Find the best life insurance – moneyfacts.co.uk

Find and Compare Life Insurance

  - Compare the best life insurance cover from ActiveQuote.
 
Find the right life Insurance policy

• Critical Illness Cover available
• Lump sum benefit free of income and capital gains tax
• Joint cover available for you and your partner
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Life Insurance
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Moneyfacts.co.uk has chosen ActiveQuote to offer a life insurance comparison service. Any legal or contractual relationship will be with ActiveQuote.

Insurance quotes are shown in price order, cheapest first. You should also compare the benefits of the policies shown to make sure the insurance covers all your needs.

How does life insurance cover work?

Life cover is a type of insurance that pays out a lump sum or income if you die while the policy is still in force.

Most commonly life insurance cover is taken to ensure your mortgage will be repaid, so that your family can afford to continue to live in your home. You might also set up a policy to protect your loved ones; for instance, to provide enough money for your family until your youngest child reaches adulthood.

Life insurance is usually for a set term – to coincide with the length of your mortgage, or a life event (your youngest child’s 21st birthday, for example). If you die within the term, the policy will pay out; however, if you survive the term, you don’t get anything back.

The cost of your life insurance policy can be paid monthly or annually.  Be sure to keep up your payments – if you miss one, your policy may be placed “off risk” which means you’ll have no cover. Life insurance providers sometimes offer a “premium waiver” which pays your premiums if you can’t work due to ill health.

Life Insurance from ActiveQuote

Protect your home, family and lifestyle with cover that pays a lump sum of money, providing financial stability to you and your dependents.
Whether you're looking to cover a mortgage and loans, or provide your loved ones with a financial safety net, ActiveQuote can give you quotes for term life cover from a range of life insurance companies.

Key features:

Things to remember:

  • Pay monthly or annually
  • Lump sum benefit free of income and capital gains tax
  • Flexible cover
  • Joint cover available for you and your partner
  • Easy application process
  • Add Critical Illness cover for added protection
  • You are only covered for the term of the policy
  • If you stop paying your premiums your cover will be cancelled and you will get nothing back.
  • The amount and type of cover you need will depend upon your personal circumstances
  • You should never cancel an existing policy unless a replacement has started
  • A trust could help you protect the lump sum benefit from inheritance tax

To help you compare the best life insurance rates and monthly premiums, we’ve put together Life Insurance Best Buys for both smokers and non smokers (based on a 35-year-old needing £100,000 of life insurance over 20 years).  This will give you a great idea of the best life cover available and what you could pay. 

Obviously your circumstances could be quite different to the scenario we use, so don't just opt for the cheapest life cover as this may not be the cover you need.  That’s why we've teamed up with ActiveQuote to offer you the opportunity to get the best quote for your needs.

By completing a short form you can get a personalised life quote. It doesn’t take long and a few minutes spent now could benefit your family in the years ahead. 

What type of Life Insurance do I need?

Level Term Decreasing Term

A cost effective way to provide financial security for your loved ones.

A practical way to provide cover for a repayment mortgage & other loans

 
Benefits
Benefits
  • The amount of cover you receive will stay the same over the duration of the policy.
  • If you die before the end of the policy, a lump sum is paid to your estate, or into trust if you have arranged it that way.
  • The money can be used in any way your beneficiaries wish, but it is usually used to ease the financial loss death can bring to a family, by paying for ongoing living costs.
  • Terminal illness benefit may be added to the policy free of charge.
  • The amount of cover you receive decreases over the duration of the policy, in line with the reduction in the amount you owe on your repayment mortgage.
  • Less expensive than level term cover.
  • If you die before the end of the policy, a lump sum is paid to your beneficiaries to pay off your outstanding mortgage.
  • Terminal illness benefit may be added to the policy free of charge.

Under no circumstances should you cancel an existing life insurance policy until a new one has been arranged. ActiveQuote Ltd is authorised & regulated by the Financial Conduct Authority

 
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