Vita - Life Insurance, Critical Illness and Income Protection

You can purchase Life Insurance virtually anywhere now, however, the cost for identical cover can vary dramatically. A pint of milk doesn't cost the same in every shop and insurance isn't any different either!

When your bank or mortgage adviser has sorted out your mortgage, it's likely that they'll use the 'would you like fries with that' approach to tag on some insurance. Whilst it may seem logical and convenient to use the same person who's helping you raise finance, you are unknowingly restricting your options and could end up paying around 50% more than you need to - which can total thousands of pounds over the term of a policy.

Read this article in The Telegraph which explains more.

Here at Vita we can source discounted premiums from all insurers in the UK and are experts in this field.

Considering whether to include Critical Illness Cover is one of the most important financial decisions you will ever make for yourself and your family. Please take 5 minutes to read our dedicated page.

Critical illness Cover aims to give you peace of mind, ensuring you can receive a tax-free lump sum if you are diagnosed with one of the listed critical illness conditions under the policy.

Worryingly, a serious illness, such as cancer, stroke or heart attack, affects one-in-four women and one-in-five men before they reach retirement age. The latest statistics from Cancer Research UK show that 1 in 2 people in the UK born after 1960 will be diagnosed with some form of cancer during their lifetime.

If you, or those who depend on you, would face financial difficulties if you became critically ill you should seriously consider taking out Critical Illness Cover. When you're critically ill, the last thing you need is any financial worry like the fear of losing your home because you can't pay your mortgage or provide for you or your family.

View our dedicated Critical Illness Cover page to learn more.

Each insurer gives you the option to write your Life Insurance policy 'in Trust'. This is a method which allows you, and nominated others, to control what happens to the policy proceeds after your death.

• There is no cost for setting up a Trust - we will draft the form and assist you to complete it.
  
• Ensures that the policy proceeds are paid directly to the people that you nominate.
  
• Avoid a potential Inheritance Tax bill - Policy proceeds are not typically liable to be taxed.
  
• Policy proceeds are paid at the earliest opportunity and not held up in Probate. (i.e. the proceeds do not form part of your Estate. They are kept separate).