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Compare Term Life Insurance Quotes Online
Term Life Insurance policies are suitable for basic life cover to protect your loved ones and dependants, and can be arranged for whatever amount you need over a term you can specify. In addition Term Life Assurance is ideal for the protection of an interest only mortgage, where the level of cover needs to remain constant throughout the mortgage term.
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Cheap Term Life Insurance - how much will it cost?The cost of a term life assurance policy is different for everyone, and will be based on an assessment made by the life insurance povider. Your age, gender, medical history, term and amount of cover required will all play their part in the calculation of your premium. The good news is that cheap term life insurance is what we do best.
If you use our term life insurance calculator above, you'll receive a list of all the different life insurance premiums and policies on offer immediately. In addition an email will be sent direct to your inbox confirming the same list of quotes available to you from all the major uk life insurance companies, as well as access to download the individual life insurance illustrations and product brochures.
When you arrange a policy through us, whether it be for a term assurance, income protection or critical illness policy, the premiums will be reduced by up to 28% in comparison to the insurance providers standard premium. Why is this not available from the provider?
Well quite simply, for those arranging their policy online, a good part of the commission that would normally be received from the insurance provider is paid back into the policy to ensure you receive a discount term life insurance premium.
This means for every ¬£pound that we can reduce your premium by , you will save ¬£300 over a 25 year policy term in comparison. Reduce the premium by up to 28%, and this can reduce the cost of insurance by thousands over longer policy terms..
It is worth noting that term life insurance rates can change frequently, and so it is worth undertaking comparisons of the different life insurance companies all at the same time.
Why Assurance & Not Insurance?
Should you be curious about exactly why it's called Life Assurance instead of Life Insurance the explanation iis pretty straight forward. Assurance is when you are assured of something happening such as the the enevitability of death. On the other hand, the term insurance is used when there is only a risk of something happening such as accident insurance. Some might argue that term life insurance is the correct term as it is quite possible to life longer than the policy term.
Term Life Insurance Policy Additions
Waiver Of PremiumsWaiver of premium is an add on to your insurance policy, and for a small additional amount will ensure your monthly premium continues to be paid for you if you are unable to continue working through illness or accident. It does not cover unemployment or redundancy though.
When in payment the cover will continue to the end of the policy term, a specified age, or until you are able to return to work. A deferment period of 6 months is standard with waiver of premium.
Terminal Illness CoverTerminal Illness Cover is included with most Term Life Policies free of charge. The benefit of terminal illness cover is that the sum insured can be paid out prior to death. In the case of a policy covering a mortgage, this can remove the financial burden and worry of paying the morgage so that precious time can be spent with loved ones.
A terminal illness is one where the insurers Chief Medical Officer confirms an advanced and rapidly progressing illness that is incurable.
Critical Illness CoverCritical Illness Cover added to a Term Life Assurance Policy, is known as Intergrated Critical Illness Cover, and will pay out the amount insured upon diagnosis of a criticall illness covered by the policy.
With 50% or so of all critical illness claims relating to cancer; a man having a one in four chance of suffering a critical illness before retirement, and a women one in five.
The real question is, Can you afford to be without Critical Illness Insurance?