Many companies sell their life insurance products to offer the peace of mind, and the reassured guarantee that you look for. You need to be careful to choose only the cover or plan that suits your requirements and budget. Here is some information about the products from the 5 top UK insurers.
Liverpool Victoria will provide you the life insurance cover of the value you desire, whether it is a level or decreasing cover. If you desire this cover, make sure you do not drink or smoke a lot, because LV looks for generally healthy people. LV also offers Income Protection cover, Critical Illness cover, Life Protection cover, Mortgage & Lifestyle Protection, and LV Over 50 Life Plan. All of these are specifically for UK residents who are between 17 to 80 years, and opt for a policy of minimum 5 years term.
AXA Sunlife Direct protection account provides various covers for Life, Critical Illness, Earlier Critical Illness, Income Protection, Mortgage Income Protection, and Payment Protection cover. AXA Sunlife Direct life cover offers Guaranteed Over 50 plan for people between 50 to 85 years, 50 Plus Protector Plan catered for people of 50-75 years and Easy Cover, a term insurance for people aged 18-59 years.
Bupa life insurance has many flexible cover options such as Level Term, which is a fixed cover and gives a pre-defined sum of money on completion of a fixed term, which is between 5 to 40 years. Other covers are – Renewable Term that can be renewed after five or ten years, Decreasing Term that keeps reducing every month by a preset amount, and Family Income Benefit cover in which your dependents will get the benefit in installments.
Saga life insurance provides a protection for your family, in eventuality of your death involving an accident, in its Accident Death Benefit. This is for people who are of 50 years of age and above, who can benefit by paying a small sum of £4 per month, to leave an amount of £25,000 for their loved ones. The good thing is that you do not require medical examination to be eligible and it has an anti-lapse policy in place.
Coop or co-operative life insurance safeguards your family by its range of policies such as Term Assurance, available in both level and decreasing terms, and is the simplest form of life cover. Other features are the Income Benefit Assurance that would render a quarterly income to your family in case you die during the term policy, and Whole of Life Insurance in which a lump sum amount is given in such eventuality, free of any restriction of term or specific period.
Since it is a crucial decision for your family, you need to study and compare the various products available considering all aspects, and remember there are certain policies that you may not be able to change after acquiring. We can help you do that using our professional knowledge and expertise, and find that perfect and right solution for you, based on your criteria. All you need to do is to fill up the life insurance quote and relax.