Compare Life Insurance

Why compare life insurance? Simple, to make sure that you get the best life insurance deal possible. Here at Compare Life Insurance we do all the running around so you don't have to. We compare life insurance online contacting all of UK's biggest life insurance providers to get you the best possible deal in seconds.

What is Life Insurance?

Life insurance is a category of insurance which can pay cash to your loved ones if you were to die. Life insurance can be tailored to suit your own unique set of personal circumstances, for example providing protection for a loan or mortgage.

Life insurance is particularly important for people who have families or other financial dependents. If you are the main bread winner and you were to die, how do you think your loved ones would cope? Who would pay the mortgage and day to day living expenses we just take for granted?

In recent years premiums for life insurance have dropped due to far greater competition amongst the life insurance providers. Compare Life Insurance provides instant online pricing, comparing premiums across the life insurance market. It takes less than a minute to compare life insurance quotes to find the best deal for you.

Term life insurance is generally purchased with an interest only mortgage, the level of protection is often referred to as the 'sum assured' and remains constant over the term of the loan. Decreasing term life insurance is normally purchased when a capital & interest or repayment mortgage is desired. The key difference being, that a decreasing term life assurance policy sees the sum assured reduce in line with balance of the mortgage, and is therefore cheaper than level life insurance.

When comparing prices between life insurance providers, it is important to note if the premium you pay is of a guaranteed or reviewable nature. If the premium quoted is guaranteed then you have the peace of mind in knowing that your premium will not increase over the term of the policy. Reviewable policies in most cases leave the insurer the option to increase your premium if they so wish. Please be aware that some policies which appear much cheaper than the rest of the market may have special conditions where your premium increases every year in line with age. Other contracts sometimes called 'accelerator' start off with a very low premium, but can escalate by as much as 3% of premium every year for the first 10 policy years.

Another very popular form of term insurance is critical illness insurance. This form of health insurance is designed to provide protection against serious illness, for example stroke or cancer. It is generally far more expensive than standard life insurance, due to the fact that from a statistical standpoint the risk of claim is far higher from the insurers' experience in claims. At Compare Life Insurance we also review, compare and price this additional bolt on term policy.