Life Insurance 

Life assurance offers much-needed financial security to your loved ones when you’re no longer around. It provides a tax-free lump sum to your chosen recipient(s) upon your death. 

Types of Life Assurance 

There are two main types of life assurance: term assurance and whole-of-life assurance. 

Term Assurance 

Term assurance is designed to provide coverage for a specific period. This type of plan is often used to cover financial liabilities that will decrease or end in the future. For instance, it could be used to cover the repayment of a mortgage or to provide funds to protect your children’s education costs. 


Whole-of-life assurance is a plan that promises to deliver a lump sum regardless of when death occurs as long as contributions have been consistently maintained throughout the life of the plan.

These plans are typically designed to cover liabilities that will occur upon your death, no matter when that might be. This could include an Inheritance Tax bill or supplementing what you leave behind for your heirs. Whole-of-life plans are also helpful when the period of cover is unknown or uncertain. 

Time to Secure and Protect Your Family's Future? 

Life assurance can seem complex, but it doesn’t have to be. At F G Watts Financial Advisers, we’re here to help you navigate your options and find the best fit for your needs. Contact us today on 01604 973400 or email us at for more information.