Life Insurance Questions Page
Life insurance, life assurance or critical illness policies. What are their aims?
1) To pay a guaranteed lump sum if you die during the policy term. (The policy term is the period of time you would like to be insured for.)
2) To pay a guaranteed lump sum if you are diagnosed as suffering from a terminal illness during the policy term. (If this option is selected. Conditions apply.)
3) To pay a guaranteed lump sum if you are diagnosed as suffering from a critical illness during the policy term. (If this option is selected. Conditions apply.)
Full details are available in the relevant product Key Feature documents.
Why do I need life cover?
People require term assurance for a number of different reasons, the main reason is to protect the outstanding amount on a mortgage or loan, or to offer your family security should you die or be diagnosed with a critical illness.
What is the difference between Level Term Assurance and Mortgage Protection plans?
Level term assurance is designed to pay a lump sum benefit any point during the term of the policy on death or diagnosis of a critical illness (if selected). The lump sum amount is decided at the start of the policy and doesn't change through the life of the policy.
Mortgage protection is designed to pay a lump sum benefit any point during the term of the policy on death or diagnosis of a critical illness (if selected). However the lump sum amount decreases throughout the term in line with the outstanding balance of a mortgage. This is one of the cheapest ways to cover your mortgage.
How can I get term assurance or critical illness cover?
We offer competitive rates from a search of the top providers. This is a fast service which enables us to give you the very best premium for your financial situation and the cover you require.
Simply fill in our life insurance quote request form and one of our internet sales consultants will e-mail you a no obligation quote for your approval.
The next step is to request the relevant illustration, key features document and application form for the cover requested. On receiving the completed application form from yourself we will forward this to the underwriters for approval and acceptance.
We will then post you your policy document for your information and safe keeping and the process is complete.
I already have term assurance or mortgage protection and wonder if I can now get a cheaper quote. Is there an easy way to do this?
Yes. Due to ever increasing competition and improving mortality rates the cost of term assurance has been brought progressively down over the last few years. This may well enable you to obtain a cheaper quotation now than 5 years ago. Also insurers are designing more user friendly packages for your needs, we can now offer a policy that has guaranteed acceptance for existing policy holders. Please click here for further information.
I have some further questions can you help?
Yes. If you have any further questions please do not hesitate to contact us by e-mail using the following link.
