Life Insurance Advisers.co.uk
Just complete your details and a Life Insurance Adviser will
call you from LifeSearch to compare your Quotes
and discuss your options.
Welcome to Life Insurance Advisers, specialists in Life Insurance and Critical Illness Insurance.
Prices of life insurance can vary widely between both insurance companies and the adviser you choose. So we've gone to great lenghts to ensure youll get the best deal in the market.
We've teamed up with LifeSearch who are the leading life insurance brokers in the country. They have been voted The Best Protection Advisers* in four of the last five years. (* Awards presented by "Money Marketing" at their Financial Services Awards Ceremony). To find the cheapest Life Insurance quote, LifeSearch will get quotes from all of the insurers in the UK you back to talk through your options. With their advise you can then make a well informed and wise decision.
Just fill in your details once and LifeSearchwill get you those all important quotes from a whole range of insurers. (car insurance quotes)
3 Good Reasons to buy Life Insurance
1. If you were to die, your family would no longer receive the income that used to bring into the family home. Life Insurance would provide a tax-free lump sum to offset the loss of your income and could go a long way to ensure that your family is financially provided for. You could also consider another form of life insurance - called Family Income Benefit , it pays an agreed monthly tax-free income to your family until the policy comes to the end of its term.
2. Often, when someone dies, a mortgage, car loans, medical bills, and credit card debts are often left unpaid. These have to be paid by your estate from the assets they have left behind. Thats why life insurance is a good idea. The lump sum can be used to pay off the debts leaving your other assets intact for your familys benefit.
3. Life Insurance can be used to provide cash sums for your heirs. If you want to do this, you should consider having your life insurance policy "written in trust". Your life insurance adviser will arrange this for you completely free of charge. It means that following a claim, the money would be paid directly to the beneficiaries you have specified on your policy documents.
Regulation: The Financial Services Authority (FSA) instructs all life insurance web sites to provide information about how the site is operated and regulated. The FSA require us to provide this information in what is called a “Disclosure Document”. To view our Disclosure Document Click Here.
LifeSearch will find you the cheapest quotes in the UK and answer your questions and provide you with plenty of information. You should then be able to make a well informed decision.
Articles About Life Insurance
In the following panel we show you some articles that have been written about life insurance. If any interest you, simply click on it to view.
- Tips for Choosing a Life Insurance Company
- This article argues that you need to consider the merits of the life insurance company providing the policy, as well as the policy itself.
- 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.
- 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.
- Critical Illness Insurance. Critical or Ridicule?
- An introduction to one very valuable form of life insurance called critical illness insurance.
More Information about Life Insurance
Is Life Insurance necessary?
You have Life insurance to make financial provision for any dependents in the event of the death of the policyholder or to pay off your financial liabilities such as a mortgage or loans. If you do not have any dependents, or liabilities to repay, then it is not necessary to have life insurance.
You’ll appreciate therefore, that Life insurance is particularly important if you have a spouse, family or even a business partner.
What is Term Life Insurance?
If you take out a Term Life Insurance policy this will pay out if the holder dies during the fixed time period of the policy. If the holder does not die during the term of the policy they do not get anything back when the policy expires. This insurance is often used to run parallel with a big commitment, like a mortgage or paying for children’s education and once the mortgage is paid or the children are no longer in education it is not required.
(car insurance quotes)
Different types of Term Insurance
There are various types of Term Insurance available. Basically, the plans that are available are as follows:-
1) Level Term – with this plan the cover remains constant no matter when a claim is made.
2) Decreasing Term – with this, the cover provided decreases throughout the policys term. Typically, it’s used to protect a repayment mortgage where the outstanding capital steadily decreases.
3) Increasing Term – the cover with this plan and the premium you pay increases in line with inflation over the term so that it does not lose its’ true value due to inflation.
4) Renewable Term – this means the plan can be renewed to extend cover without having another health check.
5) Family Income Benefit – is pays a regular monthly payment for the remaining term of the policy, rather than a lump sum.
Other aspects you need to know about.
Cost Comparison
Life insurance in the UK is a very competitive market. So you should always compare prices. With all the life insurance companies vying for business, they all have to think up little differences to make their policies more attractive. Therefore, at the end of the day, your decision might not come down to price alone. But here are two simple ways you can help keep premiums to a minimum:-
√ If you are a smoker try and stop. This will save you hundreds of pounds on your premiums over the term. Premiums are, on average, 30-40 per cent higher for smokers.
√ Do not over pay for cover. If you want term insurance and critical illness cover you can save with a combined policy. But be aware that a combined policy will only pay out one lump sum on the first event.
A Decreasing Term Life Insurance plan is the cheapest you can get and premiums are very competitive – ideal for repayment mortgage insurance. But cost is not everything and you should consider the following factors:-
Understand what cover you require
There are so many life insurance policies available that you really need to know exactly what you do and do not need. Do plenty of research and talk to the experts at Click to determine your options.
Check the quality of the policy
All life insurance policies vary so you must be sure to compare them and read the small print, especially if you are including any extras like Critical Illness Cover. Read the Key Facts document thoroughly and try and identify some of the following benefits:-
• Go for ‘Guaranteed’ premiums rather than ‘Reviewable’ ones. As the names suggest guaranteed premiums remain constant throughout the term of the policy, and `Reviewable´ premiums will be reviewed every 5 years or so and the company can substantially increase premiums.
• The majority of Term Life Insurance policies include Terminal Illness cover for free so check that this is on your policy as it will pay the life insurance sum out if you die of a terminal illness. (This is not the same as Critical Illness cover)
• Choose a policy that is flexible. It is unrealistic to say that your circumstances will never change, so it’s useful to be able to alter your cover to accommodate any changes.
• Always have the policy written in trust. This will prevent any delay on funds being paid to your family and it will also avoid any of it being wiped out by inheritance tax.
• Get waiver of premium included in your plan. If you are too ill to work for a prolonged period it will ensure that your cover carries on if you cannot pay the premiums – a very valuable extra.
• Some policies can also include counselling for your family if you die.
Policies “ Written In Trust”
You do not need to have a top whack Life insurance policy to put your estate at risk of being over the inheritance tax threshold when you die. Any amount over the inheritance tax threshold is liable for 40 per cent tax but you can easily avoid this by writing the policy in trust. It’s a free service and all you have to do is fill in a form which can come with the life insurance pack. Once the policy is written in trust it is considered to be separate from your estate so will not affect any tax your estate has to pay if you die.
If unsure - take advice
Buying Life insurance can be very straightforward if you know what you want and your circumstances are uncomplicated. But, if this is not the case then you should ask for advice from the experts.
Which Life Insurance Company to choose?
There are thousands of Life insurance products offered by over 150 insurance companies in the UK. Cost is usually the ultimate decider for your cover but look into the reputation of your insurer and check that they are as conscientious with their claims procedure, as they are with their sales techniques!
Claims Procedure History
You can have an all singing, all dancing policy but it is worthless if your insurer is not helpful or constructive with their claim procedures. Before you sign up for a policy find out what the company’s claims history is like. Chat it through with Click’s Life Insurance expert. (medical insurance)
Is the insurance company financially secure?
Insurance companies are given financial ratings by credit rating agencies. Standard & Poors are a major insurance rating company and it is worth checking with someone like them to find out how your proposed insurer rates.
Making an application for Life Insurance
As with all insurance, the level of risk you pose is reflected in the premium the insurer will charge you for taking on that risk. Life cover is no different.
The risk with life insurance is solely based on the likelihood of your death, or falling ill if you also have this cover, during the life of your policy. This is assessed when you have completed a thorough application form in which you have to divulge your health and family history of health, in great depth.
Your application must be totally honest and you must not withhold even the slightest ailment. If you do this can result in any claims being declined - and the last thing you want to do is to give an insurance company any excuse to refuse a claim!
The process of underwriting
Once you have completed the application form, the insurer will examine it and decide whether they need any more information before they start the underwriting process. If for example, they need more medical information, they will may ask for a report from your GP or ask for a medical examination to be carried out. Extra medical investigations will always be paid for by the insurers – they do not cost you a penny.
The underwriters will then collate all the information and assess your application for risk. If everything is OK, the insurer will confirm that their original quote still stands (i.e. “standard terms”) otherwise they will offer you cover at a higher premium, called a ‘rated’ premium. In some cases the insurer may even decline to insure you.
If you are successful with your application you will then be able to rest in the knowledge that you are fairly healthy and that you have put measures in place to protect your finances against the worst case scenario happening to you and yours.
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