UK Life Insurance Facts

This is not the reason insurance was developed and the system was not designed to cope with this kind of

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Can I get an Instant Quote for Life Insurance?: No - not through this website, because we believe that to get the right life insurance, you need to talk to a professional.
What is the difference between a Guaranteed and Reviewable life insurance policy?: With a “Guaranteed” policy the Life Company guarantees that it will never increase the premium.....
Will my medical history affect my life insurance premium?: Yes it will. When an Life company decides how much to charge you, it works out the statistical chances of you dieing within the term of the proposed policy
How is a claim made under a life insurance policy?: All claims are made against the Life Company who issued your policy. You will find details of the claims procedure within the policy documents they provide with your policy and in the key features document.

speculation. Therefore the rule developed that you could only insure the life of someone you had a real interest in surviving. There is also the public policy issue that it would be tempting to some people to insure strangers and then make sure they died soon.

The insurance policy will have two important details defined right at the outset. The first is who is to be paid out under the policy. While this seems ( secured loans ) obvious, it is important to think carefully about it as, unlike in most insurance contracts, the purchaser of the policy is rarely the beneficiary under a life insurance policy.

The second is the amount to be paid out on to occurrence of the event. It must be remembered that this is also subject to the rule of insurable interest and therefore you cannot ( cheap life insurance ) have a policy on your life for more than your life is reasonably financially worth. Since the premium is partially calculated on the amount of the payout, you will simply be paying for more insurance than you can receive. Therefore be honest with how much you earn and how much support your providing to your family so that the premium will be accurately assessed.