Best Life Insurance Made Easy

Where to go if you are looking for the best life insurance?

Life insurance has come a long way since its inception way back in 1583 when a person by the name of William Gibbons became the first-ever recorded person to receive a life insurance policy. Without a doubt, London is still regarded as the most prominent location for best life insurance policies, ever since its high profile as an insurance hub during the 1700s. The following decades witnessed the life insurance market developing rapidly and globally to meet an ever-growing demand.

Initially, a luxury for the very rich, especially amongst professional circles of doctors, lawyers, clergymen and teachers. By 1850 in London alone there existed 180 life insurance companies. surely a testament to the recognised importance of life insurance within the UK.

A few terms that have kept their significance over the hundreds of years of life insurance:

Policyholder – The person who ultimately owns the life insurance policy. The policy is to insure himself and possibly someone else under the terms of his or her policy. For example, a husband may take out a life insurance policy to protect both himself and his wife, but he remains the policyholder.

Insured – The person whose life remains protected under the terms of the life insurance policy. Again, this can be more than one person, but usually, the insured and the policyholder are one person.

Beneficiary – the ultimate recipient of the benefit of the insurance policy as named by the policyholder. Most often, this is the wife or husband of the deceased, but often it can be a charity, an organisation or a child. It is possible to have more than one beneficiary of a life insurance policy.

Premiums – the payments that fall due to ensure the life insurance policy remains active and in force. More often, premiums fall due each month, but some policies allow the insured to make annual payments. It is essential to ensure prompt payment of premiums, to keep the policy in force.

What is the best life insurance policy today?

Today life insurance has grown to meet the demands of a nation of fit and healthy individuals, living for more extended periods, which is excellent news for premium affordability. Life insurance is no longer the domain of the rich. Premiums are easily affordable by everyone provided they meet the required criteria for age, lifestyle and fitness. In other words, the younger you are, the healthier you are, do not smoke, drink excessively or take part in dangerous activities, you can expect premiums to be very low!

The only question remains for many is, “what type of life insurance do I need?”

With a myriad of life insurance policy categories, providers, terms and options, it can be worrying and confusing when trawling the internet. However, this need not be the case if you use trusted and professional advisors specially trained to navigate the market on your behalf.

We have already discussed in detail the best life insurance policies available on the market, from the cheaper option of fixed-term life insurance to cover a mortgage or other debt, and a whole of life insurance policy, a less popular and more expensive option. However, today we thought we would highlight a particular aspect of life insurance that many find incomprehensible:

Increasing Term Life Insurance

Increasing term life insurance policies increase alongside inflation and rising living costs in line with the Retail Price Index. It comes with a variety of options depending on personal circumstances. It is essential to bear in mind that, even though this is an excellent type of life insurance, it may be expensive in the long term, as premiums will also increase in line with inflation. Increasing term life insurance is attractive to those who own vast estates, where future running costs and maintenance require thoughtful attention.

For most people with families, a mortgage and normal day-to-day living expenses, the popular and affordable option is the fixed-term life insurance policy.  This type of fixed-period policy set, for example for 25 years, provides maximum peace of mind for those years that the children are growing and the mortgage payments fall due each month.  A fixed-term life insurance policy can also be tailor-made to budget in other factors including for example debts, savings, college funds, and the usual day-to-day household expenses.

Whatever type of life insurance you eventually plump for, you know you are helping your loved ones cope in the devastating possibility of you passing away; whether through illness or an accident.

Life insurance brings peace of mind, knowing that dependents can take some comfort from the trauma of losing someone they love by avoiding the additional loss of the financial security that the loved one brought to the family.

Complete our fast and straightforward form to receive some expert and friendly advice today on what type of life insurance is the best for you.


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Protect finances – combine best insurance policies

Need help to find the best life insurance policy?

Are you worried about life insurance and wondering “what is the best life insurance policy?” Perhaps circumstances in your life have changed, a loved one is suffering from serious illness or injury, and it has made you think about the future. What would happen if you lost a member of your family or, more importantly, your family might one day lose you? It does not bear thinking about, but protecting dependants with the best life insurance policy, ensuring they can move on in the event of losing a parent or partner is a topic worthy of a discussion.

Our focus is to help find the best life insurance to suit you

Our team of qualified and experienced advisors can talk you through, and tailor-make a policy to suit your budget and personal circumstances. The small cost for peace of mind will help you and your family in situations where additional financial support will help cover difficult times.  So let’s discuss what are the best life insurance policies out there and which one should you pick.

A life insurance payout in the event of death goes a long way to provide financial and also emotional support.  A surviving partner need not worry about the financial aspect of losing a loved one; a payout can help alleviate a range of difficulties including expensive funeral arrangements, ongoing mortgage payments, debts, and day to day living expenses including household bills, savings and food shopping.  When dealing with the grief of losing a husband, wife, partner, mother, father, worrying about finances can add an untold amount of stress.

Different types of life insurance to suit your budget

With a multitude of quality life insurance policies to choose from depending on your needs and budget, the options are unlimited and flexible from fixed-term life insurance – an affordable extra investment to fit neatly in conjunction with other financial obligations – through to more expensive options such as a whole of life insurance. Budgeting for affordable monthly premiums will provide the security of a life insurance policy without putting you under financial strain.

We advocate looking into other financial protection measures and carrying out a full costing of outgoings to ensure loved ones are fully protected in the sad event of you passing away or, more commonly, falling ill or suffering an injury.

For the best insurance consider combining life insurance with critical illness cover

Critical illness cover and income protection combine very neatly with a life insurance policy to ensure that you have full coverage. In the event you fall ill with one of the listed critical illnesses, including heart attacks, strokes and many types of cancer, you can cope financially. We have discussed previously the notion of “sickness denial syndrome” where many people feel that they will never fall seriously ill. Imagine being forced to take a prolonged work break due to an injury or sickness. It is essential to consider what will happen to incoming and outgoing finances in the event you fall to one on the list of serious illnesses. Losing the ability to work for a while may seriously affect mortgage payments and day to day living.

Such a financial headache will result in extra stress and anxiety at a time when you should be concentrating on fighting to beat sickness and recuperating. Statistics show that hundreds of thousands of people find themselves unable to work due to critical illness or injury and worrying about the financial consequences. It need not be the case. With a range of policies to protect people, you can combine health insurance, critical illness and income protection with your life insurance policy.  With cover, you are keeping your finances healthy until you too can get fit and back to work again.

Get in touch to discuss the best life insurance advice and quotes

Speak to one of our financial advisors to find out what type of policies you can combine to protect your finances in any scenario. We will talk you through the various insurance cover options, discuss the costs of these and help you decide the best choice for you.

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