Comparing Life Insurance

Finding appropriate life insurance should provide you with the confidence that your family will be financially protected should the unexpected happen.  Whether you are looking to cover your mortgage, protect your family, or leave a legacy, comparing life insurance quotes is a way to find cover that is appropriate to your needs and affordable.

Quotezone.co.uk does all this for you, bringing life insurance quotes from providers you recognize (and trust) well-known providers from the UK, in one place  – saving you time, energy, and possibly money.

Why Compare Life Insurance?

Most people take out life insurance to ensure their family members or dependants have at least some degree of financial protection upon their death. If you unexpectedly pass away, a payout can help pay mortgage repayments, help cover debts, bills and expenses related to funerals or other expenses.

Generally, comparing insurance meant using your calendar to contact multiple brokers multiple times across the UK, trying to compare policies. Quotezone makes a fairly complicated process simple to process all of your quotes easily with just one simple application form at a time.

You can compare:

• Level term life insurance
• Decreasing term insurance
• Whole of life insurance
• Family life insurance
• Joint life insurance
• Life insurance and critical illness cover

How Quotezone Can Help You Find the Right Cover

Let’s find you cover! At Quotezone we have relationships with a variety of specialists to help you get the level of the cover you need.

Fill out our quick form

Provide us with some information about yourself and the type of coverage you are interested in.

We will help you with your life insurance needs

We’ll connect your details with one of our knowledgeable life insurance specialists to provide you with professional advice.

A specialist will call you to discuss your life insurance and review options for comparing policies from the UK’s leading providers.

Compare Policies

You will be able to choose between different options suitable for you, preferences, our advisers will have access to hundreds of UK life insurance companies to help you find the policy most suitable for you for affordable and proper coverage. You will not have to contact all the brokers.

Some of the top UK Life Insurance Companies

• Aviva Life Insurance
• Vitality Life Insurance
• AIG Life Insurance
• Legal & General Life Insurance
• Scottish Widows Life Insurance
• LV= Life Insurance
• Royal London Life Insurance
• Zurich Life Insurance
• Guardian Life Insurance
• HSBC Life Insurance
• Barclays Life Insurance
• Direct Line Life Insurance
• Tesco Life Insurance
• NatWest Life Insurance
• Halifax Life Insurance
• MetLife Life Insurance
• Beagle Street Life Insurance
• Virgin Life Insurance
• DeadHappy Life Insurance

What are the Main Types of Life Insurance?

There are various types of policies to fit different purposes. Recognising the differences may lead you to the best option.

Level Term Life Insurance

A level term policy manages to lock in the cover level and the premium for the entire term. If you were to die within that term, the entire lump sum is paid to your beneficiaries. This is a good way to guarantee an ongoing financial safety net for family members or to cover fixed out-goings.

Decreasing Term Life Insurance

This is also commonly referred to as mortgage protection insurance, as the cover diminishes in line with the level of your mortgage. It pays off any remaining mortgage debts in the event of your passing, to help protect your home. Premiums are often more affordable here, as the cover diminishes over time.

Whole of Life Insurance

Whole of life insurance, sometimes known as life assurance, covers the individual for their entire life as opposed to just a fixed term. The family will receive a payout when the insured has passed, as long as they have continued to pay the premiums. This type of insurance is often used for inheritance tax planning or long-term protection.

Family Life Insurance

Family life insurance is designed to help your family sustain their way of life by providing for things such as childcare, school fees, and in an emergency, day-to-day expenses. It offers much-needed protection to family members and other dependants who are reliant on your income.

Joint Life Insurance

A joint life product will insure two people under a single policy, generally a couple or engagement partners. It will usually pay out on the first death, which can be a better value option in relation to the shared financial responsibilities placed on a family or business partnership.

Life Insurance & Critical Illness Cover

Most people opt to add critical illness cover to their life insurance to give them additional comfort. With critical illness cover, should you be diagnosed with a serious illness (for example cancer, heart attack, or stroke) during your policy cover term, you will be paid a lump payment.

You can choose:

• Life insurance with critical illness cover
• Critical illness cover only
• Life insurance and critical illness cover combined

The combined insurance can act as a replacement for an income to you or as payment for treatment or recovery. Many major insurers including Aviva, AIG, Vitality, and Legal & General will offer policies that will provide both life and critical illness cover.

Cost of Life Insurance in the UK

The average cost of life insurance per month varies depending on your age, health, lifestyle, cover amount, and policy type. Smokers or applicants adding critical illness cover typically pay higher premiums.

Healthy individuals in their 30s may pay £10 to £15 per month for term life insurance, but premiums will be higher if you are older or want whole life cover. If you compare quotes, you should get a good price that provides the protection you need.

Term or Whole of Life Insurance

The decision to choose whole of life insurance or term life insurance really depends on your objectives and your budget.

If you are looking for inexpensive protection for a specific financial goal, typically, a term life policy is going to make more sense. If you want protection for your whole life or want to plan for inheritance tax, whole life insurance may make more sense.

Choosing the Right Life Insurance Policy

When you compare policies, here is what you want to think about:

• Premiums: Search for a balance between what you pay and what protection you need.
• Cover amount: Make sure the amount will cover the lifestyle of your family or any debts you may have.
• Policy length: Make sure the cover term is aligned with big financial commitments associated with your mortgage and/or family.
• Exclusions: Search for exclusions in the policy and what that means to you.

By comparing a number of providers, you can find the best life insurance companies, which have products that fit your needs, including decreasing term insurance, family life insurance or life insurance with critical illness cover. Why Quotezone?

• Independent comparison from FCA-authorised providers
• Quick, easy and free service
• Great choice of UK life insurance companies and brokers
• Compare term, whole of life or critical illness cover
• Save time by getting multiple quotes in one go

With the help of Quotezone finding the right life insurance policy is easier, quicker and tailored to your needs.

Compare Life Insurance Today

Protecting your family’s financial future can be simple. Whether you are looking for cheap life insurance, whole of life insurance, or life insurance with critical illness cover Quotezone helps you compare your options quickly and with confidence.

Compare life insurance today with Quotezone and find a policy so that you and your family can have peace of mind for the future.