Life Insurance
- Financial Security for Your Loved Ones When It Matters Most
- Tailored Life Cover to Suit Your Family’s Needs & Budget
- Independent Advice You Can Trust for Complete Peace of Mind
What's On This Page?
Book an appointment
Life Insurance – Protecting the Ones You Love Most
No one likes to think about what might happen if they’re no longer here — but planning ahead means your loved ones won’t have to worry about financial security during an already difficult time.
At L & K Financial, we help you find the right life insurance cover to give your family peace of mind and financial stability, no matter what life brings.
Why Life Insurance Matters
Life insurance is designed to provide a tax-free lump sum or regular income to your family if you pass away during the term of your policy. This can help cover:
- Mortgage or rent payments
- Everyday living costs
- Debts or ongoing commitments
- Children’s education and future plans
Having the right protection in place means your loved ones can focus on healing — not on how to manage the household finances.
Types of Life Insurance
There isn’t a one-size-fits-all solution when it comes to protecting your family. That’s why we’ll take the time to explain the options clearly and help you decide which is right for you.
1. Level Term Life Insurance
Provides a fixed lump sum if you pass away during the policy term — ideal for covering family needs or specific debts.
2. Decreasing Term Life Insurance
Often used alongside a repayment mortgage, the amount of cover reduces over time in line with your loan balance, helping to keep premiums affordable.
3. Whole of Life Cover
Pays out whenever you pass away, as long as premiums are maintained — a way to provide guaranteed peace of mind or leave a legacy.
4. Family Income Benefit (FIB)
Instead of paying a lump sum, Family Income Benefit provides your loved ones with a regular, tax-free monthly income for a set period after your death.
This can be especially valuable for young families who rely on a steady household income to cover day-to-day living costs such as food, bills, childcare, or education.
- Payments are predictable and manageable, mirroring the income you would have provided.
- The policy can run until your children become financially independent.
- It offers excellent value for money compared to traditional lump-sum cover.
Speak To an Expert
Protect What Matters Most – Your Family, Income & Home
Personalised Life Insurance Advice
At L & K Financial, we don’t believe in generic policies or online guesswork. Every client’s circumstances are different, which is why we take time to:
- Understand your family, commitments, and financial goals.
- Assess the level of cover you truly need.
- Recommend policies that are both affordable and reliable.
We also review your life insurance regularly to make sure it keeps pace with life’s changes — such as buying a new home, starting a family, or changing jobs.
The Right Cover for Every Stage of Life
Whether you’re a first-time homeowner, growing your family, or simply want to make sure your loved ones are looked after, the right life insurance can provide lasting protection and reassurance.
Our aim is to make the process simple, transparent, and stress-free — so you can focus on what really matters: living your life with confidence.
Secure Their Future — Starting Today
Your family’s security shouldn’t be left to chance. Speak to L & K Financial today for friendly, expert life insurance advice in Nottingham and across the UK.
Let’s make sure your loved ones are protected, whatever the future holds.
L & K Financial – Protecting your future, one step at a time.
FAQ Life Insurance
Life insurance is a policy that provides a tax-free lump sum or regular income to your loved ones if you pass away during the term of the cover. It’s designed to help your family maintain financial stability, covering expenses like mortgage payments, everyday bills, or future plans.
If you have a partner, children, or financial commitments such as a mortgage, life insurance can make a huge difference. It ensures your family can continue their lifestyle and meet financial responsibilities without added stress during an already difficult time.
That depends on your personal circumstances. Factors such as your income, mortgage balance, debts, and family expenses all play a part. At L & K Financial, we’ll help calculate the right level of cover so your loved ones have the financial support they need — without overpaying for unnecessary extras.
The cost depends on several factors, including your age, health, lifestyle, and level of cover. Policies can start from just a few pounds a month. We’ll compare plans from a range of insurers to find one that offers great value and suits your budget.
Most insurers will still consider applications from people with existing health conditions. Some may charge a higher premium or apply exclusions, but we’ll search the market to find the most suitable provider for your individual circumstances.
Yes. It’s a good idea to review your policy whenever you buy a home, get married, have children, or change jobs. Life moves fast — and your insurance should evolve with it. L & K Financial offers regular reviews to make sure your cover stays relevant.
Family Income Benefit (FIB) is a type of life insurance that pays out monthly or annual payments rather than a lump sum if you pass away during the policy term.
It’s designed to replace your income, helping your family continue to cover everyday costs such as mortgage payments, food, utilities, and childcare.
- Payments usually continue until the end of the policy term (for example, when your children reach adulthood).
- It can often be a more affordable way to provide meaningful, long-term support for your loved ones.
We’ll help you decide whether Family Income Benefit suits your situation or if it should be combined with another type of life insurance for broader protection.