When it comes to arranging insurance – how do you go about finding a product that will give you the cover you need?
LR Finance make recommendations based on their research into the wide range of insurance products available. There are products that we will recommend purely on cost, where the cheapest policy will give you the cover you need. However, the cheapest policy is not always best and we will advise you of the details and reasons for our recommendations before your insurance policy is arranged.
A Life Insurance Plan can be arranged to provide you with a lump sum or a regular income for your family in the event death, or simply pay for the funeral expenses.
IF THE POLICY HAS NO INVESTMENT ELEMENT THEN IT 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.
Critical Illness Cover
A policy can be taken out that is designed to pay a lump sum on diagnosis of a specified critical illness. This cover gives you time to review and act on your change in circumstances, for example, take time out with your family, make alterations to your home or to pay for additional medical treatment. These policies have evolved over the last 10 years and some providers also make partial payments on diagnosis of illness in earlier stage conditions.
THE POLICY MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. FOR DEFINITIONS PLEASE REFER TO THE KEY FEATURES AND POLICY DOCUMENT.
We carry out extensive research and recommendations for Health Insurance products and can also arrange cover to protect your income in the event of an accident or sickness.
Research and Recommendations
LR Finance uses specialist research tools to make comparisons and check product details. Our recommendations on which insurance products will best suit your needs are based on the quality of the plans available across the whole of the insurance market, rather than price alone.
How we charge for our services
You will always know how much we will charge for our advice and recommendation. All financial advisers are required to list their charges and at LR Finance we believe in being open about how we charge.
Typically we will not charge you a fee for advice and arranging an insurance product. We receive commission from the insurer and this is reflected in the premium amount you pay them. The amount of commission varies depending on the type of contract, term of cover and the premium amount.