Speak to an Advisor 7 days, 8am - 10pm
Speak to an Advisor 7 days, 8am - 10pm
Life Insurance, which can also be known as life assurance or life cover, is a type of policy to give your next of kin peace of mind with financial support when you sadly pass away.
All of these policies are designed to pay out a lump sum to the ones you cherish to financially help them deal with everyday money worries i.e. paying off the rest of your mortgage, childcare if you have any children, costs and bills.
If you contemplate taking out Life Insurance in Liverpool, then you will benefit from speaking with one of our protection and mortgage advisors in Liverpool.
We aim to work alongside you to comprehend your current circumstances to try and find you the most suitable insurance deal for you.
If you fit the criteria and want to keep your loved ones financially safe, then you should consider taking out Life Insurance in Liverpool.
This isn’t compulsory, but if you take out a mortgage with a friend or partner, you wouldn’t want to leave them financially struggling with your leftover repayments. This is one of the main reasons why taking out Life Insurance in Liverpool could be essential to you.
Before purchasing a Life Insurance product, we recommend speaking with a qualified protection and advisor in Liverpool, from a mortgage broker in Liverpool.
We will assess your personal and financial situation and work with you to find the most appropriate insurance product for your needs.
When it comes to important life milestones like buying a home, starting a family, or getting married, life insurance is highly recommended. Establishing this protective shield becomes crucial to ensure that your loved ones are shielded from potential financial burdens if unforeseen circumstances arise.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
Life insurance plays a pivotal role in safeguarding your financial well-being, providing peace of mind for you and your loved ones in the face of unexpected events. Our proficient insurance and mortgage broker in Liverpool is well-equipped to guide you in selecting the ideal policy and provide you with expert insurance and mortgage advice in Liverpool that aligns with your unique needs and circumstances.
The amount of cover you will receive and the premiums you have to pay will depend entirely on your current circumstances and the type of policy you match up to. As each policy is different, we tend to find you would pay a premium to the insurance providers for the duration of your policy.
Our qualified Protection Specialists in Liverpool, tend to see a trend where the younger and healthier you are, the more affordable your quote may be. Your Life Insurance quote will consider the following:
As it’s up to the person who takes out the cover, the cover can either pay out the whole sum insured at once or through regular payments.
The perks of taking out Life Insurance in Liverpool is that you can choose what your payout is used for. For example, you can choose the payout to be used only for debts, such as a mortgage.
The key thing to remember is Life insurance in Liverpool is a policy to provide financial support for family members, replace lost income or pay off any outstanding debts owed in the person’s name.
Our Customers Love Us
4.98 Rating268 Reviews
Mark
Once again Liverpool money man goes above and beyond to help me get another mortgage. I had a few issues regarding being self-employed and struggling to get a mortgage within 1 week LMM had my mortgage approved. Thank you very much all involved....
5 days ago
Charles
Great service, start to finish Tom and the team helped and advise whenever we had any queries. Transparent pricing.
3 weeks ago
Kelly
I used MoneyMan for my first mortgage, I was thrilled with the service they provided back in 2017 therefore I went back to them for my remortgage Chris & Debbie were super helpful with my remortgage. Would highly recommend.
2 months ago
Christopher
Had a retirement mortgage agreed and completed. Wayne and Moneyman were excellent, very professional, knowledgeable and helpful at all points. Happy to recommend their services
3 months ago
Stacey
I have been using Liverpool Moneyman for my mortgages and remortgages since 2014. Great flexible and friendly service.
3 months ago
Helen
Leo and the team have been exceptionally thorough in explaining all my options. I truly felt that Leo had my best interests at heart, going above and beyond even offering advice and support beyond his usual remit. He’s been incredibly patient with...
6 months ago
Steven
Always very helpful. Helped us buy our first house and have been great assisting with the remortgage process.
6 months ago
Mr James
Always friendly and provide sound advice. Very supportive look out for the best interest of the client.
7 months ago
Kevin
Brilliant from start to finish. No fuss. Chris found me a new deal with my existing provider. Have recommended this company to my friends.
7 months ago
Hannah
Fantastic service from beginning to end, extremely informative and supportive. Daniel was very easy to communicate with and provided all the information we needed.
7 months ago
Michael
Excellent service, always professional and friendly. This is the second time I’ve used moneyman and their advice has been invaluable. Jason and Lizzi have been outstanding.
7 months ago
Vitor
I am so glad I find this Mortgage Broker , specially Tom Bowes and Debbie Stones, they both were very professional and polite from start to end , they keep me informed and updated at all times, the process was very smoth and fast, highly...
7 months ago
Tarique
I wanted to say a big thanks to Paula, Leo, and the Liverpoolmoneyman team. Both Paula and Leo have managed to secure me a great mortgage deal. Making this whole process seamless and less stressful with clear communication during each stage. I would...
7 months ago
Tarique
I wanted to personally thank Leo Shakespeare, and Paula Milner. And the UK Moneyman team for outstanding customer service in securing my new mortgage. Your outstanding expertise, patience, and clear communication has made this whole process much...
7 months ago
Georgia
Daniel was so helpful throughout our remortgage process. We used Liverpool Money Man when taking out the original mortgage and we didn’t regret it at all, so helpful and made us feel so reassured at each stage. Thank you again!
8 months ago
Shauna
Matt and Debbie at Liverpool Money Man were so helpful throughout the process of securing me my mortgage offer. From start to finish, they were friendly & explained every step of the process. They were also easily contactable and responded to any...
10 months ago
Rajeetha
Very good service
11 months ago
Rajeetha
I am with Liverpoolmoneyman from 2020. Always reminding me the end of terms make good offer from mortgage providerS.
11 months ago
Katie
Very happy with the service provided. Both Dan and Jonathan were very informative and supportive throughout the process, and I especially thank them both for their patience in answering all of my questions and clarifying everything for me. I will...
1 year ago
Anonymous
Very patient crew although we showered them with a lot of questions and frequently asked for updates
1 year ago
Our adept protection and mortgage advisor in Liverpool is readily available to assist you.
During our initial meeting, we will delve into your history and gather pertinent details to create a customised plan that aligns with your financial resources.
With our team, they can search through an extensive array of insurance products, identifying the one that best caters to your distinct requirements and financial circumstances.
Together, we will construct a personalised plan that accommodates your monthly budget constraints.
Once you are content with the product we have recommended, we will proceed with submitting your application to the provider. In certain instances, the policy provider may necessitate supplementary information prior to accepting the application.
If you initially secured your mortgage through our services, we will also review any existing policies you currently hold when you undergo the process of remortgaging.
As your circumstances evolve, the policies you initially acquired when you obtained your mortgage may no longer be optimal for your situation.
Rest assured, our primary objective is to find you the most appropriate protection in place to address your specific needs. Reach out to us today to schedule your consultation.
If you want to find out more about Life Insurance, take up our free Insurance consultation in Liverpool. We will explain the policies available to you and why they could benefit you and your loved ones.
Our Protection Advisors in Liverpool aim to make sure that you have the most suitable policies in place to allow you to leave your next of kin in the best position possible if you were to sadly pass. This is why taking out any Life Insurance in policy will give you peace of mind and take the financial stress off those you love.
If you are looking for Protection Advice in Liverpool, we are aware of all the different types of coverage and explain to you the benefits of taking our Life Insurance in Liverpool.
As a Mortgage Broker in Liverpool, we’ve found that Life Insurance is typically taken out in conjunction with other policies, depending on your current situation. For more information check out our other insurances pages.
With Level Term Life Insurance, you will only be covered for a ‘fixed term’ but still, get a payout. This policy only pays out if you pass within your policies term. We tend to find that Level term Life Insurance runs between 5-25 year terms in 5-year increments.
Term Life Insurance is often used to cover mortgage payments. This policy is often a popular choice for those looking for a particular insurance to take out during their mortgage term. Therefore, if you were to pass and still have your mortgage to pay off, the policy will pay out your share of the mortgage and not to any other name attached to the mortgage.
You may be questioning “why would you want to take out a policy that decreases in value?”. You see, this policy targets homeowners with repayment mortgages. This policy is usually taken out to pay off the outstanding mortgage balance should you pass.
The policy’s value mirrors the unpaid balance remaining on your mortgage. As the amount owed on your mortgage decreases, so does the sum insured.
Decreasing Life Insurance is typically taken out alongside other Insurance products depending on current circumstances. Speaking to a Mortgage & Protection Specialist in Liverpool, we can help recommend you the most suitable insurance for your needs.
Increasing Term Life Insurance is a type of policy that still payouts if you pass within your fixed term.
The difference with Increasing Term Life Insurance compared to other policies is that the amount that you are covered for increases as your term goes on. It will increase by a fixed amount until your policy term ends.
Increasing Term Life Insurance was introduced to shield the policy’s total value against inflation and is usually in line with the retail price index.
As the name suggests this type of policy covers the whole of your life. When you pass, the policy that you took will payout. You may expect this policy to cost slightly more than a Level Term life Insurance. But you pay that little bit extra to be covered throughout the rest of your life.
make sure you kept up-to-date with your life insurance payments, as this type of insurance is usually used for family protection and part of inheritance tax planning.
We tend to find most couples either in a relationship or married take our Joint Life Insurance. This policy will payout in the event of one of you passing. You can choose to have two separate Life Insurance policies instead of one. However, a Join Life Insurance policy is often cheaper than taking out two separate policies.
How the policy works is that if one person passes, the policy pays out, and then ends. This may seem like a downside to the policy, but if you originally took out the policy to pay off your mortgage, you would still be able to do so as the money will be released after the death of one of the policyholders.
Death in Service Life Insurance cover may be an option depending on if you have been offered it by your current place of employment. Your company is not bound to provide Death in Service cover. But we tend to see some do as part of their employee benefits schemes.
Death in Service is paid in a lump sum of cash paid out to an employee’s family or a person of their choice when the policyholder passes. This sum can be up to 5 times their annual salary. There are no specific limitations on what can be done with the employee’s money.
Being a single homeowner doesn’t mean that you should overlook all Life Insurance options. Even if you are currently living on your own without children or a partner. It’s not uncommon for people to forget about Life Insurance.
What you should take into consideration is what could change in the future, and if they do, then Life Insurance could become an essential thing to have.
For more information regarding any policies mentioned above, please get in touch to speak to one of our Mortgage Protection and Insurance Specialist in Liverpool and find which policy is the most suitable for you and your current circumstances.
Read our 268 Reviews
Liverpoolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Liverpoolmoneyman 2025.
Contact
Follow Us
Liverpoolmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Liverpoolmoneyman 2025.
Speak to an Advisor
7 Days a Week, 8am – 10pm
