There are many life insurance comparison websites to choose from which can compare quotes from the majority of the major life insurance providers. The thing which you need to be sure of is that you are comparing like with like – there are a few different types of top 10 life insurance companies so you need to figure out which best suits your needs before you start your comparisons.
Life Insurance – Level Term – which basically means that if the insured person dies within the lifespan of the policy the life insurance company will pay out the pre-determined amount.
Life Insurance – Level Term with Critical Illness – this type of life insurance policy will pay out the agreed sum if the insured passes away or is diagnosed with a critical illness within the lifespan of the policy.
Life Insurance – Mortgage protection – the amount of cover you get on this type of life insurance policy will reduce as your mortgage is eventually paid off. With this type of life insurance comparison with level term insurance is not really possible.
Life Insurance – Mortgage protection and critical illness – again this type of policy reduces as time goes on if the insured person either dies or is diagnosed with a critical illness.
Life Insurance Comparisons
Remember when you are checking any life insurance comparison websites that:
- You have chosen enough life insurance to cover all of your outgoings and debts
- That the premiums for the policy are fixed for the entire term of the policy
- That your chosen life insurance policy will be put in trust so that any future pay-outs won’t be hit with a hefty inheritance tax
- That you have done sufficient life insurance comparison to find the best one for your circumstances
Life insurance is vital for peace of mind and there are plenty of life insurance comparison websites to choose from – so choose carefully.