Term Insurance

Quotezone have a completely independent price comparison engine which can compare quotes from a panel of some of the biggest and most trusted insurance companies in the world.

Panel members have included top companies such as Legal and General, Friends Provident, Zurich, Aviva, Aegon, Scottish Equitable, Liverpool Victoria etc etc

Term Life Insurance is vital for the protection of one's family. If the Term Life policyholders die whilst the policy is in force, their family or other beneficiary receives the entire death benefit of the policy.

In the UK, Term Life insurance is available for periods lasting anywhere from one to thirty years. Premium payments can be setup to occur either on a yearly or monthly basis. It is very important to keep up to date on premium payments to avoid a lapse in cover. In most cases, when the end of the policy term is reached, the policyholder is given the option to either renew the term policy for another period of time or to convert their policy into a Whole Life product.

There are a few different options with the Term Life policies available to UK buyers. The Level Term policy keeps the premium payments at the same amount throughout the life of the policy. The policy's death benefit, however, is subject to be worth less because of inflationary issues. In that case, an Increasing Term policy might make a better choice.

In an Increasing Term policy, both the premium payment and death benefit increase over time either by a set percentage, or by a percentage determined by the variable retail price index (RPI). These kinds of policies provide protection for the beneficiary against inflationary issues or other unforeseen financial difficulties.

The Convertible Term policy type is designed specifically to be converted to a Whole Life policy from a Term Life policy either at the end of the original term, or sometimes even during the policy period itself. If someone is expecting a financial windfall within the next few years, they would benefit from a Convertible Term policy, as that windfall can be used as part of any additional premium required at the time of conversion.

A Short-term insurance requirement is perfect for the Renewable Term policy type. It is designed specifically for shorter periods of time with the usually larger premium payment and flexible death benefit options reflecting that. It is a useful insurance type for someone who is changing jobs, while remaining dependent on a life insurance benefit provided by their now former employer.

Bookmark this page!  

cheap car insurance for young drivers   car insurance comparison    car insurance for girls    car insurance policies    car insurance search    classic car insurance 


Disclaimer Contact Us Privacy Policy Home