Guide to choosing Life Insurance
Do you need Life insurance?
If anyone relies on your salary or your time and you do not have sufficient life insurance cover with work then you should look at getting life insurance.
Decide on the type
Look at the types of insurance and decide which one is most appropriate for your circumstances.
Calculate your cover
You need to calculate the amount you want to be paid out to your beneficiaries, getting insurance for less than is needed will impact your loved ones when you are gone, but you do not want to pay for more cover than is necessary.
Decide whether to place it in a trust
If you put your life insurance in a trust your beneficiary it will not contribute to the inheritance tax limit (£325,000). Also you can usually claim on the insurance before probate has been granted.
Purchase your life insurance
Check the quality of the insurance through reviews and defaqto ratings. You can check comparisons sites for the best prices. Ensure that your beneficiaries know where to claim for the insurance.
Critical illness insurance
Death in service benefits
Term Life insurance
Increasing term insurance
Decreasing term insurance also known as Mortgage life insurance
Tools & Resources
Life insurance Ratings
Independent insurance rating agency
Trustpilot life insurance reviews
Reviews from customers