Independent Financial Advisors for IT Contractors
Published on 28th September 2009
As a Contractor, you may not have replaced your lost 'death in service' benefits that you used to benefit from as a 'permi'. But when you become a parent the safety net that this cover provides becomes vital to protect your children if the worst should happen.
With this in mind, we can now offer life cover worth £10,000 absolutely free to new parents.
The joy of becoming a parent is often accompanied by an overwhelming feeling of responsibility for your new born. You begin to consider how you will create a safe home environment for your baby and how you will protect it if anything should happen to you. It's easy to forget the importance of life cover when you get caught up in the excitement of a new baby, but with free cover for new parents it need not be a financial burden. The award winning protection advisers at ContractorFinancials can help you to arrange the cover without any hassle so you have more time to enjoy the important things.
Life cover offers an essential safety net to Contractors because if you die then it will pay out a lump sum or an agreed income to cover your families expenses and pay off any debts. At an already traumatic time, life cover offers the peace of mind for your dependents that they are protected financially and prevents them from being liable for any debts you leave behind.
You can insure yourself for a certain period in your life, for example until your children leave home, or you can choose a whole of life policy that will pay out no matter how old you are when you die. The insurance can be inflation proofed to ensure that the amount paid out upon death will be worth the same amount in spending terms as when you decided to take out the policy. This is particularly important for a whole of life policy as £100,000 now would hold a very different value in 30 years time.
The offer of £10,000 free life cover applies to new parents and as such you need to register for the cover before your baby is six months old. The offer applies to both parents and is per child so when you and your partner have a baby you can claim £20,000. If you are lucky enough to have twins then you can claim £40,000 free life cover and so on.
It is possible to take out excess cover on top of your free cover which
you will need to pay monthly premiums on. We would advise Contractors
to have enough cover in place to pay off any outstanding debts and also
provide a safety net for your family to fall back on if the worst should
happen. The free cover will end on the child's first birthday by which
time you should be back on your feet financially and able to take on the
repayments which will be relatively low on this level of cover. Our advisers
will be on hand to help you arrange an affordable cover to suit your individual
needs.
It is quick and easy to arrange your free life cover with ContractorFinancials. The award winning protection advisers will take your application details over the phone and the entire process can be completed via email, telephone and post. So you can arrange the right protection for your family without the hassle of a face to face meeting at this already hectic time.
Steve BirchallThe whole process was so quick and easy with no worries...
Nick WilliamsI would have no hesitation in recommending your company to others...
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Please Note: Financial advice on these pages is given by ContractorMoney, which is a trading name of Contractor Financials Ltd and is regulated and authorised by the Financial Services Authority.
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