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You
may already have decided to obtain a low cost UK life insurance
quote - if so please complete the form on
our quotation page and we will get back to you as soon as
possible.
Here we provide general
information about life insurance policies:
What is a
Life insurance policy?
Life insurance is basically a policy of insurance that
pays a lump sum (or series of payments) should the insured
individual / individuals die during the life or term of the policy.
Why do you need a Life Insurance policy?
As with most types of insurance cover you could argue that you don't need
it. But by obtaining
life cover you can provide some protection for those you
leave behind. You can also ensure that you receive help to rebuild
your life should your partner die.
Why has Life insurance become so popular?
People think more now about the future than
ever before. We all want a good standard of living as we grow older
and this is why the financial services industry has become more
important.
Life Insurance products have become very cost
effective to the extent that some policies can cost as little as £6
per person. There is absolutely no reason why anyone should not now
provide some level of protection for their family should the worst
happen.
There are a number of different types
of life cover. You will need to consider which type of policy best
suits your needs:
A form of life assurance offering a
basic guaranteed sum payable on death within a fixed number of
years. You can also attach Critical Illness cover to this type of
policy.
This is a form of term assurance where
the amount of cover remains the same over the life of the policy.
A Whole of Life policy has no fixed
term, therefore it is designed to payout on the death of the life
assured. The majority of these policies have an investment element
to them. Premiums tend to be reviewed at regular intervals - usually
every 5 years.
This is now a popular
form of life cover because you receive tax relief on your premiums.
This insurance was previously only allowed when (as the name
suggests) it was attached to a pension. However the situation has
now changed following the pensions reforms in April 2006. You can
now obtain this cover even if you do not have a pension assigned to
it.
C ontact
us today by completing our
quotation
form.
L et our specialists do the hard work.
Obtaining the right
cover at the right price has never been easier
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