Life Insurance doesn't need to be complicated, at QuoteSearch we make it simple. We've broken down the most asked questions so it is easier to digest.
Life Insurance pays out a cash sum if you die during the length of the policy. This could be used to help pay the mortgage or bills when you are no longer there.
Premiums can be paid monthly or annually to suit your budget and you can also get a joint or single policy, depending on your situation. Life insurance with guaranteed premiums stay the same unless you alter your policy.
The answer to this question depends on who and what you want to protect - and, just as importantly, what you can afford each month. If you want more cover, expect to pay higher monthly premiums.
Life insurance normally costs less when you're younger. If you get cover early, your premiums will be fixed at that lower rate - even as you get older and your health changes. Typical life triggers for getting life insurance include buying a home, getting married, losing someone close to you or having children.
The cost can be based on (i) how much cover you need; (ii) the length of your policy; and (iii) any extras, like critical illness cover. Your consultant will ask you a set of questions, so they can organise your quotes.
You buy life insurance based on your priorities at that moment in time. Your circumstances could, however, change. You may move to a bigger home or have more children; in which case your cover may not meet your new needs.
Reviewing life insurance on a regular basis is a good idea. QuoteSearch can still help if you have cover. Why not fill out our simple form, then chat to a consultant.