Life Insurance may be used to protect your family or your business in the event of your death; and critical illness insurance could help provide financial stability in the event of serious illness.
There are many reasons to purchase a life insurance or critical illness insurance policy...
Protecting your family financially should the unexpected happen is the main purpose of Life Insurance... having a lump sum available to:
At theidol.com, our aim is to provide some of the most competitive life insurance quotations available. We share our commission with you, the customer. We do this by sacrificing a percentage of our commission, which will reduce your premiums throughout the term of the policy.
When buying a life insurance policy you choose the amount you would like the policy to pay out in the event of a claim. The amount can either be 'level' so it stays the same for the duration of the policy or it can decrease in line with a repayment mortgage if the cover is specifically for that purpose.
You also choose the duration 'term' of the policy. The policy will only pay out if a claim is made during this term which you may choose to align with the length of your mortgage or perhaps until you retire.
These are examples and it is important the duration or term you choose is suitable for your needs. You will pay for the policy (normally on a monthly basis) for the full duration of the policy term.
The life insurance policies compared by theidol.com can be for either a single life or joint lives. In the case of joint life policies (where two people are covered) the policy will pay out for the first claim only.
|Cover Type||Single Life||Joint Life*||Critical Illness Option|
*With a joint-life policy the payout is on the first event only.
Critical Illness cover can be purchased alongside life insurance to provide cover in case of a specified serious illness, we offer two different ways to purchase critical illness cover, more details of which are available on our critical illness page