Frequently Asked Questions Click to obtain a UK life insurance quote

How can I get life insurance quotes in the UK?

How you go about getting a life insurance depends on the type of life insurance policy you are hoping to buy. Life insurance is a very complicated subject and this is reflected in the quoting system. Very, very broadly speaking, there are three main types of life insurance: whole life insurance, term life insurance and mortgage protection life insurance. In addition there policies which combine some of the above terms, such as a mortgage protection term life insurance policy or include extras such as critical illness cover. 

Usually, whole life insurance (also known as permanent life insurance) policies are far more complicated to set up than term life insurance policies. The result of this is that many insurance companies will not provide online quotes for whole life insurance policies as they are quite simply too complicated. In this case you will need to deal with an insurance broker who will hopefully be able to find you the best deal. You must be aware that some insurance brokers are totally independent and can therefore truly offer you the best insurance plan for your requirements whereas others may have business connections with a particular insurance company and may consequently be more inclined to sell you a policy from that company. The broker will receive a higher commission from the company that they have struck a deal with, but this can sometimes be a good thing as they might be willing to offer you a percentage of that commission in the form of lower premiums. 

As a general rule, term life insurance policies are cheaper and simpler to organise than a whole life insurance policy. Therefore quotes are more readily available on the internet for term life insurance policies and the majority of life insurance companies who offer any online services will offer a term life insurance policy quote over the internet. In order to find the best deals you should check out a price comparison website such as Websites such as this provide you with details about the latest life insurance policies, leaving you in a better position to know which companies you want to obtain quotes from. 
Sometimes you may be able to obtain a quote over the internet but you will be required to complete the policy over the phone. Companies that only ask the bare minimum of questions in order to obtain a quote often fall into this position and whilst it might seem great news that you can get the quote so easily you will probably have to go through a further series of questions when you ring the insurance company. 

In order to obtain a life insurance quote you will need to have access to the following information: your doctor’s details, information on your drinking/smoking patterns, height/weight, information about illnesses or injuries that you may have, family history, possibly information about your career or interests and your bank account details. You will also need to know how much cover you will need. This figure is a calculation based on how much you would like to leave to your beneficiaries plus any of your outstanding debts or known expenses such as mortgage repayments or an allowance for your children’s education. Of course there are many factors that need to be taken into consideration, but if you are to get the right life insurance policy and therefore the right quote you will need to have thought about all this before obtaining a quote.


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.

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