5 tips for better life assurance from Daly Harvey Morfitt

1. Review your policy regularly – changes in personal circumstances, health and financial matters all make a review of life assurance policies critical.
   
   
2. Think twice about joint life policies – joint life policies pay out on the death of the first policyholder, leaving the second policy holder uninsured potentially at an age when premiums will be very high.
   
   
3. Consider critical illness cover – whether combined with your life assurance policy or a stand alone policy it’s important to consider.
   
   
4. Think about writing your policy in trust – this can be a way to ensure the policy proceeds go where you want them to and that the recipient isn’t stung for 40% tax.
   
   
5. Get advice – it’s important to make sure you have the right level of cover and are covered in the way you need to be. Talking to an IFA who specialises in this field is advisable.

Contact Daly Harvey Morfitt now to discuss your life assurance requirements. Call on 01789 299655.


Notes on using this fact sheet:
This fact sheet is published solely to provide information and it does not constitute advice or a personal recommendation. Always take detailed financial advice from a suitably qualified individual before making important financial decisions.