Compare & Match UK Life Insurance Cover Rates
Compare life insurance policies from top life insurance companies in the UK
Find the best life insurance quotes available for a quality yet cheap life assurance cover. Whether you’re looking for whole life insurance, term life insurance or over 50 life insurance we make it easy to find the cover that’s right for you.
How to Compare Life Insurance Policies
Comparing life insurance cover to get the best rates.
A life insurance policy provides protection for your family from financial difficulties in the event of you dying, which helps your loved ones at a time when they would be dealing with the emotional trauma of loosing you.
Life protection proves very useful if you have dependents who are reliant upon your income. The cover provides a cash cash lump sum on your death, (provided it’s within the policy term) which can be used to help with things like mortgage payments, finance, school fees etc.
However, make sure that you take out adequate cover, as cheap life insurance policy may not be suitable if it doesn’t provide sufficient protection. You should ensure that you consider protecting enough income to ensure that your loved ones can maintain their current lifestyle if you were to die, this should include paying off any outstanding mortgage, loans and finance agreements, plus covering their day to day expenses like household bills, school fees, taking holidays etc.
When making your calculation for the correct amount of life cover, think about all eventualities and compare life assurance cover that provides protection at a level that they will not be left with any money worries. There are different types of life cover for you to consider, these include:
Decreasing term life insurance
If you expect that the amount needed for protection will reduce over time, then you may want to consider a decreasing term life insurance policy, which people generally take out to cover a repayment type mortgage, as this has a steadily reducing mortgage balance. With this kind of policy, the amount of cover decreases in line with your mortgage balance, but they are not suitable as mortgage protection for interest only mortgages, as these stay at the same level throughout the term, with a repayment vehicle being used to pay off the amount owing at the end of the mortgage term.
If you decide to take out decreasing life insurance, seek financial advice and use a life insurance calculator to make sure you’ll still have suitable cover during each stage of the policies term.
Level term life insurance
The other option for protection is level term life insurance cover. This type of cover remains constant through the policy term, but it does tend to be more expensive, but it does protect you fully from the unexpected.
Whole life insurance runs on an ongoing basis and remains valid so long as you keep making your monthly premium payments; it pays a fixed lump sum when you die, which can be used to cover funeral costs or settle your financial affairs, but as this policy is designed to payout when you die, it does not cover for a fixed term, so it is the most expensive type of life insurance cover available.
Things to check…
Having worked out how much you can afford and chosen a suitable level of life insurance cover, compare life insurance quotes and policies that can match your needs and get personalised life insurance quotes from the best life insurance companies to compare their premiums to find the best deal.
Useful sources for Life Insurance
- Association of British Insurance – ABI Life Insurance pages
- The Telegraph – Life assurance explained
Cheapest UK Life Insurance and Critical Illness Cover
Life insurance may not seem the most inspiring way to spend money, but it is absolutely vital to ensure that dependents are to be looked after in the event of your death. The price for this peace of mind need not be high; there are many companies offering competitive quotes on cheap life insurance.
Furthermore, many policies will also offer critical illness life insurance which will give you a lump sum and access to medical treatment in the event of your contracting a serious illness and not being able to work. Many such policies also make provision for mortgage repayments on the event of the policyholder becoming ill, reducing the impact of such unpleasant life events and ensuring your financial position remains sound on your recovery.
These types of policy will then extend to life insurance cover if the illness becomes terminal, and whilst this can be a difficult subject to consider, we are able to take the hard work out of searching for a policy at www.moneymatchmaker.com. By entering your personal details, we can give an instant selection of quotes for life insurance cover and critical illness life insurance.
The price and benefits of each policy are easy to compare so you can guarantee you will get cover that represents the best deal for you and your family. We search the top insurance providers in the UK for cheap life insurance that also offers quality cover.
The types of cover available are varied, and we encourage you to consider all life insurance cover options, to ensure that at whatever stage of life you are at, you have adequate cover for you and your family. Our team of experts can also assist you in sourcing cheap life insurance, even if you have known medical conditions, that would mean that you do not qualify for cover under normal terms, which includes the best over 50s life insurance cover available in the UK. Rest assured that our insurance advisers are experienced in all areas of life and critical illness life insurance and can find suitable insurance policies to suit most circumstances.