Barclays Endowment Life Insurance

Barclays Endowment Life Insurance. Fact! If you don't compare endowment life insurance quotes you will not get the best deal. Compare and save £1000's.

Peace of mind could be minutes away with Barclay’s simple, great value life insurance. Barclays life insurance includes term policies which are handled by Aviva. The Barclays Life insurance range also includes both term assurance (standard and decreasing) and whole life cover, but in quite different ways.

Barclays began when John Freame and Thomas Gould started trading as goldsmith bankers in Lombard Street, in the City of London in 1690. With over 300 years of history and expertise in banking, Barclays moves, lends, invests and protects money for customers and clients in over 50 countries and employs 147,500 people. As a responsible global citizen, Barclays is committed to ensuring the sustainability of the communities in which the business operates, and strives for sustainable relationships with customers and clients worldwide.

Barclays offers different types of life insurances along with other freebies when you sign up like 11% online discount or FREE 12-month membership to the Gourmet Society. You can also choose either a level term or decreasing term cover and with a maximum cover that is tiered for those over the age of 50.

Barclays offers Endowment life insurance policies which are called saving policies by a few, though the premium cost of this type of insurance is high, on the other hand in return it offers the consumer with additional cash value. This is most appropriate for individuals who want to have mandatory saving, and pull out an amount of cash at some point.

Another life insurances it offers is Level term life insurance. It provides a lump sum on death or terminal illness to provide financial help for your family with its premium and level of cover remains the same throughout the term of the policy. It is also available on a single or joint life basis but the policy only pays out on the first death.

Another life insurance it offers is Decreasing term life insurance. It provides a lump sum on death or diagnosis of terminal illness and usually used to cover mortgages or other loans where the amount owed decreases year by year. Unlike level term life insurance, the level of cover of this insurance reduces each year in line with the sum you owe. The sum assured payable on death, however, is guaranteed to cover the outstanding loan.

Barclays competes against both domestic and international insurance and investment companies. Barclays is smaller than some of its competitors, though it is still the largest debt underwriter in Europe. Among its top three competitors are Deutsche Bank Aktiengesellschaft in Germany, HSBC Holdings plc in London and The Royal Bank of Scotland Group plc in Edinburgh.

Barclays Endowment Life Insurance Reviews

Barclays Insurance has gained a 4-star rating for its accident and critical illness cover from the users of Review Center, a community of real people, just like you, sharing their product and service experiences. If you have an endowment insurance policy from Barclays, you may want to share your thoughts and experiences with this community.