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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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Joseph Harros
As first-time buyers, we had very little knowledge of the mortgage process and found it quite daunting, especially with rising interest rates and uncertainty in the property market. We’re extremely grateful to Dinah and Jo for their support and would highly recommend UK Moneyman to any first-time buyer looking for a professional, knowledgeable and supportive mortgage broker.
29 Oct 2026
Jade Wilmot
As first-time buyers, we had very little knowledge of the mortgage process. We changed properties along the way, and our circumstances made the mortgage process more complex than we initially expected. Dinah and Jo were absolutely brilliant throughout. We would definitely recommend UK Moneyman to anyone looking to set up a mortgage.
29 Oct 2026
Diane A
First class service. Jason and Lizzie helped me immensely getting a good mortgage quickly when I found myself separated. They pulled out all the stops and even spoke to me after hours. Excellent and would highly recommend. I can’t thank them enough. I now have my dream home
28 Oct 2026
Chloe Gathergood
Paula and Jason have been so helpful in getting our first mortgage sorted. They were quick to answer any questions and very helpful with their advice. Thank you very much
23 Oct 2026
Rebecca Joy
Leo and Lizzi were exceptionally helpful. Leo gave us great advise, not just on products available, but on things like bidding on properties, whether we were likely to be approved for more complicated properties etc. Lizzi was very communicative and thorough in processing our application, and after our first sale fell through we didn't hesitate to use UK Moneyman again. Thanks so much to Leo and Lizzi!
15 Oct 2026
Callum Kennedy
Very helpful and informative. Made the process as easy as possible. Would recommend to other
14 Oct 2026
Barry Hall
I had a financial issue that I thought was pretty unique to myself. The help and solution to my financial question has been exceptional in every step of the way. A big thank you to Warren and Joe for all of your patience and technical expertise.
14 Oct 2026
Megan Whitlock
The team working with my profile were amazing, I was in constant communication with them, if I emailed and rang someone responded quickly and they were able to secure my mortgage within 6 weeks from my initial meeting which saved me a lot of messing around and stress. Great service thank you
14 Oct 2026
Linda Chadwick
Amazing company very helpful and patient fantastic staff at the Hull branch nothings to much trouble sorted me a morgage out quickly and efficient i would recommend them 100%
14 Oct 2026
Natalie Rose
We’ve had Elaine Tiernan as our mortgage advisor and she has helped us out so much in the process of being approved with our first mortgage. From working around our working hours to arrange phone calls and online teams meetings to being prompt to respond to our enquiries. Elaine has been nothing but helpful, professional and supportive in our journey this far and we are very grateful to have had her as our mortgage advisor. Thank you to Paula aswell for always checking up on us and ensuring the process was as smooth as possible. Natalie and Liam
13 Oct 2026
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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