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Your family needsthe financial protectionof Life InsuranceAnd it won’t cost you the earth!
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Scroll down for more information about Life Insurance
Request an Online Life Insurance Quote from the Life Insurance Underwriters
Simply fill in the Quotation Request Form and our partner, Click, will send your details electronically to the underwriters at their panel of top insurance companies.
Then, as soon as they’ve compared all the available policies,
theyll give you a call to chat through your options and compare your quotations .......
And remember, Click guarantee to give you the lowest life insurance quote from their insurers.
Now thats service!
Finding Cheap Life Insurance
The strange thing about Life Insurance is that each Life Insurance Company tends to specialise in insuring certain types of people. This means that Legal and General may be the cheapest for you but Fortis may be the cheapest for you partner. Furthermore, whilst Legal and General may be the cheapest for you today if, in say five years time you took out another policy, a totally different company specialising in a slightly older age group, could be the cheapest. Nothing seems to remain constant – that’s why you need to compare quotes from a range of insurers.
So you can never accurately guess which insurer will be the cheapest for you. That’s why we work with highly trained team of Life Insurance Specialists at Click whose job is to find the most competitively priced life insurance policy that provides all the features you need.
Never get a quote from just one insurer
Never bother to get a quote from a web site where you can only get a quote from one insurance company. Youll only be sure of getting the best deal if you use a site (like us!) that can obtain quotes from the big UK life insurance companies.
Thats really the only way to find the cheapest!
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Regulation: The regulations issued by the FSA (Financial Services Authority) we have to provide information about how this site is regulated and operated. The FSA call it a “Disclosure Document”. You may print off our “Disclosure Document” or just view it on your screen. Click Here
More information
about Life Insurance
Life insurance is suited to most situations. Knowing that your loved ones will be financially secure, if the worst happens, gives you peace of mind.
IS LIFE INSURANCE ESSENTIAL?
- Life Insurance. Medical history increases the cost for 66% of applicants
- Life companies keep their initial quoted prices low by being choosey on who they accept on standard terms. Having made a formal application, two thirds of applicants will face a loaded premium. This article explains why and what the shopper can do about it, choose an online broker!
- Memo to myself. Get Keyman Insurance
- Have you ever thought youd forgotton to take care of something REALLY important ? The Author remembers keyman insurance
- Memo to myself. Get Keyman Insurance
- Have you ever thought youd forgotton to take care of something REALLY important ? The Author remembers keyman insurance
- Critical Illness Insurance. Do you really need it, or is it a waste of time?
- There is a 1 in 5 chance that a man will suffer a long-term critical illness before his normal retirement age. So why isnt critical illness insurance more popular? This article investigates the reasons and reinforces the importance of this form of insurance.
If you have business or family partners, or a partner, who are dependent upon you financially, then it is prudent to consider life insurance. It will provide funds to settle any debts and/or to give ongoing financial support to your dependants following your death.
TERM LIFE INSURANCE
Term life insurance is a fixed term contract, which pays a lump sum if the policyholder dies during the term of the policy. Nothing is paid out if the policyholder survives the full term of the policy. People often select the end of a major family commitment, such as the education of a child or the end of a mortgage, as the most appropriate time to terminate a term life insurance policy. (home insurance quotes)
What Is Provided By The Cover?
Term Insurance plans come in many different guises. Naturally, the cover on offer depends on what sort of plan is taken out.
The following types of plan are available:-
• Level Term. The potential payment remains constant throughout the term of the policy.
• Decreasing Term. The cover reduces over the term of the policy to match that of a liability, such as the sum remaining on a repayment mortgage.
• Increasing Term. The premiums and the cover offered slowly increase to match the rise in inflation. This type of cover ensures that the actual level of cover remains realistic and does not suffer from erosion through inflation over time.
• Renewable Term. Plan holders are permitted to extend their cover with no health check for a further term.
• Family Income Benefit. A regular income is paid to the surviving family, as opposed to a lump sum, for as long as the policy has to run.
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Tips for purchasing Life Insurance
Comparing the Cost
No business is more competitive than the life insurance market in the UK……. No better way is available to crack that market than our price comparison service. A policy should not be judged solely on its price. Price competition is reduced by insurance companies through keeping their products slightly different from their competitors, so look at the terms of a policy as well as its price.
Here are some ways of keeping your premiums low without affecting the terms of the cover.
• If your sole intention is to ensure a repayment mortgage is settled on your death, then a Decreasing Term Life Insurance policy is recommended. It is the most reasonable form of life cover and the premiums are extremely competitive.
• Visit a price comparison site…….just like ours.
• Stop smoking…….smokers have to pay premiums which are 30-40% higher than those offered to non-smokers.
• Identify the cover you need and only pay for that cover……for example, if you require critical illness and term assurance cover, large savings can be made by combining the two into a single policy. A combined policy pays one lump sum, as opposed to the two payments made when separate policies are taken out. The first pay out would be for suffering a critical illness and the second on your death.
Naturally, your choice will be influenced by how much the monthly premiums will cost, but you should take other factors into account as well. (car insurance)
Know what you need
There is a range of life insurance options catering for a wide variety of needs. To avoid being disappointed or paying over the odds for the cover you need, you should check out your options by discussing them with the Life Insurance Specialist from Click.
Calculate the amount you need
In broad terms, your life insurance must pay out a lump sum of sufficient value to settle your mortgage and any other debts you may have, or to give your dependants a capital sum.
Product Quality
The terms of UK life insurance policies vary, so you must make sure that you are comparing like with like and remember to check the small print. This is of particular importance if there are extras, like Critical Illness Cover. The Key Facts document should be read carefully and the following benefits identified:-
• Does it say that the premiums are Guaranteed? If they are, then the premiums remain the same throughout the duration of the policy. Reviewable premiums may be changed at the end of a specific term, which is usually five years. The insurance company is likely to increase the premiums substantially at the end of the term..
• Terminal Illness Benefit, which is different to Critical Illness Insurance, should be included. This valuable extra, which is included free in the majority of Term Life Insurance policies, will pay out early if you are diagnosed with a terminal illness.
• Is the policy flexible? Life cover should be reviewed regularly so any change in your circumstances can be taken into account and the cover altered accordingly.
• Are you able to write the policy in trust? Delays in the distribution of money to your dependants will be mitigated and inheritance tax being levied on the benefit avoided.
• Is waiver of premium benefit written into the policy? This valuable extra ensures your cover continues, even though you may be unable to pay the premiums through being off work due to illness.
• Another valuable extra is the provision of counselling for your family on your death.
Writing your policy in trust
The pay out from your life insurance policy could take your estate over the inheritance tax threshold. Your beneficiaries would then have to pay 40% tax on the value of your estate that exceeds the tax threshold. This outcome can easily be avoided, at no expense to yourself, by completing a trust form, which can be obtained from your insurance company. Once the policy is in trust, it remains outside your estate and does not increase the value of your estate on your death. (car insurance )
If you are unsure, take advice
Taking out a life insurance policy is straightforward if you have identified what you need and your affairs are relatively simple. However if your affairs are more complex it would be advisable to talk to the Life Insurance Specialist from Click.
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How to select a life insurance company
There are a multitude of life insurance products offered by over 150 insurance companies in the UK. Although price will be a major factor in coming to your decision, you must ensure that the provider you select has an excellent claims procedure, as well as a effective sales process.
Claims History
Your policy may be superb, but it will be of no avail if your insurer is obstructive or difficult when it comes to making a claim. 166 million pounds is paid out by the industry every single day in life and pension insurance claims, so all insurers have procedures to deal with claims on their policies.
the Life Insurance Specialists from Click know how your selected company handles claims, so do have a chat with them before agreeing to sign up for a particular policy.
Financial Strength
Every major UK life insurance company has been rated by specialist credit rating firms, such as Standard and Poors. This invaluable service can be consulted during your selection and evaluation process. An opinion is given on the financial condition of a life insurance company by the company and is expressed as a rating.
Applying for Life Insurance
Life cover revolves around protecting a risk. The greater the risk you pose to an insurance company, the larger the premium you will have to pay for asking the insurance company to shoulder that risk.
When considering life insurance, that risk relates to the chances of you dying during the course of the policy, or becoming ill if that option is selected. The way in which that risk is assessed is through asking you to complete an in depth application, which includes a questionnaire about your health and that of your family.
The questions must be answered fully and honestly. Everything you are aware of should declared and, if in doubt, include the information anyway. It does not pay to hide even the smallest detail, as it will probably result in your claim being declined. Do not give your insurer any reason to refuse your claim.
The underwriting process
Having received your completed application, your answers to the questionnaire will be checked by the insurance company. They will then decide whether further medical or personal information is required before beginning the underwriting process.
Should further medical information be required, the insurer will, either ask to take a medical examination, send a questionnaire to your doctor or send a simple questionnaire to you. The insurance company will pay for all subsequent medical investigations.
Once all of the facts are in the hands of the underwriters, they will assess your application for risk. A premium is calculated and the terms of the policy sent to you in writing on a “rated”, “standard”, or “declined” basis. “Standard” means that your premium will be as originally quoted and “rated” means that your premium has been increased to take into account the extra risk.
If non-medical reasons have been cited for declining the cover, then you will be told in writing. However, if medical reasons are given for declining the cover, then the insurer will write to your GP giving precise medical grounds for the application being declined. Your doctor will then pass on this information to you in person.
Hopefully, your application has been accepted, in which case we offer our sincere congratulations. You have taken a huge step towards financial stability and you will now enjoy peace of mind in the knowledge that your finances are protected.
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