Life Insurance Quotes

Life Insurance Quotes

Welcome to ELIQ, the Fast, Free and Easy way to compare life insurance quotes from Finance.co.uk. On this site, you will learn where to find the best life cover, and at the same time, you will learn all about the different types of life insurance available to you, from the UK’s best insurers.

When you need any kind of life insurance, term life, whole life or mortgage life cover, it’s good to know you have the tools at hand. Use this free to use quote comparison engine that compares the market for you, it works and it’s easy to use.

Learning About Different Types Of Life Insurance

Life insurance is something that most people don’t really want to think about, let alone talk about. However, you can’t take it with you, as the saying goes and of course, no one wants to leave their loved ones behind without being able to do something to provide for them once they’re gone.

There are many types of life insurance and knowing a little bit about them can help you to make the right decision and gain the peace of mind that you can only have when you know that you’ve done the right thing for your family.

What Is Whole Life Insurance?

As you would expect from its name, whole life cover is a permanent policy (or, at least as permanent as you are). This is a policy which lasts for your entire life and provides a few advantages to policyholders. The premiums remain the same over the life of the policy and most whole life policies are also a type of investment vehicle, since they accumulate value over the years, generally based on the investments made with your premiums by the insurance company.

One of the many types of life insurance are whole life policies which allow the policyholder to decide how much of their money to invest and with where, which gives the policyholder a great deal of flexibility and control over their life assurance and the investment potential of the policy.

What Is Term Life Insurance?

Another of the types of life insurance is term life cover. These policies provide insurance for a fixed period (or term); if the policyholder dies within this period, the death benefit of the policy is paid to their beneficiary. With a basic term life policy, this is really all that the policy does. It’s a no frills kind of life cover. However, there are also term life plans which provide other benefits to policyholders, such as endowment life cover and family income benefit plans.

Endowment term life cover, accumulates value over its life, much like a whole life policy. A family income benefit policy is one which pays a monthly or annual amount to the beneficiaries rather than a lump sum death benefit payment. It is not one of the most common types of life insurance, but it is an option which is a good one for some families.

Serious Illness Life Insurance

Serious illness life insurance is actually a feature possessed by many whole life policies and some term life policies rather than being one of the types of life insurance as such. Serious illness cover provides a benefit to the policyholder in the event that they are diagnosed with a serious illness – though each insurer differs in which illnesses are and are not covered by this benefit.

A serious illness claim may reduce the amount of the death benefit when the policyholder dies in some cases, though other insurance policies pay the full benefit regardless of whether a claim for serious illness has been filed.

These are just a few of the many options available to consumers. There are many types of life insurance and the best way to come to grips with them all is to start looking around this website, doing some research and comparing life insurance quotes from different insurance companies.

Comparing Life Insurance Quotes

We have teamed up with Seopa Ltd, a fully authorised and regulated company that can help with your life insurance requirement. You can use the free life insurance comparison tool right here, to compare top life insurers to find the best cover that suits your needs.