- FOR LIFE INSURANCE

Life insurance in the UK

The UK life insurance sector is huge. There are, quite literally, thousands of different types of companies all offering various types of life insurance UK products for us to buy. It's no wonder that so many of us are bamboozled by the sheer volume of choice that we now have!

Don't get me wrong - it's always good to have a lot of choice when you're looking to buy something. Without this kind of choice you would end up paying more than you need to for your policies - basically, choice leads to price competition which means that you will save money on your UK policy premium costs in the long run.

What to buy

Your basic life insurance UK choices can be divided into two main categories. Firstly, you can buy what the industry calls 'term' products. These are the most common forms of life insurance sold in the UK today and are the ones you have probably heard of. Buy one of these products and you'll take out a specific policy for a particular length of time (for example, 5, 10, 20 or 25 years). You'll have cover for the number of years you choose but your cover will also only last that long before it expires.

The other main category is called 'whole life' insurance. Basically this kind of policy is taken out to last you for your whole life and won't expire at the end of any period. So, you'll be guaranteed a policy pay-out no matter when you die (as long as you keep paying your premiums that is!).

Seems like a simple choice? Well, that part of it is but you have more options to choose from (just to confuse you a little bit more!). You can take out policies, for example, where the pay-out decreases in value over time. You can link policies to your mortgage. Or, you can take out life insurance UK products that will give an income as a pay-out rather than a lump sum. And, you can index-link your policies to maintain cash value.

Where to go

The chances are, if you've never bought a life insurance UK product before, that you'll just go for the path of least resistance and buy a term assurance policy as it will be the one you know most about. This won't cause you a problem - but it may not be the best solution for you. To put it bluntly, you might be better off (or your family will!) if you tailor your policy to your actual needs rather than going the easiest route.

Luckily, we can take out all the work that's involved here and help you make the right choice. Our specialist brokers have years of experience in the life insurance UK sector and can give you spot-on advice to make sure you get the best policy for your needs. We also automatically make sure that you get the best value for money no matter what type of product you want to buy.

We have built a comprehensive database that covers the entire life insurance UK sector. Once we've helped you decide what you want we can then show you where to go to get it at the lowest cost - just because we look at ALL of the options open to you right across the UK. Plus we can also guarantee you additional cost savings. We make sure that you get back any broker discounts we get from the company you ultimately choose - there isn't an easier or cheaper way to get the insurance you need.