UK Life Insurance
Life Insurance Tips, Resources and Articles
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Getting the right level of cover. Make sure you have enough cover. Think about covering debts such as your mortgage, and then provide a further £150,000 for every young child you have - more if you will need to pay out for school fees.
Put your policy in Trust. Under current IHT legislation, every £100,000 of life assurance is a potential £40,000 tax bill, so ask your insurer to write your policy in trust. This is a free, simple way to ensure the tax man doesn't take his slice of your loved one's money.
Shop Around. Even though you may have bought a policy for 25 years or so, premiums have been reducing so it's worth shopping around every few years to see if you can get a better deal.
Critical Illness Cover. Many critical illness insurance policies automatically include cover worth up to £20,000 for children. This is the sixth most common cause of claim, so it's a useful benefit for parents.
Terminal Illness Benefit? Look out for terminal illness benefit on life plans. This pays out the sum assured if you are diagnosed with a terminal illness and have less than 12 months to live.
Put your policy in Trust. Under current IHT legislation, every £100,000 of life assurance is a potential £40,000 tax bill, so ask your insurer to write your policy in trust. This is a free, simple way to ensure the tax man doesn't take his slice of your loved one's money.
Shop Around. Even though you may have bought a policy for 25 years or so, premiums have been reducing so it's worth shopping around every few years to see if you can get a better deal.
Critical Illness Cover. Many critical illness insurance policies automatically include cover worth up to £20,000 for children. This is the sixth most common cause of claim, so it's a useful benefit for parents.
Terminal Illness Benefit? Look out for terminal illness benefit on life plans. This pays out the sum assured if you are diagnosed with a terminal illness and have less than 12 months to live.
Life Insurance Resources
- Life Insurance
- Choose from a selection of Life Insurance and Critical Illness providers. All have the ability to quote online.
- Barclays Life Insurance
- Premiums from less than £5 a month - and you get tax relief! We've pushed the cost of the plan right down. And since B-Assured from Barclays is set up under pension plan rules, you get the benefit of tax relief on your premiums - even if you don't pay tax! Additionally, if you pay tax at the higher rate of 40%, you can claim extra tax relief back in your tax return, cutting the cost of your life insurance even more
- More Than Life Insurance
- Looking for a great deal on life cover? Save time and money and let MORE TH>N do the looking for you. Add Critical Illness to your policy and receive a lump sum on the diagnosis of a covered critical illness
- Direct Line Life Insurance
- By taking our Direct Line Life Cover, your family's finances could be one less thing to worry about. You can choose the level required to help provide for a mortgage, bills and maintaining your family's lifestyle.
Life Insurance Blog Posts from Google
Useful Life Insurance Articles
Are You Paying Too Much For Your Life Insurance?
Life insurance is no different to other insurances, such as home or motor - it always pays to shop around for the right product.
Fixed Term Life Insurance Explained
The importance of having adequate life cover should never be underestimated - and the solution may be in taking out fixed term life insurance cover.
The Importance of Mortgage Life Insurance
There are many different types of packages when it comes to home insurance and it can be difficult to choose which type of cover and package to go for.
Life insurance is no different to other insurances, such as home or motor - it always pays to shop around for the right product.
Fixed Term Life Insurance Explained
The importance of having adequate life cover should never be underestimated - and the solution may be in taking out fixed term life insurance cover.
The Importance of Mortgage Life Insurance
There are many different types of packages when it comes to home insurance and it can be difficult to choose which type of cover and package to go for.
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