The security of your information is extremely important to us! We are registered and comply with the Data Protection Act (1998) NO:Z2656971> Term life insurance costs less that you think. Compare the whole market at once and save up to 40% on your term life insurance.
If you are after easy to understand and flexible life insurance them term life insurance should be your first consideration. You can pick the amount it pays out and also the length of the cover.
What is Term Life Insurance?
The most usual and common life insurance is better known as term life cover or term life insurance. This is a protection policy in which after the death of a policy holder, the insurer pays a sum that the policy covers to his or her family. This sum is given to the nominee or to the nominated person by the policyholder.
It is not a fun subject to think about, but having suitable insurance is very important and taking out protection for your family and loved ones is a responsible decision. After death, we often leave a lot of unpaid bills such as mortgages or unsecured debt as well as the funeral expenses. These financial responsibilities can be easily sorted out by term life cover. The good news is that protection has never been cheaper as premiums have fallen over the last ten years.
Main Benefits
Term life covers allows the policyholder to get financial security for their family and loved ones after his or her death. The family members can sort out the responsibility with the help of the lump-sum payment the insurance company will pay.
Main Drawbacks
A fixed sum has to be paid to the company for a limited period of time as the premium. This premium depends on the sum of the coverage amount. For higher amount of coverage, you will have to pay a higher premium. If you do not use the policy, not all policies will pay back an lump-sum, so always read the small print and speak to a life insurance advisor.
Alternative solution
If investment is the purpose and a good return is the prime concern, one can invest in the mutual funds and stock market. One can even go for fixed deposits in bank and other types of products that have historically outperformed life insurance based products.
Buy cheap term life insurance
We work with the best life insurance advisors to provide the best value term life cover plans available in the market. Click on 'Get a free life quote' and we will help you find the best value policy that suits your particular needs. Our service is 100% free and you are under absolutely no obligation to take the quote.
Guest article: Written by David Turner.
more information