Life Assurance - Life Insurance - Cheap Life Assurance Quotes.
Complete this Quotation Form and
a Life Insurance Professional from Click
will GUARANTEE to find you the cheapest quote*
*Cheapest Life Insurance Quotes
The Life Insurance Professionals have teamed up with Click Financial, one of the UK’s largest internet based life insurance brokerages.
Using their immense buying power, they have negotiated amazingly cheap deals with some of the UK’s top life insurance companies. So cheap, that they GUARANTEE to find you the cheapest premium for your life insurance from their panel of insurers.
And that’s not all! Click also has an enviable reputation for customer service.
One of Click’s Life Insurance Professionals will phone you back with a range of quotes for you to compare. The Professional will also help you double check that the policy youve been quoted for exactly meets your requirements. This important service is designed to help you avoid any costly mistakes. After all industry sources believe that 50% of people who buy life insurance without professional help, end up making a mistake – and that can be costly!
So Click helps you get it RIGHT.
Its all part of the Click service. And it’s free and without obligation.
Cheap premiums, Fast, No Fuss, No fees,
and Professional help.
Click help you get it RIGHT !
Articles about Life Insurance
Want to check out some published articles about life insurance? Check out some of the articles described below.
More about Life Insurance
Life insurance provides peace of mind that if the worst happened your dependants will be financially secure.
Is Life Insurance necessary?
On the death of the policyholder, life insurance will provide a tax free lump sum. This money can be used to pay your outstanding debt such as your mortgage, or to leave money to provide financial support for surviving dependants. If you do not have any debts or dependants then life insurance may not be essential for you.
You should consider life insurance if you have a partner, family or business partner whom would suffer financially if you were to die. These funds could then be used to cover any debts or provide a safety net.
This type of insurance pays out if the policyholder dies while the policy is in force. The length of the policy (it’s term) is always pre determined. The holder gets nothing back if the policyholder survives to the end of the term. These policies are usually timed to run until a large commitment, such as a mortgage or their children’s education has finished.
(car insurance quotes)
What does the cover provide?
There are various types of Term Insurance plans on the market. The cover provided will depend on the type of plan you decide to take out. The following are the types of plans available.
• Level Term: The pay out from this plan remains the same for the full duration of the policy.
• Decreasing Term: The level of cover gradually decreases over the policy term in line normally in line with a reducing liability. For example, the amount outstanding on a repayment mortgage.
• Increasing Term: The cover offered and premiums paid increase gradually in line with inflation. This policy is designed to ensure the true value of cover you buy remains constant and is not eroded by the effects of inflation over time.
• Renewable Term: Plan holders are allowed to extend their cover for a further term without a health check.
• Family Income Benefit: This pays the surviving family a regular monthly income until the end of the policy instead of a lump sum.
Tips for buying Life Insurance.
Comparing the Cost
The life insurance market is very competitive; the best way to get the best deal is to use a price comparison service like ours. However, be aware that price is not everything. The insurance companies try to reduce price competition by making their products very slightly different.
Without affecting the quality of the product there are ways to keep premiums to a minimum.
• Consider Decreasing Term Life Insurance, if you are insuring just a repayment mortgage. It is the cheapest form of life cover available and premiums are very competitive.
• If you smoke premium rates are 30 to 4o per cent higher than for non-smokers. Stop smoking and you will save hundreds on your premiums over the term of the policy.
• Buy a combined policy if you want term insurance and critical illness. Otherwise, just buy the cover you need.
Know what you need
There are various types of life insurance and policy options, designed for different needs. Make sure you don’t pay for cover that you don’t need. Research all your options.
Work out how cover much you need
As a minimum, your life insurance should provide a lump sum that is sufficient to pay off your mortgage and other debts. You can then consider leaving money for your loved ones – the more the better! (car insurance quotes)
Product Quality
There can be many differences between life insurance cover so check the small print and compare like for like. This is important if you are including extras such as Critical Illness Cover. Look for some of the following benefits:
• Are the premiums Guaranteed? This means the premiums are guaranteed to remain the same throughout the length of your policy.`Reviewable´ premiums are reviewed usually every 5 years or so and premiums can increase drastically at the insurance company’s discretion.
• Has terminal illness benefit been included (this is not the same as Critical Illness Insurance). This is now included in most Term Life Insurance policies for free and it a valuable extra. It will pay the life insurance amount early if you suffer a terminal illness.
• Is the policy flexible? It is important that you can review your life cover regularly in case you have a change in circumstances.
• Can the policy be written in trust? This will avoid the risk of inheritance tax being charged on the benefit and stop any delay in your dependants receiving the money.
• Is waiver of premium benefit included in your plan? If you become too ill to work for a number of months this will ensure your cover continues without you having to pay the premiums.
• Some policies offer counselling for your family if you die.
Write your policy in Trust
An average life insurance payout could easily take your estate, on your death, over the inheritance tax allowance. This will then put anything over this amount liable for 40 per cent tax. This can be avoided by putting the policy in trust. It costs nothing, just simple ask your insurance company for a trust form.
If unsure seek help
If you are at all unsure, or your affairs are a little more complex, then discuss it with a Life Insurance Professional from Click.
Choosing a Life Insurance Company
There are more than 150 insurance companies that offer thousands of life insurance products in the UK. How much it is going to cost is one of the biggest factors, but you also want to choose a company that pays attention to the quality of their claims procedure.
Claims History
The last thing you want is difficult or obstructive insurer if a claim is made. It does not matter how good the policy is. Life insurers pay out millions of pounds a day life insurance claims so they should have good claims procedures in place.
Before you go ahead check the insurance companies claim history. Ask the Life Insurance Professional from Click.
Financial strength
When choosing a UK life insurance company, review the rating it has been given by a major corporate rating services such as Standard & Poors. This rating expresses the financial standing of the life insurance company.
Applying for Life Insurance
Like any insurance, Life cover is about protecting a risk. The level of premium you will have to pay depends on the level of risk you pose to an insurance company.
The risk for life insurance purely relates to your chances of dying (or becoming critically ill if you choose to add this option) during the term of the policy. To assess these risks, the insurance company will require you to complete a thorough application form. Within the application they will collect basic personal details and more in-depth information about your health and your family’s medical history. (medical insurance)
Always answer all questions fully and honestly, when applying. Declare everything that you are aware of and if you are in any doubt, declare it anyway. Never give the insurance company any excuse to refuse your claim through failure to disclose everything.
The underwriting process
Once the insurance company receives your completed application they will check your responses. They will then decide if any further information is required to complete the underwriting process.
If the insurer needs further medical information they will ask you either to complete a simple questionnaire, or ask you GP to complete one. They may even ask for a full medical examination. All further medical investigations will always be paid by the insurance company.
Once all the facts have been acquired, your application is assessed for risk. A premium will be calculated and final terms confirmed in writing to you on a standard, rated or declined basis. If standard your premium should be the same as your original quote and if rated your premium will be increased to allow for the extra risk assessed during the underwriting process.
If your application is declined for non-medical reasons, they will be confirmed in writing to you. If you are declined for medical reasons, the insurance company will write to your GP for him/her to explain the reason to you in person.
If you are accepted, as most applicants are, you will now have the peace of mind knowing that your dependants will be financially secure if the worst were to happen to you.
This web site is managed by Alliance Internet Ltd.
For more information about us Click Here