fixed term. This type of policy is commonly used to cover inheritance tax bills and funeral costs. It may be that you need to be of a certain age to apply.
Term assurance is a good choice if your main concern is making sure your family is housed. You can opt for level term assurance, which provides a fixed level of cover over the time you specify, or decreasing term assurance. This gives a level of cover which decreases over time to reflect the amount of your mortgage still outstanding.
Call us today 03332 414 113
You can’t plan for everything in life, but you can plan to protect your family if the unexpected happens. At Zing Mortgages, we believe that protecting your mortgage is only part of the picture. Protecting the people you love should be just as important.
We’re here to provide expert, down-to-earth life assurance advice in Essex and across the UK. So, whether you’re exploring your options for the first time or reviewing your current policy, speak to a Zing life assurance broker today. We’ll help you make an informed decision that gives your family the peace of mind they deserve, now and in the future.
Life assurance lasts for your entire lifetime. Unlike term insurance, it doesn’t have an end date or a set period. As long as you keep paying the premiums and the policy stays active, it will pay out whenever you pass away, whether that’s in 10 years or 50. This lifelong cover makes it a reliable way to plan for things like funeral expenses or inheritance tax.
We offer a variety of life assurance policies, including level term and decreasing term assurance. Our life assurance brokers in Essex will work with you to determine the most suitable plan, based on your mortgage, family setup, and financial goals.
The right level of cover depends on several factors, including the value of your mortgage, your income, your dependents, and whether you want to cover other costs like funeral expenses or inheritance tax. Our advisers will walk you through your options to help you decide what’s most appropriate.
At Zing, we’re here to help you throughout your mortgage application. From your first enquiry through to completion - we’re here to make the whole process easier for you.
Efficient and Excellent Experience
1st time buyers and they made the whole process really easy from start to finish. Kept us up to date throughout and answered any questions we had strait away. Thank you Zing
Best choice we made
Gary was patient & understanding when dealing with our mortgage. Ellie was brilliant with weekly updates that increased to daily as we neared completion. Can't thank the team at Zing enough, would recommend to anyone.
Great service
Great service from start to finish. Lee was very knowledgable and got us the deal we where looking for. Was kept informed and he was always available, or called us back. Would highly recommend.
Excellent
Very nice service I will recommend it to my friends and if I need will use again. Very big thanks for Ian.
Good overall service
We have used zings services for a number of years now and have always been very happy with there services, although we had a bit of a slow start this time everything was completed well and would recommend them again for the future.
Would recommend
They chased the solicitors continuously for what was a long tome! They kept me up to date throughout which I really appreciated
