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Life Insurance - Compare UK Insurance Quotes | |
| We compare the life insurance market to find you the lowest price | ||||||
         
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Considering your life insurance options? Make sure that you have the best available protection for your family by choosing the most appropriate life assurance policy for your needs. If you're searching for life insurance, Moneynet.co.uk could help you find the life assurance policy that offers you the protection you need at a premium you can afford. 
Not all life insurance policies offer the same ratesLife insurance policies can vary widely between insurance providers, so make sure you find the cheapest life insurance policy for your circumstances. If you have life insurance already, our quotes might show you why it's time to change. We've teamed up with some of the UK's most respected life insurance brokers to compare the market and find the lowest life assurance quotes available. Our advice is impartial, so you're guaranteed that we will return unbiased life insurance quotes for your benefit.
Find life insurance policies with easeFinding life insurance quotes with Moneynet.co.uk couldn't be any easier - you'll only have to fill in your details once to compare the wide range of policies the life insurance market offers. Why wait? Search for the life insurance quote that could provide you with the cover you desire right now. Compare life assurance quotes. Search for life insurance policies that could save you money with Moneynet.co.uk - the site that compares the life assurance market to find you the lowest price. |
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How Much Cover do I need?
If you are taking out life insurance to cover a mortgage then the amount of cover will usually be the mortgage amount less the value of any existing life policies you may have. However, whilst arranging your mortgage cover it may also be a good time to consider whether you need any additional cover to protect your family in the event of your death.
In usual circumstances, if you are the breadwinner of your family, you should have sufficient cover to pay off any outstanding debts and then leave enough to be invested to produce an income of at least two thirds of your current annual income, for as many years as your family will be dependent on you. That means that your life insurance should produce a lump sum that is capable of being invested to produce an annual income for your dependents equal to two thirds of your salary. This could be as much as ten years gross salary or in some cases even more.
If you are at all unsure about how much cover you require then discuss it with out life insurance partner and they will be pleased to help.
Types of Cover
- Term Assurance
- This is the most common type of cover and is designed to pay out a lump sum (the sum assured) should the policyholder die during the term of the policy.
This type of policy can be used for family protection or to cover an interest only mortgage where there is no reduction in mortgage debt during the term. These policies can be taken out on a single life or on joint lives ( in which case the policy would usually be designed to pay out on the first death).
- Mortgage Protection
- These policies are sometimes referred to as Decreasing Term Assurance as the level of cover is designed to reduce during the term.
These policies are designed to cover a repayment or capital & interest mortgage and the level of cover will be designed to reduce in line with the reduction in mortgage debt.
- Critical Illness Benefit
- Some polices will include Critical Illness Benefit which means that the policy will pay out the agreed benefit either on death or on the diagnosis of serious illness such as cancer, heart attack or stroke.
You should make sure that you understand exactly what is covered before taking out such a policy as the coverage can vary from company to company.
These policies will be more expensive than traditional life cover but do offer an added level of protection.
- Waiver of Premium - This is an optional benefit that can be added to most policies and means that the premium will be paid on behalf of the policyholder if he/she is unable to work for long period due to accident or sickness. This enables the policy to be maintained in full force even on the event of a long term illness. There will be a small increase in the monthly premium paid to take account of this additional cover.
How Much Will It Cost?
Insurance companies will take into account many factors when determining their monthly premiums. Factors such as age, sex, health, smoker or non-smoker and mortality rates are all taken into account when insurers calculate their premiums. However, the one thing that is certain is that the cost of cover varies considerably from one company to another for the same level of cover.
Here at Moneynet, we have teamed up with some of the leading UK life insurance brokers who will search the market for you to find the lowest price. In the unlikely event that you can find the same policy cheaper elsewhere then our Price Pledge means that we will always beat the price you have been quoted elsewhere
Terms
We will always offer you the cheapest policy we can find. However, in the unlikely event that you do find a cheaper policy elsewhere we will beat it!
To qualify for this offer, all we ask is that you provide us with a copy of the quotation which must have been obtained in the last seven days and that the policy offers the same levels of protection and benefits to the one offered by our consultants.
Existing Life Cover? It could be time to consider a change!
If you jave existing Life Insurance Policies which were taken out some time ago it could be worth considering a change. Most Life Companies have considerably reduced their premiums over the last few years to take account of longer life expectancy and the advances in medicine.
If there has been no deterioration in your health and as long as your policy is pure protection rather than an endowment or other form of investment product then it could be worth getting a quotation - we think you will be pleasantly suprised!
Simply fill out your details and we will provide you with a free no obligation quotation - what have you got to lose?
NB. You should not cancel any existing policies until you have been accepted by the new company and your new policy is in full force.
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