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Saturday, October 3, 2009

Life Insurance

Life Insurance

Life insurance quotes compared. Find the cheapest term life insurance cover in the UK and then apply online.

  • Level term life & critical illness cover
  • Level term life insurance
  • Decreasing term life & critical illness cover
  • Decreasing term life insurance
  • Level critical illness insurance
  • Decreasing critical illness insurance
  • Non investment whole of life assurance


Life Insurance (Assurance)

This type of insurance is used to protect your mortgage or provide for your family. Upon death, it pays out a tax free sum. The insurance policy is taken out over a specific period of time (fixed term cover) or the whole of your life (whole life cover). Due to its very nature, term life cover is generally cheaper than whole of life cover, as the policy may well expire before death, whereas whole life cover lasts for the full duration of your life and pays out upon death.

Level Term Insurance

The lump sum payable upon death remains at the same amount throughout the term of the life insurance policy.

Decreasing Term Insurance

The lump sum payable upon death decreases over the term of the life insurance policy, decreasing to nil by the end of the term. This type of cover is usually used when protecting a mortgage or loan which reduces year after year, such as a repayment mortgage or secured loan.

Critical Illness Insurance

This type of insurance pays out a tax free sum if you are diagnosed as having a specified critical illness. Its main purpose is to protect mortgage payments and/or your family.

Life & Critical Illness Insurance

This is a combination of the two where the policy pays out a tax free lump sum on the first to occur of either death or the diagnosis of a specified critical illness. Gain, this is for mortgage protection or for the benefit of your family.

Family Income Benefit

This type of insurance cover is designed to provide a regular income and not a lump sum. The income is only paid during the term of the policy, so the nearer to the end of the term that death occurs, the less time the policy pays out for.

Simply by completing the short form CLICK HERE, you can see who has the best rates in the UK and apply online should you choose. There are some exclusive deals not generally available.

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