Life Insurance - finding free information
on life insurance can be difficult.
Definition of life insurance - policy that will pay a specified sum to
beneficiaries upon the death of the insured.
Why you should have life insurance?
If you have a mortgage you'll probably be asked to take out life insurance
in case you die before you've paid off the mortgage.
Life Insurance
The reassurance of life cover means that your family
would be able to cope financially if you or your partner were to die
suddenly, and you can relax knowing that they are protected.
Term assurance
is the simplest and cheapest type of life insurance that you can buy
-
Your policy is designed to pay out a lump sum if you die during the
term of the plan (ie: you have a 10 year plan and if you die within
the 10 yars you're covered)
With a LEVEL TERM assurance policy the amount you are covered for will
not change during the policy
Once fixed your premiums will never rise during the period of cover
It's easy to get a quote and arrange cover with one simple phone call
or by using this website
Whole Life insurance - covers you for your whole life
Mortgage Protection
A mortgage protection policy will mean that your mortgage could be
paid off if you were to die during the period of cover, so your family
won't
have to worry about continuing to pay the mortgage each month.
Your policy is designed to pay out a lump sum if you die during the
period of cover. The amount that is paid will decrease each month
or year during
the policy period.
Once fixed your premiums will never rise during the period of cover
Your mortgage provider might well insist you take out this protection
- as much for you and your family as for them.
Critical Illness
An illness can have a major impact on your lifestyle but with critical
illness cover you can at least reduce the financial impact it could
have on you and your family.
This type of policy will pay out a lump sum on the diagnosis of a
critical illness, like cancer, kidney failure or a stroke. There
are many other
conditions that are also covered and we can provide more information
about these if you decide to take out this type of cover
Critical illness cover can also be linked to a life insurance or
mortgage protection policy
News Stories :::
Watchdog hits back at insurance critics
Tue 23 March
The Financial Services Authority's (FSA) new risk-based reserving rules,
to be introduced later this year, have forced life insurers to cut equity
holdings and encouraged many to shut their funds to new business to avoid
the extra regulatory cost |
