Life Insurance
Life insurance can provide financial protection for the people who depend on you by paying a lump sum if you die during the policy term, subject to the policy terms and conditions.
Funding-247 can introduce clients to Echo Finance Limited to discuss suitable protection options. The appropriate policy, level of cover and premium will depend on your circumstances, health, lifestyle, budget and financial objectives.
Policy exclusions, limitations and the consequences of missed premiums should be reviewed carefully before proceeding.
Different protection products serve different needs. The most suitable option will depend on your personal circumstances, financial commitments, dependants and objectives.
Provides cover for an agreed period, subject to the policy terms
A benefit is normally payable if the insured person dies during the term
Can help protect a mortgage, family income or other time-limited commitments
Designed to provide lifelong cover while required premiums continue to be paid
Features, premiums and benefits vary between insurers and policy types
May be considered for funeral costs, estate planning or legacy objectives
Covers two people under one policy, commonly spouses or partners
Policies commonly pay on the first death, although other structures may be available
Can help protect shared commitments such as a mortgage
Designed for customers within the provider's specified age range
Some plans offer acceptance without medical underwriting, subject to eligibility and policy conditions
Waiting periods, benefit limits and total premiums payable should be considered
May be arranged separately or alongside life insurance
Can pay a lump sum following diagnosis of a specified condition that meets the policy definition
Covered conditions, exclusions and survival periods vary by policy
Can provide a regular benefit if illness or injury prevents the insured person from working
Deferred periods, benefit levels and claim definitions vary between policies
Eligibility and premiums are subject to the insurer's assessment
Every policy has its own eligibility criteria, definitions, exclusions and premium structure. The policy documents should be reviewed carefully before cover begins.
Cover and premiums depend on eligibility, underwriting and the insurer's terms
Full and accurate disclosure is essential when applying
Policy definitions, limitations, exclusions and charges should be reviewed
Missing premiums may cause cover to lapse or benefits to be affected
Tax treatment depends on individual circumstances and may change 
Funding-247 Limited acts as an introducer to Echo Finance Limited. Echo Finance Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 570073. Funding-247 Limited does not provide insurance directly. All applications are subject to the provider's eligibility criteria, underwriting, terms and conditions.
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Life insurance normally pays a benefit if the insured person dies while the policy is in force, subject to its terms, exclusions and claim requirements. Optional additional protection may be available.
This depends on the insurer, the type and amount of cover, and your circumstances. An insurer may request health and lifestyle information, medical records or an examination.
Some policies allow changes, but these may require further underwriting or affect the premium. Available options depend on the provider and policy terms.
Insurers may consider factors including age, health, occupation, lifestyle, smoking status, the amount of cover and the policy term.
Missed premiums may cause cover to lapse or benefits to be affected. Any grace period or reinstatement option will depend on the policy terms.
Tax treatment depends on individual circumstances, how the policy is arranged and the rules in force at the time. Independent tax or legal advice may be appropriate.
Eligibility depends on the insurer’s age, residency, health and underwriting requirements. Cover is not guaranteed until the provider accepts the application and confirms the terms.
