Where can I find a life insurance quotation?
In order to find a life insurance quotation you must first of all know which type of life insurance policy you are going to need. This is extremely important as there are many different types of life insurance policies to choose from and choosing the wrong one could cost you many thousands of pounds. In the very broadest terms there are two types of life insurance policies from which all other types are derived. These are whole life insurance and term life insurance policies.
Whole life policies are policies which last for the duration of your life and can therefore be thought of as a life assurance policy rather than a life insurance policy. This is because the life insurance company will pay out upon your death whereas with a term life insurance policy this is not guaranteed. Essentially you have to die within the term of your insurance policy to receive a pay out if you take out a term life insurance policy. If you outlive your policy you wonít receive any benefit. Therefore the timing and the duration of the term of a term life insurance policy is critical.
These days you can find quotes for life insurance policies over the internet as well as by phone. Term life insurance policies are usually those that are offered online as whole life insurance policies can be very complicated and intricate Ė too specific for a computer to figure out! Therefore if you are looking for a whole life insurance policy you will probably only be able to do this over the phone or through an insurance broker. We recommend that you deal with a broker so that you donít make any mistakes and have a better chance of getting the exact policy that you require. Some insurance companies will offer online quotes for both term and whole life insurance but you have to complete the policy over the phone. Again this is to stop you from making a mistake and to ensure that you get everything that you want as part of your policy.
The cost of life insurance policies can vary enormously, so it is absolutely vital that you keep looking until you are certain that you canít find a better quote anywhere else.
Disclaimer: The information contained on this page is not intended, nor should it be construed as providing any form of financial advice or guidance as to which insurance product/policy is right for you. If you are unsure as to which product meets your requirements/needs you should always seek advice from an Insurance Professional.