Unsure of where to find good
UK life insurance advice and information? UK investors can benefit from the life insurance advice offered by an independent financial adviser (IFA). These qualified professionals can negotiate their way through the multitude of
UK life insurance products to find the deal that suits you.
Arranging life assurance cover is the best way to ensure your family is taken care of in the event of your death, giving both you and them peace of mind. Many of us are superstitious about planning for after our death, believing it to be a morbid topic and one that might even hasten the inevitable. But knowing you have a comprehensive
life assurance programmer in place will provide peace of mind for both you and your loved ones.
Life assurance, put simply, is a policy provided by an insurance company that pays your family either a lump sum or a series of smaller sums in the event of your death. Policies vary widely; some may guarantee a payout, others expire after a certain period of time. Some have premiums and payouts set in stone, while others offer more flexibility.
Life insurance is one of the best things you can do to take care of your family financially in the event that one day you’re not around to do so. If there are people who can't afford to lose you, you can't afford to be without life insurance.
- We reinvest commission into our service,
so we can offer you the best deal
- Get top value cover, like premiums from £17.30 per month*
for a sum assured of £200,000 over a term of 20 years
- Wide range of policies such as critical illness cover
and mortgage payment protection
Life Insurance quotes are available in several different types. Many other plans are simply variations of the basic life plans. These core life plans include -
- Whole Life Insurance
- Term Life Insurance
- Endowment Insurance
A whole life insurance policy runs for the whole of your life and pays a sum of money to your dependants.
A term life policy runs for a fixed term period and only pays out if you die during that period. It is possible to set up a decreasing term life insurance policy i.e. the value of the payout reduces as the policy gets nearer to maturity (e.g. in line with a reducing debt via a loan).
An endowment policy runs for a fixed period and pays a sum to you at maturity
date. Here are many companies who have combined elements of these basic plans to offer you what they consider to be attractive life insurance packages.
Life
Insurance companies invest premiums paid to build a larger sum than the amount you pay in premiums. Note that such investment policies that pay a sum at maturity date generally do best if they run for their full term. If you surrender an investment policy early, you may not get back a useful return. You may even receive less than you have paid in premiums if you surrender early and it is possible that an early surrender of a life insurance policy will see a zero return. Check the terms of each plan that you are offered so that you understand what you are buying. If in doubt, ask advice from an independent financial adviser.
