Who needs Life Insurance in the uk ?
Who needs it?
Life Insurance cover provides either a lump sum or an income on the untimely death of an
Hot Topics
- Can I get an Instant Quote for Life Insurance?
- No - not through this website, because we believe that to get the right life insurance, you need to talk to a professional.
- Is the price I get quoted for life insurance the price I get charged?
- We are afraid the answer is “it depends” upon many factors.
- What is Critical illness Insurance?
- Critical Illness Insurance pays an lump sum if you are diagnosed with a serious illness or critical illness.
- Are there any fees or extra costs to pay?
- If you are purchasing life insurance through our product partner, Life Policies Direct, then there will are no fees or other costs to pay
Parties to a Mortgage or indeed a loan (mortgage life insurance cover)
Anyone with dependents (whilst a parent may not work, surely there would be a financial loss if anything were to happen whilst there are young children to be cared for)
Key Individuals. Where a business would suffer financial loss ( cheap loans ) on the death of an essential employee.
630,000 people in the UK will die this year* *source:National Statistics, Winter 2002
Types of Cover
Term Life Insurance
Term life insurance is as it suggests taken out for a specified number of years at outset. With this type of policy you are merely paying for the cover provided based on your ( life insurance quotes ) age, health and the ( loans ) term. Therefore, it is important to obtain the most competitive term life insurance quote for the cover provided. It is possible to take out term life insurance that will pay level lump sums, decreasing lump sums (mortgage life insurance cover) or regular payments (income).
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