WHAT IS LIFE COVER?

Life Cover (also known as Life Insurance or Life Assurance) is an insurance policy whereby the policy holder (the insurance company) agrees to pay out a sum of money to the policy holder's benificiaries in the event of their death or them becoming terminally ill. The benefit of life cover is the peace of mind that it brings with the knowledge that your loved ones and family will be provided for should you die.

There are two types of Life Insurance cover available, 'Level Term' and 'Decreasing Term'. Level Term insurance is designed to pay out to your loved ones if you die, to take away the added worry of financial difficulty at such a distressing time, and, depending on the level of cover, to provide a secure financial future for them after you are gone.
As the name suggests, this type of insurance pays out the same amount no matter when the claim is made within the term of the policy. Decreasing Term life insurance is designed to pay off your outstanding mortgage balance when you die. The amount paid out by this type of policy decreases as the mortgage is paid off over time.

As a leading broker, Life Insurance Quotes UK will search through the market, comparing 400+ insurance policies to ensure that you get the very best deal available. Cover may cost as little as £3 per month, and we work with all the major UK insurance companies like:

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