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LifeDeal is the UK’s number 1 Specialist Life Insurance Resource.
We make it easier to research life insurance plans available as well as being able to contact life insurance specialists for detailed quotes and professional advice.
Historically buying life insurance has been complicated, time-consuming and very expensive. Online services like LifeDeal.co.uk are helping people understand what life assurance options are available and that prices are more affordable that you might think.
We have a database of questions asked by real people as well as having the option to ask our community a question of your own.
Life Insurance
LifeDeal is a specialist life insurance search engine. We make it possible to compare hundreds of different life insurance policies so that you can find the best quote in the market.
Why do you need life cover?
It isn’t nice to think about, but life insurance will help to make sure that anyone that relies on your income is able to cope financially if you were to die.
We work with whole of market life insurance experts to provide life cover quotes that are tailored to your individual requirements. If you use a high street bank, building society or Independent Financial Advisor you will not have access to all life insurance companies. To make sure you get the best deal you need to see all the plans side by side. If you use our service you will have access to the lowest quotes from Aviva, Axa, Ageas and all other big name insurers.
Prices Falling
Life assurance is one of only a few products that have actually fallen in price over the years. Statistics released by Datamonitor have shown how life cover from Legal and General has dropped in price. Cover has got cheaper as more people have moved to term life insurance, which does not offer an investment and has significantly lower premiums than say endowment life insurance. Also, as people are living longer and medicine continues to improve the chance of the policyholder dying during the policy term means premiums continue to drop. It is now possible to get a significant amount of cover from only £5 a month.
Level Term Life Insurance
This is the simplest and most common type of life insurance available. It is called ‘level’ because it pays out a lump sum payment that stays the same throughout the life of the policy. The ‘term’ is the number of the years that the policy runs, often say 10 or 25 years. If you insure £100,000 then the plan will pay out £100,000 in the event of a claim.
Decreasing Term Life Insurance
This is the cheapest type of cover and operates in the same way as level term cover except the amount protected falls over time. It is common to use this type of insurance to protect against mortgage payments on a repayment mortgage.
Life Insurance with Critical Illness Cover
This is level term life insurance with added critical illness insurance. The plan pays out a lump sum if the policyholder is diagnosed with a pre-determined condition, for example cancer or heart disease.
Endowment Life Insurance
Endowment life insurance is a product that includes the benefits of term life assurance as well an investment that will be paid out at the end of the term of the policy.
Death Insurance
This is another name for life insurance, and can include term life assurance or endowment life insurance.
Real Life Cover
This is a newer type of life insurance that is designed to offer a comprehensive range of insurance that includes income protection, critical illness cover and life insurance.
Private Medical Insurance
Private medical insurance is also known as PMI or private health insurance, and is becoming more popular each year.
There are many reasons people take out out private health insurance such as the ability to move to the front of NHS queues and get fast access to the very best treatment. You will be able to choose a consultant instead of being told who to see and where. You also have the choice of any hospital or clinic. There are sometimes additional benefits of discounted gym membership and so on. This is all on top of cleaner and more comfortable en suite rooms with TV and internet which makes it easier for your family and loved ones to visit.
Here are some of the most popular providers:
Asda Medical InsurancePruHealth Medical Insurance
BUPA Health Insurance
CS Healthcare
Main Benefits of Private Medical Insurance
Beat the Queues
You don’t have to be at the whim of the NHS when you need treatment. Private medical insurance means you can get the best treatment at a place and time that suits you best. If you have to wait in the NHS line the time it takes for treatment will depend on where you live and the hospitals close to you.
Comfort
If you are fortunate enough to have private health insurance in place then you can stay in the top hospitals in the country. You will have your own private room which usually has an en suite. You will find yourself in an environment tailor-made to help you get better fast.
No Medical Required
Many private health insurance plans do not require you to undertake a medical, although you may have to complete a questionnaire.
Over 50 Plans
These are increasingly popular and have advertised widely on television and in the papers. Usually anyone aged between 50 and 80 will be automatically accepted and you will not have to undertake any medical or answer any questionnaires about your health.
What about the NHS?
If you have taken out a private health insurance plan you still get all the benefits of the NHS and don’t have to use a private hospital and of course have access to A&E, NHS Direct and any other health service they provide.
Community
Questions
Browse through 1000’s of top life insurance questions that have been asked by real people.
Ask a Question
Click on ‘Ask Question’ to place a question to the life insurance community. We will contact you by email to let you know when you have an answer.
Our Service
LifeDeal is an independent life insurance website to help people speak to expert life insurance advisors and find the best possible life insurance quote. Our service is free to use, impartial and no user is under obligation to accept the quotes they receive. Any information available on the website is purely for information purposes and cannot be considered financial advice. LifeDeal is not registered by the FSA and does not sell life insurance, in fact we recommend speaking to a fully qualified expert before buying any financial product.
Expert Advice
We work with FSA registered life assurance experts. Complete our short form to speak to an advisor and get a free quote.