Secure Your Family’s Future with Life Insurance

None of us like to think about the worst-case scenario — but life insurance is one of the most important financial decisions you can make. At Sims Mortgages & Protection, we offer clear, compassionate advice to help you protect what matters most. Our tailored life insurance policies provide peace of mind that your loved ones will be looked after financially if the unexpected happens.

What Is Life Insurance?

Life insurance pays out a tax-free lump sum to your loved ones if you pass away during the policy term. This payment can help cover debts, mortgage repayments, living expenses, or even funeral costs — offering financial security when it’s needed most.

Do You Need Life Insurance?

If you have dependants, a partner, or anyone who relies on your income, life insurance is essential. It helps ensure your family can maintain their lifestyle and meet key financial obligations even in your absence.

What Affects the Cost of Life Insurance?

Premiums vary depending on:

• Your age

• Health and lifestyle (e.g. smoking)

• Occupation risk

• Cover amount and length of term

• Type of policy

How the Application Process Works

1. Speak to one of our advisers for a no-obligation quote

2. We’ll compare the market and explain your options

3. You choose your cover – we take care of the paperwork

4. Your policy goes live and you’re covered We’ll check in regularly to review your cover as your circumstances change.

Common Questions About Life Insurance

Q: Will my policy pay out for any cause of death?

A: Most policies cover all causes except exclusions like suicide in the first year or non-disclosure.

Q: Can I change my policy later?

A: Yes, many insurers allow you to increase cover after life events (marriage, children, mortgage).

Q: How long should I be covered for?

A: Typically until children become independent or your mortgage is paid off — your advisor will help assess this.

Types of Life Insurance Policies

You can take out life insurance on your own (single cover) or together with a partner (joint cover). Joint policies typically pay out on the first death, which can be more cost-effective but may not offer full flexibility.

Level Term Life Insurance

Pays a fixed lump sum if you die within a specified term. Ideal for protecting your income or ensuring a set amount goes to your family.

Decreasing Term Life Insurance

Designed to cover debts like repayment mortgages, where the amount owed reduces over time. The payout amount decreases over the policy term.Designed to cover debts like repayment mortgages, where the amount owed reduces over time. The payout amount decreases over the policy term.

Whole of Life Insurance

Covers you for your entire life and guarantees a payout, making it useful for funeral expenses or inheritance planning.

Family Income Benefit

Instead of a lump sum, this policy pays a regular monthly income to your family for a set period after your death — helping them manage ongoing living costs.