When should you buy life insurance ?
Life insurance is one of the most important types of insurance you can get, although many people
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- Can I get an Instant Quote for Life Insurance?
- No - not through this website, because we believe that to get the right life insurance, you need to talk to a professional.
- If my life insurance policy is “Rated”, what does this mean?
- If your policy is “rated” it means that the insurance company believes you represent an above average risk of a claim.
- Will I get charged more as a smoker?
- Yes you will. But first let us give you the usual Life Company’s definition of a smoker:
- Complaints about a Life Insurance Adviser
- All the Life Insurance Adviser aqre now regulated by the Financial Services Authority.
don't get it early enough or have inadequate cover. If you don't have life insurance yet or you are not sure if your policy is good enough, then there useful tips will help you to decide when and what type of life insurance to get:
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How much insurance?
Although life insurance is relatively cheap, most people don't have an adequate level of cover. You might think that £100,000 of cover for a few pounds a month seems good, but £100,000 is not that much. Although a payout of £100,000 might seem like a ( mortgages ) lot of money, that money might have to support your family for the next 15 or 20 years. Many people simply do not have an adequate level of cover to support their families after their death.
Working out how much you need
If you are looking for life insurance, then the best way to work out how much cover you need is to work out the amount your family needs to support them each year, and then multiply this by 25 to allow for tax over 15 or 20 years. This is the amount of cover your family would need to support their current lifestyle for a significant period of time. Obviously, the amount ( secured loans ) you need also depends on how much you can afford. Generally, the more you can pay the better.