What is Term Assurance?
Term Assurance is life insurance in its cheapest form. Designed to pay out a tax-free lump sum benefit in the event of your death, it protects your dependants financially, giving them peace of mind at an already distressing and difficult time.
It could be used to pay off any outstanding mortgage loan, or to protect a family’s lifestyle and every day living expenses. Without this valuable protection, your dependants may have no choice but to sell the family home or increase their working hours to afford the household bills.
There are various types of term assurance policies available to help with different needs, circumstances and budget:-
Level Cover
The amount paid remains constant or “level” throughout the term of the policy. This helps in meeting a known liability such as paying of an interest only mortgage, funding a standard of living or paying university fees.
Decreasing Cover
The amount paid decreases throughout the term, usually in line with a decreasing debt such as a repayment mortgage or other long term loan.
Increasing Cover
The amount of cover (as well as the premium) increases each year, automatically, to help protect it’s value against the impact of inflation.
The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
Client Testimonials
Shaun has looked after our family life assurance for longer than I care to remember.
He meets with us regularly, and is always informative and willing to meet after working hours if required.
I am impressed with Wendy also, who helps me with any information I need in Shaun’s absence.
We have peace of mind for all of our insurance.
Trevor Merrett
My husband and I have utilised Shaun’s services for 14 years.
Besides being professional, friendly, and approachable he provides us with accurate and precise information that is relevant to us.
The level of service goes beyond the norm, and its always good to see him usually over a cup of tea in the comfort of our own home!
Reason: Both focus on family protection and long term life cover relationships.
Jo Cox
Contact Details
St Swithin’s Park,
Almondsbury,
Bristol,
BS10 7TP
We are situated in The Bristol Golf Club, off Junction 21 along the M5, near to The Mall at Cribbs Causeway.
Free parking and a warm welcome is always assured.
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A referral remains the highest compliment we can receive. If you have family or friends that could benefit from our advice, we would be grateful for the introduction. Thank you.
Pure Protect Bristol is a trading name of Shaun Bond who is an Appointed Representative of PRIMIS Mortgage Network, a trading name of TenetLime Ltd. TenetLime Ltd is authorised and regulated by the Financial Conduct Authority. Registered office, St Swithins Park, Blackhorse Hill, Almondsbury, Bristol, BS10 7TP. Principal Shaun Bond