Life insurance cover is one of the best forms of protection for your family should you die. This is because it is simple, straightforward and in most cases relatively inexpensive. Should you have outstanding debts, or dependent children you should definitely have some form of protection. Terminal illness cover can also be included in this type of policy, this is often included at no extra cost and pays out immediately if you are diagnosed with a terminal illness with a life expectancy of less than 12 months. Plus if anything were to happen to you, you would not to leave loved ones in difficulty. We strive to give cheapest and best deal by sourcing all the UK life insurance cover companies.
Level Term Life Insurance
Level term life cover is a simple and affordable way to protect your family if you’re no longer there to provide for them. The policy will pay a cash sum if you die during the policy term and its guaranteed that the amount you insured yourself will not change over time.
Family Income Benefit
Family Income Benefit (FIB) is one of the most useful and best value protection products you can buy to secure your dependants. Rather than providing a lump sum should you die it provides a regular, tax-free, monthly income – from the time of the claim to the end of the plan term. This type of life insurance is particularly attractive to those who like to know they have a regular monthly income and would rather not have to worry about complex investment decisions to make the most of a lump sum payout. Few people can afford enough lump sum cover to properly provide for their dependants income needs, particularly when young children hamper earnings levels and increase the amounts protection it would be sensible to have in place. The structure of the plan means that the total amount that could be paid out decreases each month, as the payments are only made until the end of the policy.
Whole of Life
It’s a life insurance plan that provides cover for the duration of your life, rather than for a fixed term. This means that, whenever you die, your loved ones will receive a guaranteed cash lump sum no matter what happens, providing all premiums are paid when due.