Compare Life Insurance Quotes
If you need to compare life insurance prices, simply get a quote by clicking 'get a quote'. Life cover is simply peace of mind that if you were to pass away, your family will be taken care of financially. Of course, there is also cover available which can cover your mortgage payments or even cover you if you were to be diagnosed with a serious illness too. To get quotes, simply fill in some basic details and compare the prices of the insurance policies online.
Who needs life insurance?
Anyone who wants to ensure that their loved ones would be taken care of if the worst was to happen to them should consider taking life cover.
Single people:- Everybody has a different situation in life, but if you are dependent on your wage you may look to protect yourself if you were unable to work due to accident or illness. From a car accident to serious illness, you can find cover to help ensure that your expenses would be covered every month including:
- Mortgage or rent
- Utility bills
- Loan repayments
Looking out for yourself and your loved ones can be as simple as a small monthly fee.
Those in relationships:- If you are married or not, rest easy knowing that if something was to happen to you, your other half would be protected. If you and your partner are reliant on each other for money, i.e. your bills and lifestyle are covered by two wages then you may worry about what would happen if you were to fall ill and be unable to work for some time or what would happen to your partner if you passed away. Life insurance cover can help you with:
- Your mortgage and rent payments
- Payment on regular bills and direct debits
- Ensuring any additional loans you have are taken care of
- Helping your partner maintain their current standard of living
Those with children:- Protecting your family and their finances can carry on in the event of your death or a serious illness. If you are responsible for ensuring your children have a good upbringing in a safe and warm environment, you would rest easy knowing that even after your death, you had secured an excellent future for them. If you were to be diagnosed with a serious illness, the last thing you would want to worry about is ensuring the family can afford to pay the bills and day-to-day expenses that come through the door every month. With life insurance, you can take that stress away.
When you are older:- You may be worried about how to cover basic costs such as bills if you were hospitalised or passed away unexpectedly, but finding the right life insurance cover could be the answer to your worries. Who would cover the running costs on your house if you were taken into hospital? If you were to fall ill or pass away, would your family be able to pay the bills or even for a funeral?
Why use Insurance1.com?
Save time - By filling in one form, you can compare prices from across the market meaning you don’t have to spend hours filling in various forms for different companies.
Get great cover - There are various levels of life insurance cover available which are detailed below in our types section. Plus, all of the life insurance panel featured on the forms are authorised and regulated by the Financial Conduct Authority and are specialists in their field. You should feel safe that you are being looked after.
Excellent value for money - Rather than paying over the odds for cover, by comparing the policy offerings available to you online you can save money and choose the right product for your needs.
What types of life insurance cover are available?
Life Only – Policies that pay the agreed amount if you die during the policy.
Critical Illness Cover – These policies pay out if you are diagnosed with a serious or critical illness such as cancer during the term of the policy. They tend to have a minimum term of 5 years, and maximum of 40.
Mortgage protection insurance – This covers your mortgage payments if you were to die during the policy term. This is also known as decreasing term life insurance as the amount of cover decreases over the years that you pay your mortgage back. This often has a minimum term of 5 years and maximum of 40. Many mortgage brokers sell mortgage protection cover but you are often best searching the market before taking the cover they suggest.
Whole of life cover (Pure Protection Only) – This type of policy can cover the policy holder for the entirety of their life and pays out a lump sum upon the holders death.
You can take policies that cover you and your partner. Once the policy pays out after the death of one policy holder, the policy ends. It can often be a cost effective way of taking life insurance for two people as it pays out once where as two individual policies would pay out twice.
Do I need to take a medical?
Some policy providers will require you to undertake a medical, whereas some may be happy without. There are a few policies on the market that require a GP referral and will ask to make contact with your GP prior to the life insurance policy being taken out. It is best you check the policy wording when choosing a policy that is right for you.
How much cover do I need?
You are best ensuring that cover will pay off any of your outstanding debts such as mortgages, credit card bills and any other amount that would help your family or partner cover the costs of their lifestyles if you were not able to provide a monthly wage. For example, do you and your family life off two wages? If so, your family may struggle to maintain the lifestyle they lead without your income so make sure you take this into consideration.