Life Assurance is necessary to ensure that your family and dependants will not suffer financially if the worst should happen. Through this website you can compare over 100 life insurance products and select the most appropriate for you.
Level term assurance is a simple and inexpensive form of life insurance. This type of policy is designed to pay out a sum of money if the policyholder should die during the term in which your policy runs.
When choosing your policy, you should choose the
amount you want paying out (the sum insured) and the length of time
for which the policy is to cover (the term).
Term insurance is usually available on either a single or joint life basis and some plans also have additional benefits such as paying out on the diagnosis of a terminal illness during the term of the policy. If the policyholder or policyholders are alive at the end of the term the policy expires and no payment is made. If you stop paying premiums at any Stage during the term, the policy lapses and has no value.
Use our Life Assurance finder to find the best life insurance policies available on the UK market to suit your circumstances.
Switch life insurance policies and get a cheaper deal
People who took out life insurance in the 1980s and 1990s could save an estimated £1.35 billion a year by switching to cheaper cover. The cost of life cover has fallen by 40 per cent in the past six years. Many people who have not rewritten their existing policies are likely to save money by doing so now
Many people assume that they cannot switch or cancel their existing plan because there might be a penalty. But with term insurance this simply isnít the case.