Finding Cover: Life Insurance
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Also consider critical illness cover. Critical illness cover is a long-term insurance policy that's designed to pay you a lump sum on diagnosis of a varied range of seriously incapacitating or life threatening conditions such as loss of limbs, heart attack, stroke, cancer, blindness and many more.
You can use the payout for anything you wish including medical treatment or to pay off your mortgage.
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discover the differences between the providers Following your enquiry, an independent, impartial advisor will contact you and help you choose from a range of the major UK Life Cover providers. Your privacy is important to us, we do not share your contact details.Possible Life Insuance Providers...
The Finding Cover Life Life Insurance site is an advertising vehicle for Ingard Financial, (Reg. Office) Ryan House, 18-19 Aviation Way, Southend on Sea, Essex SS2 6UN. Registration Number 05728066. Registered in England and Wales. Ingard Financial is regulated by the Financial Services Authority (FSA). With over twenty years experience in the financial sector, Ingard Financial has forged a reputation for offering a superior service based on honesty, integrity and a clear transparent work ethic that ensures every client is treated fairly and professionally.
Life insurance FAQs
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Which life insurance providers' databases do you have access to?
What's the difference between level term and decreasing term life insurance?
Do I need to have a medical examination before I can buy life insurance?
Q: Which life insurance providers' databases do you have access to?
We cover the whole of the life insurance market. Here is a selection of our providers which we would draw your comparisons from:
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Q: Can I obtain online life insurance quotes?
A: On the internet, many companies will give you instant quotes based on very little information and therefore often bear no resemblance as to what you end up paying. Prices quoted are usually for those in first class health who meet very specific, strict criteria. Accurate quotes can only be given that are based on a number of personal factors like your height, weight, medical background and family history.
Life insurance companies compete for different life insurance business so your unique circumstances could result in extremely varied premiums. You need full information to be able to compare policies.
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Q: Why should I buy life insurance?
A: When you buy life insurance, it provides a level of financial security for the people who depend on us after we have passed on. It can also ensure your mortgage repayments are met and your family members maintain their standard of living. Simply put, life insurance buys you peace of mind.
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Q: Will my monthly life insurance premiums increase?
If you buy term life insurance, your monthly premiums are guaranteed and will not rise. If you buy combined term life insurance and critical illness cover you'll have the option to fix premiums or have them reviewed by the provider. This typically happens every 3-5 years. Reviewable premiums are cheaper than fixed premiums in the short term, but over the longer term they can work out more expensive.
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Q: How much cover do I need to buy?
It is difficult to put a figure on an individual life and the circumstances surrounding that life. You may want to take into consideration how much your family would need to pay off the mortgage or any other debts and paying for funeral expenses. You would also need to consider possible increased child care costs and the cost of their further education.
Many also calculate a multiple of their present annual earnings to help them decide. Sometimes it's just a simple matter of asking yourself how much can you afford to pay each month.
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Q: Can I be sure that my information stays confidential?
A: We take your privacy very seriously, your information will never be passed on to anyone other than the people directly involved with you buying your life insurance. We adhere to a confidentiality policy which requires us to treat all information held about you in the strictest confidence.
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Q: What is term life insurance?
A: When you buy a term life insurance policy, it provides straightforward cheap life insurance cover that pays a lump sum in the event of your death or terminal illness. Term life is similar to all general insurance policies (e.g. car insurance, buildings insurance etc.) that only pay out should the event occur. You can buy other types of policy that provide a payout at the end of the term should the policy not be claimed on, but these can be much more expensive.
Term insurance is the simplest and cheapest type of life insurance. It's known as term insurance because you choose how long you're covered for. For instance, this could be 10, 15 or 20 years.
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Q: Do I receive money back from my policy?
A: Term life insurance policies do not acquire a surrender value and have no monetary value on expiry.
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Q: Should I consider buying joint life insurance?
A: As a couple, you can buy joint term cover in both your names, with the policy paying out if either of you die during the agreed term. One policy provides coverage for you both.
The amount of cover will be the same for both of you. That means the policy pays the same amount if the worst should happen to either of you.
However this is only suitable if both of you need the same level of cover. Also, a joint policy ends after a claim. The survivor would have to apply for a new policy if they wished to continue their life cover.
Joint life cover isn't your only option though. Interestingly, the price of buying joint life insurance is often only marginally less expensive, if at all, than if you buy two single policies with the same sum assured for each one.
Two single policies versus joint: If you take out two separate policies instead of a joint one, the survivor’s own policy is still active, even though the deceased’s policy has paid a claim. Additionally, if the unthinkable were to happen and both of you died, your dependents would get twice the pay out. Further more, the amount of cover can be different for each of you. So which is best for you? You'll need to find out about both options to make an informed decision before you buy.
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Q: What is critical illness cover?
A: Unlike life insurance, critical illness cover pays out to yourself. Critical illness cover is a long-term insurance policy and should be considered as an addition to your life insurance.
It's designed to pay you a tax free lump sum on diagnosis of a range of seriously incapacitating or life threatening conditions such as loss of limbs, blindness, heart attack, cancer and stroke. The most common diagnosis are for cancer, stroke and heart attacks. Each provider differs in its exclusions for critical illness payouts. You can use the payout for anything you wish including private medical treatment, home alterations, specialist equipment, increased child care costs or to pay off your mortgage. Some providers include children's critical illness cover at no extra cost.
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Q: Why buy critical illness cover?
According to the Daily Telegraph, claims statistics suggest you are five times more likely to suffer from a critical illness than you are to die before you reach 65.
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Q: Should I cancel any existing life insurance plan now?
A: While you're researching and applying for lower cost life insurance you should continue to pay your existing policy premiums. Once your new plan had been bought and you have received your new policy document, you may cancel the old one.
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Q: Can I cancel my life insurance cover at any time?
A: Yes, you can cancel your policy by providing notice in writing.
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Q: What's the difference between level term life insurance and decreasing term life cover?
A: When you buy level term life cover, the amount of benefit paid out in the event of a claim is the same amount as selected at the start of the policy. So basically it pays out a fixed amount on the death of the level term life policy holder at any time during the life of the policy.
When you buy decreasing term life insurance, the amount of benefit paid out in the event of a claim reduces on a year by year basis. The benefit reduces throughout the term of the policy as the outstanding balance decreases. Because of this, decreasing cover is usually cheaper than level term life insurance. Decreasing term life insurance, which is also known as mortgage protection life insurance, is designed to pay any outstanding balance of a loan.
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Q: What is level term with critical illness life cover?
A: This policy is the same as the level term life insurance policy with the exception that it pays out either on the death of the policy holder or if the policy holder is diagnosed as having one or more critical conditions.
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What is decreasing term with critical illness life cover?
A: This policy is the same as the decreasing term life insurance policy with the exception that it pays out either on the death of the policy holder or if the policy holder is diagnosed as having one or more critical conditions.
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Q: How do I pay for my life insurance cover?
A: All payments are made by a monthly direct debit.
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Q: Do I need to have a medical examination before I can buy life insurance?
A: In the majority of cases it is not required for you to have a medical. Most life insurance providers ask specific medical questions and in most cases they can provide you with an instant decision. In some circumstances a medical report from your local GP may be required and in a minority of cases a medical examination may be required. This generally depends on your age, general health and family history. Most types of medical examination usually involve only a check up for blood pressure, your pulse and measuring your height and weight.
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Q: How do I obtain Life Insurance Comparisons?
A: Simply complete the enquiry form on this page.
Peace of Mind
protect your family
Your family's life shouldn't stop just because you're no longer around.
Start here to make your search for life insurance much easier!
There are three questions to you need to ask yourself:
If, like many others, you're unsure about all three, then you're definitely at the right site!
We take the stress and work away from your life cover search
Life insurance experts will search the market on your behalf so you don't have to. You don't have to spend time and effort looking around for the best life insurance deals. Simply let us know your details and the whole of the UK market will be searched and compared.Then what?... You'll receive free Life Insurance Comparisons. Your friendly advisors will explain everything that you need to know about which type of cover is best for you.
Importantly, they'll also let you know how much you should be paying for your life cover. You can then easily choose which policy suits you and your pocket. Simplicity itself!
Why should I?... It'll save you lots of time and effort and could save you quite a bit of money in the process. Crucially, your loved ones will receive a lump sum when the inevitable happens.