Michael
Kirk and Partners Life Assurance
Michael Kirk and Partners Life Assurance
Established
in 1987, Michael Kirk and Partners are independent financial
and pension advisers and
administrators regulated by the Personal Investment Authority
(PIA). The Michael Kirk and Partners group has 25 staff and
our pension fund client monies exceed £100 Million.
Michael
Kirk and Partners Policy Basics
Level Term Assurance. A life assurance policy without
investment content. The policy cover lasts for a specified
period, provides a guaranteed sum assured in the event of
your death within that period, and terminates at the agreed
date. The policy will not attain any value. Can be established
on a single life or joint life basis (with the sum assured
payable on first or second death)
Mortgage
Protection. Similar to a level term assurance however
the sum assured reduces over the period in line with your
mortgage outstanding. Typically used for a repayment mortgages
and the premium you pay would stay the same throughout the
term.
Family
Income Benefit. These policies are very popular for parents
with young children. The policy provides for a regular income
in the event of the death of a parent. These policies are
designed to provide a regular income if the major income earner
were to pass away or to employ a professional helper (e.g.
A nanny) to look after the children while the surviving parent
continues to work. The policy is designed to provide cover
against death during a fixed term and will cease at the end
of the term without value.
For
further information on Michael Kirk and Partners Life Assurance
visit the Michael Kirk and Partners website.
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