Life insurance isn’t difficult to arrange, let us help.
In an uncertain world ensure your loved ones are protected if the worst happens. Life insurance provides this peace of mind, paying a tax-free lump sum to those you might leave behind. We offer independent advice. We take time to talk and understand your situation, there is no hard sell, only sound advice.
Life Insurance For Individuals, Couples and Families.
- A tax-free lump sum for your dependants to live on and pay-off mortgages, loans or credit cards.
- Usually a fixed term policy, single or joint lives, often arranged until children are 21, until retirement or the end of a mortgage term.
- Sums assured are typically level but can decline in line with the outstanding amount of a repayment mortgage.
- We can arrange larger sums insured for wealthy clients.
Protecting Wealth in Your Business.
- Tax Efficient Life Cover
Relevant Life is life insurance arranged for directors and employees, paid by the business but with any benefits going to their dependents. Often significantly cheaper than individual life insurance due to favourable tax treatment. Elevate are specialists in this form of ‘death in service’ life insurance.
- Key Person Cover
Arranged by a business to protect it from the death or serious illness of people critical to its success. Pays out to shareholders, providing a financial buffer against the disruption.
- Shareholder Protection
Provides money to remaining shareholders which they can use to buy-out a deceased or critically ill business partner. Shareholders typically take out a policy with the benefits written in trust for the other shareholders. Often linked to a cross-option shareholder agreement.
Critical Illness Cover.
An option that can be added to most life insurance products where a lump sum is paid if the insured person is diagnosed with one of 40-50 serious conditions such as cancer, heart attack, stroke and brain tumours.
How We Help.
At Elevate we’re classed as a non-advised brokerage for life insurance. We’ll use the personal information you provide, to identify suitable policy options, allowing you to make an informed decision, placing you in complete control of your final decision.
We Partner With Leading Life Insurance Providers.
Elevate Life Insurance FAQs.
What details do I need to provide?
When applying for life insurance you will typically be asked to provide basic personal, lifestyle and health information. In some cases, a GP report or a medical may also be required.
How much cover do I need?
This will depend on your financial and personal situation, the size of debts you might wish to pay off in the event of death, other liabilities on death you might have and the amount you might wish your dependents to live on.
Why use a broker to arrange life insurance?
Brokers like Elevate can review the market and provide multiple quotes and product offerings. At Elevate you will always talk to a broker, not a call centre and not an online form. Our advice is free to clients and we do not charge a fee.
Does life insurance really pay out?
More than 97% of life insurance claims are paid with more than 35,000 families/beneficiaries were supported following an unexpected bereavement, to the tune of £2.9 billion in 2019.
How much will I pay?
Premiums will generally be determined by your age, your health, your weight & height, your lifestyle, whether you smoke, the length of the policy, the amount of cover required.
What does all the jargon mean?
Insured (the person whose life is covered and in the event of death a pay-out made)
Term (the duration of the policy)
Premium (the cost of the insurance, typically monthly)
Sum assured/insured (the lump sum amount paid out on death or critical illness)
Benefits (the amounts paid out, quantified by the sum assured)
I needed advice on life insurance when I bought my first property. James was knowledgeable, nothing was too much trouble and I would recommend him and the team at Elevate
We treat all of our clients as individuals. We have time to talk, we listen and understand what you need. We are here for clients throughout the insurance process, arranging customised cover, adapting policies as things change, reviewing the market every year and supporting them with any claims. Your personal advisor is available on a direct dial.