instant life insurance online quotes
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Get an instant Term Assurance quote online |
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Get an instant Whole of Life quote online |
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Get an instant Income Protection quote online |
If you are unsure as to which type of policy you require then read on.
There are two main types of life insurance:
Term Assurance
This is the most common form of life insurance. It has no investment element and simply pays a set amount if you die during the term of the plan or are diagnosed with a terminal illness.
You may also choose mortgage (decreasing) term assurance. This is the same as level term assurance except that it is designed to complement a repayment type mortgage. The amount of life cover decreases over the term of the plan in line with your mortgage balance.
Family income benefit insurance pays out the benefit as a regular income for the term of the plan. For example, if you choose a twenty year plan with a £10,000 sum assured and one of the policyholders dies in year 2, then the plan would pay out £10,000 a year for the following eighteen years.
Convertible term assurance is also available. This is a level term assurance plan that has the ability to be converted to either a Whole of Life policy or an Endowment during the term of the plan.
For a quote on any of the above please click the Term Assurance quote link at the top of the page.
For an instant quote please contact us on 0845 1667970.
Whole of Life insurance
As the name suggests these types of policy are designed to cover you throughout your life and involve an element of investment.
The premium is set at the beginning of the policy, however, in the early years the cost of the life cover will actually be lower than the premium payable. The excess is invested for you and as you get older and the cost of your life cover increases, the investment element is used to subsidise your premium.
For an instant quote please contact us on 0845 1667970.
What is critical illness cover?
Critical Illness is a very popular addition to a life insurance plan. If you are diagnosed with one of a specified list of critical illnesses then the policy will pay out immediately, even if you make a full recovery. Critical Illness can be taken as a 'stand alone' policy, or added to a life insurance policy so that the plan will pay out on the first event of a death or diagnosis of a critical illness.
You can also choose various other options within each type of life cover, for example guaranteed rates, waiver of premium etc;. descriptions of these can be found in the quote page.
Income Protection
This is a more tailored plan that covers you if you are unable to work for medical reasons. You choose your own deferred period (the length of time you are not able to work before the policy will start to pay out) which can be linked to your employment sick pay period.
The policy and terms are tailored to your occupation and medical history and the amount of benefit is not limited to your mortgage payment. You can cover up to approximately 65% of your salary (or self-employed earnings) and once a successful claim is accepted the policy will pay out a monthly income until one of three things happen:
- You are fit enough to return to work
- You reach the policy retirement age
- You die
The major benefit is that if an injury or illness means that you never work again you can be assured that you will receive an income for the rest of your normal working life.
Unemployment cover is not available with this option but you can supplement it with an 'Unemployment Only' mortgage payment protection plan as above.
For an instant quote please contact us on 0845 1667970.
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