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Life insurance is a product taken out to give your family financial support in the event of your passing. The way that life insurance works is that it pays out in a lump sum or regular payments to your dependents. The money that is paid out can help cover expenses such as funeral costs, mortgage payments, and other financial obligations.
Our specialist insurance advisors in Beverley are here to help you find a competitive product that suits your circumstances. We will look at your personal and financial situation during a free initial insurance review to review your options and determine which insurance product is right for you.
Life insurance is taken out with an insurance provider. Our job is to search through our panel of providers to find you the most suitable life insurance product.
Once you take out a life insurance policy, as a policyholder, you will have to make monthly or annual payments. Unfortunately, if you fail to keep up with these payments, your policy will become invalid. The coverage period can be for a specified term or the entire life of the insured person, depending on the type of policy chosen. In the event of the insured person’s death during the coverage period, the insurance company pays out a tax-free death benefit to the beneficiaries named by the policyholder.
There are various types of life insurance, including term life insurance, which covers a specific term, and permanent life insurance, which provides lifelong coverage and includes a cash value.
As to whether you need life insurance or not depends on your circumstances and financial objectives. If you have dependents, such as a spouse, partner or children who rely on your financial support, life insurance can serve as a financial safety net.
Life insurance is usually taken out alongside a mortgage. In the event of your passing, it can cover the mortgage payments and provide income replacement for your family. Additionally, if you have outstanding debts, life insurance can ensure that those financial obligations are met, easing the burden on your family.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.
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Richard
We were helped through a tricky house purchase which made a difficult process possible. Thank you.
3 months ago
Jack
Couldn’t fault the process, everything was clear and no issues, used previously so will continue to and recommend in the future
5 months ago
Mrs Cheryl
Uk Moneyman was amazing in getting us through this process, specifically Dinah she gave us the best advice during a process we’ve never been through before, she went through every stage in great detail and was so quick in her responses I felt safe...
5 months ago
James
Very good communication, answered questions and avoided jargon. Helped us understand the process and what is involved to complete.
5 months ago
James
Very helpful the whole way through the process
5 months ago
Samantha
Jason and Mike were incredibly helpful and supportive. I have used Beverleymoneyman three times now, and each time they provide a professional and efficient service. This time my move is precipitated by divorce, which they handled in a senstive and...
5 months ago
Dr
Have used Beverleymoneyman several in the past and am never disappointed with their excellent service.
8 months ago
Annie
Excellent service
10 months ago
Hannah
I can't thank everyone enough for their help. They went above and beyond to make sure everything went smoothly - it would have been far more stressful had I not had their support. I'd recommend the company to anyone.
1 year ago
Anonymous
Yery good and professional.
1 year ago
Samuel
Helpful, responsive and friendly.
1 year ago
Sophie
Highly recommend! Chris talked me through everything and made sure I understood it all, great communication and a pleasure to deal with!
1 year ago
Kerry
Absolutely fantastic from start to finish, would highly recommend 😀 5*
1 year ago
Anonymous
My advisor Leo provided the personal tour ch through the whole process and his communication was very good, even texting me at weekends with any updates on my mortgage progress.
2 years ago
Anete
During mortgage application process my mortgage advisor and case handler was communicating with me very often which for me as a first time buyer was very important. Always open for questions and super flexible with first initial mortgage...
2 years ago
Anonymous
From start to finish perfect, friendly, professional and everything made clear and easy, Matt and Lizzi have been absolutely superb and ALMOST got use to my 'colourful language' Many thanks for all your help. Cheers 🍻
2 years ago
David
We use Beverleymoneyman - Mortgage Brokers for all our mortgage and insurance needs. They never fail to deliver and apply professionalism combined with insightful advice to obtain the best possible deal. Thanks to Leo and Jo for their help and...
2 years ago
Neil
This is the second time we have used Beverleymoneyman and we are not disappointed. Daniel talked us through the options we had and was really good at answering our questions. Jo ensured our application progressed and kept us informed at each...
2 years ago
Barbara
These people saved my life during the most stressful house purchase ever. All sorts of things happened and when most of the professionals involved were impossible to get hold of, everyone at UK Moneyman was just amazing, kind, thoughtful and...
2 years ago
Nicole
Could not recommend Matt and Megan enough! Being a first time buyer, I did not know what the buying process would entail. Thankfully, Matt and Megan explained everything as we went along. Matt went above and beyond to answer my calls when we...
3 years ago
During your free initial insurance review, we will explore your background and gather pertinent information to tailor a customised plan that aligns with your financial capabilities.
Our team will navigate through a comprehensive array of insurance products, identifying the one that’s most suitable for your specific requirements and financial situation.
Once you are content with the recommended product, we will proceed to submit your application to the provider. In certain cases, the policy provider may request additional information before accepting the application.
As your circumstances evolve, the policies initially acquired alongside your mortgage may no longer be suitable for your current situation. This is why we ensure your policies are consistently updated, providing expert mortgage advice in Beverley along the way.
We offer a free initial insurance review to our customers in Beverley. To schedule your free insurance appointment, simply utilise our online contact form and booking feature, or reach us via phone.
During this review, we will carefully assess your situation and work out what life insurance products are most suitable to you.
As an insurance and mortgage broker in Beverley we are able to compare 100s of different products through different life insurance providers.
We do this so that we can find the most competitive and suitable deal for your unique situation.
Our main objective is to make sure that you are protected with the right life insurance policy for you.
In the event of your unfortunate passing, you can take comfort in knowing that your family will be financially supported, as the payout from your policy will cover necessary expenses.
Beverleymoneyman also offers menu plans, allowing you to set up various policies simultaneously. Reach out to us for more information, and we’ll explore how we can assist you.
It has never been easier to get life insurance and mortgage advice in Beverley.
Working 7 days a week provides you with the flexibility to get in touch at a time most convenient to you. If you want a quick answer to an insurance question, check out our free guides or give our team a call!
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Beverleymoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Beverleymoneyman 2009–2026
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Beverleymoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.
UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.
© Beverleymoneyman 2009–2026
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