A life insurance covers your family in case you pass away or in the case of an accident or illness depending on the terms of the life insurance. In this article, you will find the answers to many of your questions regarding life insurance.
See the table of content for an easy overview of the article.
What is a life insurance
A life insurance is an insurance that pays out a sum of money on the passing away of the insured person. Depending on the terms of the life insurance, it may also pay out a sum of money after a set period, critical illness or an accident.
Read more: Wikipedia
What is a whole of life insurance policy?
A whole life insurance policy is a type life insurance that is valid your entire life. Hence, you are certain of a payout.
Read more: Wikipedia
How do I find the best life insurance in the UK?
Life insurance is not a commodity as the price and coverage depends on several factors like your age, your medical condition, the size of your coverage and how long you want it for.
In other words, there is no one best life insurance for everybody.
The best way to find a good and cheap life insurance is to be aware of your requirements. Remember that a life insurance is not for you, but for your family so they can sustain the same standard of living if you die prematurely.
See our list of selected life insurance companies in the UK.
How do I find a life insurance when I’m over 50?
Finding a cheap life insurance when you are over 50 years old can prove a challenge. Most people take out a life insurance in their thirties to secure their family if they pass away. When you are over 50 years old, you have different requirements. Your children has probably grown up and you might already have paid off your mortgage. Hence, a standard life insurance may be expensive compared to if you were in your thirties as you are statistically more likely to pass away.
As always, we recommend that you use the appropriate time to map your requirements for a life insurance and look after life insurances that target people over 50 years.
See: Moneysupermarket
Martin Lewis on life insurance
Do you want to know more about life insurance?
Please read: Moneysavingexpert – Martin Lewis on life insurance
List of selected life insurance companies in the UK
Here is a list of some of the most popular life insurance companies in the UK:
Life insurance at Tesco Bank
Tesco Bank has a financial branch that offers financial products, such as life insurance.
Read more: Tesco Bank
Life insurance at Smart Insurance
Smart life insurance is a insurance company that is specialised in life insurance:
Read more: Smart Insurance
Life insurance at Direct Line
Direct Line offers a long range of insurance products, such as life insurance.
Read more Direct Line
Life insurance with free gift
Some companies, like Direct Line, offers you a free gift if you buy one of their life insurance products.
See also the following life insurance companies:
References
https://en.wikipedia.org/wiki/Life_insurance
https://en.wikipedia.org/wiki/Whole_life_insurance
