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LIFE INSURANCE
Leave Your Legacy
Talking about life insurance may sound depressing but it's an important topic of conversation. We all want our family to be safe and secure financially when we're no longer around and life insurance is a perfect way to leave a legacy for those we love.
Life Insurance offers a lump-sum payout when you pass away or if you're diagnosed with a terminal illness. Your loved ones can then use the money for whatever they like - whether that's paying off your mortgage, using it towards funeral costs or using it to cover living expenses whilst they come to terms with things.
Castlegate Financial Services is proud to be an exclusive associate of Vitality, one of the UK's leading specialists in financial protection for individuals and businesses.
Life Insurance Which Pays You to Stay Healthy!
As an Exclusive Associate of Vitality, Castlegate can offer some of the most competitive life insurance quotes on the market. We never add commission on to your premiums so you can be sure that the price Vitality quote is the price you pay.
With rewards to encourage you to be and stay healthy, Vitality Life Insurance is the only life insurance policy which puts your wellbeing first.
Save on fitness equipment and gym memberships and get perks like free coffee and discounted spa breaks and get lower premiums when you stay healthy!
What kind of Life Insurance do I need?
There are two main types of life insurance for individuals. Term Life Insurance and Whole of Life Insurance.
Term Life Insurance covers you for a fixed period of time, often tied to the length of your mortgage so that you know your family home will be secured in the event of your death. If you pass away during the policy term, your family receive a lump sum payment, set by you at the start of your policy.
Whole of Life Insurance lasts for as long as you do! When you pass away the policy ends and your family receive a lump sum.
How much does Life Insurance cost?
The cost of life insurance isn't as much as you'd think. The cost of not having it doesn't bear thinking about.
Life insurance policies start at as little as £5 per month, depending on the type and length of cover you decide to take out.
Term Life Insurance policies are generally cheaper as they cover you for a fixed term. Whole of Life cover runs indefinitely, as long as you carry on paying your premiums, with no fixed expiry or age limits on your cover.
Choosing the right life insurance policy is about more than just the cost. Talk to our protection experts to see which policy is right for you.
Insurance for Later-Life Conditions
By 2040 there will be over 1.6m people needing care for dementia in the UK. Often, even with help from local health teams, there is a shortfall between the cost and level of care provided and what is really needed.
When added to your Whole of Life Cover. LifestyleCare Cover stops you from having to dip into your savings or sell your home to cover your care costs.
LifestyleCare Cover protects you in the event that you can no longer look after yourself because of a degenerative condition such as Alzheimer's, Parkinson's or dementia or if you struggle with basic day-to-day tasks due to a stroke or other age-related illness.
When symptoms first appear and you are diagnosed you'll be eligible for a 20% payout to help you with the transition, with the rest payable when your symptoms worsen and more care is needed for day-to-day support.