life insurance

Life Insurance Brokers - Honest and Open Advice

As there are lots of variations for Life Insurance, it can benefit you to have professional advice specific to your personal circumstances, allowing you to make an informed decision. Our advisers are ready to assist you with some no obligation advice

Whether its for a new quote or for a comparison on existing insurance give us a call.

Are you paying too much?

Many people are paying too much for the cover they have, and as we have access to all the major insurance company's, we could give you the same cover for a more competitive monthly premium.

Put us to the test and see how much we could save you. Just follow these easy steps so that you can quote like for like:
1. Find your policy
2. Note the premium that you are paying
3. Give us a call or fill out the insurance quote form

Life Insurance Trust

An arrangement which allows designated trustees to administer the payout from a life insurance policy in the event of the death of the life assured. The process of a trust is that in the event of the death of the grantee (policyholder), the life insurance trust is passed to the trustees, the policy then pays out to the trust and then finally the money is distributed accordingly by the trustees.

The three main reasons of writing a life insurance policy in trust are to:

1. Mitigate estate taxes such as inheritance tax.
2. Nominate multiple beneficiaries.
3. Avoid time and costs associated with probate.

Probably the most useful reason for writing life insurance into trust is to avoid IHT (Inheritance Tax).
There are different types of trust available that have different uses dependent upon your requirements for example split, flexible, stakeholder and absolute.

Please note: The Financial Conduct Authority does not regulate trusts

Term Insurance

Pays out if you die within the chosen term of the policy, can be set up on a single or joint life basis, level, decreasing or increasing benefits paid as a lump sum, or as an income, depending on your needs, decided at the outset of the policy (other options available)

Level Term - A type of term insurance with the benefits payable remaining constant though out the term of the policy. If a level policy is the route you choose, then you need to be aware that inflation could reduce the true value of you policy, i.e £100,000 sum assured today, which pays out in 15 years time, will not have the same value as today, so you may want to have your benefit increasing to keep up with inflation.

Decreasing Term - A type of term insurance with the benefits payable decreasing though out the term of the policy.

Increasing Term - A type of term insurance with the benefits payable increasing though out the term of the policy.

Family Income Benefit - An alternative method of payout for a term insurance insurance policy, as opposed to a single lump sum. As the name suggests the payout on this type of policy is an income spread over a period of time. This type of policy can be a good choice for the purpose of family protection, but other options are also available....

Call us for no obligation advice or request a call back from one of our advisors.

Whole of Life

A Life assurance policy that, as the name suggests unlike a term policy, will cover you for the whole of your life, payable when you die, tax free. Policies can be single or joint life, with level or increasing benefits. The main reasons for taking out a whole of life policy are:

1. Offset inheritance tax liability
2. Cover funeral expenses

Level Whole of Life - A type of whole of life assurance with the benefits payable remaining constant.

Increasing Whole of Life - A type of whole of life assurance with the benefits payable increasing.

Call us for no obligation advice or request a call back from one of our advisors.

Please note: Your 1st Quote Ltd are not authorised to provide investment based whole of life advice, you will be referred to a suitably authorised and qualified adviser.

Key Man Insurance

Protects your Business should one of your main employees die within a chosen term, to protect turnover until the employee can be replaced....

Call us for no obligation advice or request a call back from one of our advisors.

Business Partner Insurance

Protects business partners on death, in which case you need to set the policy up correctly at the outset, which could be by using a "double option agreement" or sometimes called a "cross option agreement", which will ensure if a claim is made on the policy then the benefits are used in the way in which you wanted them to be used when you set the policy up....

Call us for no obligation advice or request a call back from one of our advisors.

The information on this website does not substitute the advice that you would gain from speaking to an adviser. Call for a relaxed, no obligation, free consultation of your options.

Personal Service

We offer you a personal service with clear and open advice from start to finish from your initial enquiry to completing your application and servicing throughout the term of your Mortgage or policy.

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You can call into our Newcastle office or we can come to you, day or evening for no obligation advice, or simply fill in your details on our enquiry page and we will contact you.

Honest & Open Advice

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Your First Quote Ltd (Company Registration number 05109072) is an Appointed Representative of The Right Mortgage Limited,
which is authorised and regulated by the Financial Conduct Authority.
Your First Quote Ltd, Registered in England & Wales (FCA No. 409330)
10 Brett Close, Newcastle Upon Tyne, Tyne and Wear, NE7 7FE.

There maybe a fee for mortgage advice. The amount will depend on your circumstance. Our typical fee will be £299.

Mortgage Brokers covering: Tyne & Wear, Northumberland, County Durham, and London
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