About Royal Liver Life Assurance

The Royal Liver Life Assurance Company has been around for over 100 years and is happy to help individuals, families and businesses with all their life insurance and other types of insurance needs.

Royal Liver Assurance offers several different categories of coverage under the umbrella of life assurance coverage, there is level life, decreasing life, family income cover, accelerated critical illness cover and personal income protection cover.

Beginning with level life insurance, this simply means that the insurance sum will stay level throughout the policy, unlike decreasing or increasing term life insurance which goes up or down depending on the plan.

The decreasing life insurance is connected to the mortgage protection and is somewhat similar to the level term life insurance however the sum will decrease or go down in line with a policy holder's mortgage or debits.

A family income cover is a benefit that allows an individual to leave their loved ones financially secure in the event of their death. The insured's family will receive a monthly income if the policy holder passes away during the term of the account, as long as the premiums are current at the time of the policy holders passing.

The advantages of a family income cover is that the regular payments are tax free, it is a cost effective type of term assurance in relation to the coverage or sum required and the insured's income benefit could be linked to inflation rates.

Accelerated critical illness cover from Royal Liver Life Assurance Company offers an insured the option to add this coverage to a term life or level life policy. This additional insurance will cover the major breadwinner in the household in case they are stricken by a critical illness such as cancer or other terminal illnesses. The insurance company will make monthly payments to the family until the insured's death.

The advantages of adding critical illness cover to an existing policy are that the proceeds are tax free, it is possible for an insured to protect themselves from a wide range of illnesses and conditions and this coverage provides peace of mind in a time of personal crisis for many individuals.

With the critical illness cover package, an individual will expect to pay a higher premium compared to the conventional plans, terms and conditions vary widely from company to company so comparing prices is often difficult and the biggest disadvantage to the critical illness coverage is that medical evidence is required for those in poor health or those who are requesting a significant amount of coverage.

For life insurance coverage, it is important to compare prices and coverage of major companies before choosing the one that works best for an individual or family.