Life Insurance - CoverMyLife.co.uk
Life Insurance
Life insurance cover is in effect a contract that someone enters into in order to obtain a payout in the unfortunate even of that individual’s death, illness or injury. The payout is usually in the form of a lump sum, however regular interval payments are also possible. The benefits of life insurance are numerous.
Quick and easy to arrange
Usually life insurance cover is simple to obtain. You simply need to know what you want to pay, or what you want to receive when you die! Some websites now offer a life insurance quote in under 2 minutes, making it easy to arrange. There are generally no complicated forms to fill in either.
Low cost cover
Monthly life cover premiums can cost as little as £5 a month, making it easily affordable to most, even if you’re on a budget! Some companies offer a guarantee that the premium will never increase in price. So you can be safe in the knowledge that the cost to you will remain constant.
Protect your family
Joint cover plans are available for you and your life partner, husband or wife. This is great news for couples and families, who would like the security of knowing that if something happens to one of them, the other will be protected.
Extended coverage
Also includes insurance cover for you family or your mortgage.
A wealth of options are available
Given that there are insurance plans designed for the over 50’s, critical illness cover, and policies that either do or don’t require prior medicals on application, the process of choosing one can sometimes seem daunting and complicated, especially as plans are offered by all the large UK insurance providers, such as: AA, Scottish Equitable, AXA Sun Life, Friends Provident, Halifax or Legal and General. However, these companies have a long history of providing life insurance policies and generally have a good reputation, despite the numerous options available they try and make the process simple. Many allow you compare quotes quickly and easily, online, allowing you to find the best prices. Others allow you to call a help center where you can speak to a representative.
Get the best policy
In order to get the very best life insurance policy look for websites that have won awards, such as the Life and Pensions award, Standard & Poor’s Rating, or the Money Magazine Awards. These are usually offered by independent bodies such as financial institutions and publications and go a long way in helping you decide which company to go with.