At Mattioli Woods, we understand that protecting your family’s future is one of the most important financial decisions you’ll ever make. Life assurance offers peace of mind that, no matter what happens, your loved ones will be financially supported. Whether you’re looking to cover a mortgage or provide for your children, our tailored life assurance solutions are designed to meet your needs.
What is life assurance?
Life assurance is a type of cover that guarantees a payout to your chosen beneficiaries whenever you die, not just within a fixed term. It’s often referred to as ‘whole of life’ cover and it’s designed to provide long-term financial protection for your family.
A life assurance policy is a contract between you and the insurer. You agree to pay regular premiums and, in return, the insurer agrees to pay out a fixed amount when you pass away. This money can be used to cover funeral costs, pay off debts, support your family or contribute to your estate.
At Mattioli Woods, we help you choose the best life assurance policy for you based on your personal circumstances, financial goals and family needs.
Discover more and get a life assurance quote by speaking to an adviser today.
Life assurance is different from life insurance, which typically covers you for a set number of years. If you outlive the insurance policy term, there’s no payout. Life assurance, on the other hand, ensures your loved ones receive a lump sum whenever the inevitable happens, as long as you’ve kept up with your premiums.
The key differences:
| Feature | Life assurance | Life insurance |
| Cover duration | Covers you for your entire life | Covers you for a fixed term (e.g. 10, 20 or 30 years) |
| Payout guarantee | Guaranteed payout whenever you die | Only pays out if you die during the policy term |
| Cost | Generally higher premiums due to guaranteed payout | Usually lower premiums, especially for younger applicants |
| Purpose | Long-term planning, inheritance, funeral costs | Covering specific financial responsibilities (e.g. mortgage) |
| Cash value/investment | Some policies may include an investment element | Typically no investment component |
| Best for | Those wanting lifelong cover and certainty | Those needing cover for a specific time or financial goal |
It provides long-term peace of mind. Here are some of the key benefits below.
Unlike term life insurance, life assurance guarantees a payout whenever you pass away. This certainty can be reassuring, especially when planning for your family’s future or managing your estate.
It doesn’t expire after a set number of years. As long as you continue paying your premiums, your cover remains in place for life, so your loved ones are always protected.
The payout from a life assurance policy can help your family cover essential costs such as mortgage repayments, household bills, education fees or funeral expenses. It’s a way to ensure they’re not left struggling financially at a difficult time.
Life assurance can be used to leave a legacy or help cover Inheritance Tax liabilities. This makes it a valuable tool for those looking to pass on wealth in a structured and tax-efficient way.
Knowing that your family will be looked after, no matter when the time comes, brings a sense of security. It’s one less thing to worry about, allowing you to focus on living your life.
There are different types of life assurance to suit different needs. Whether you want a lump sum payout, a regular income for your family or a combination of both, we can help you find the right solution.
At Mattioli Woods, we specialise in tailored life assurance services that provide lifelong protection and peace of mind. We work with you to understand your goals and can offer life assurance advice based on your specific needs.
This guarantees a payout whenever you pass away, as long as you continue paying your premiums. It’s a long-term solution that can help with:
Some policies may include an investment element, which could increase the value of the payout over time. We’ll explain the options clearly, so you can make an informed decision.
For those who prefer to provide a regular income rather than a lump sum, we can structure cover to pay out in instalments. This can help your family manage ongoing living costs and maintain financial stability.
We also offer group life assurance, so if you’re a business owner or employer, this can provide valuable protection for your employees and their families. It provides a tax-efficient way to offer peace of mind and financial support in the event of an employee’s death.
Find an adviser today and see how we can help you find the right solution for you and your family.
Choosing the right life assurance policy is a deeply personal decision. It depends on your circumstances, your financial goals and the kind of support you want to leave behind for your loved ones.
Key factors to consider:
Our advisers will guide you through these questions and help you find the best life assurance policy, or combination of policies, to suit your needs.
Here’s a quick comparison of common life assurance options:
| Policy type | Cover duration | Payout type | Best for |
| Whole of life assurance | Lifetime | Guaranteed lump sum | Long-term planning, inheritance, funeral costs |
| Family income benefit | Term-based | Regular income payments | Replacing lost income, supporting dependants |
| Group life assurance | While employed | Lump sum to dependants | Employee benefits schemes for businesses |
We have 35 years’ experience in providing tailored financial solutions to clients and their families.
We take time to understand your family, your goals and what matters most to you, so we can build a plan that fits your life.
Our advice is designed to give you clarity and confidence. You’ll know your loved ones are protected, whatever the future holds.
We don’t offer off-the-shelf solutions. Every policy is shaped around your needs, whether you’re planning for your family or your estate.
We help you take control of your future, from setting up the right cover today to ensuring your wishes are carried out tomorrow.
With the right policy in place, you can feel secure knowing your family will be supported when they need it most.
You’ll benefit from the expertise of our 210-strong advisory team, with a named adviser and client relationship manager by your side throughout your journey.
Yes, you can have more than one policy. For example, you might have a whole-of-life policy for estate planning and a separate term policy to cover your mortgage. We can help you structure your cover effectively.
Yes, in many cases, the payout from a life assurance policy may be included in your estate and could be subject to Inheritance Tax. Placing your policy in trust can help reduce or even eliminate this liability. Doing so means the proceeds are paid directly to your chosen beneficiaries, rather than forming part of your estate. Our advisers can guide you through this as part of your wider estate planning, helping you make informed decisions that protect your family’s future.
Life assurance is a long-term commitment, but that doesn’t mean your policy should stay static. As your life changes, through marriage, children, a new home or changes in your financial situation, it’s important to review your cover to make sure it still meets your needs.
Some policies offer flexibility, such as increasing your cover or adjusting your premiums, but changes may depend on your age, health and the terms of your original policy. That’s why we recommend reviewing your life assurance regularly. Our advisers can help you assess whether your current policy is still the right fit and explain your options clearly if updates are needed.
If you stop paying, your policy is likely to lapse and your cover will end after any grace period. Some policies might have a cash-in value, but this depends on the type of cover you hold. We’ll make sure you understand the terms before you start.
