Frequently Asked Questions Click to obtain a UK life insurance quote

Where can I find information about a life insurance rate?

One of the most important aspects of choosing a life insurance policy is the rate that is set by the insurance company. This will determine the monthly cost of your premiums and is a calculation based on the amount of cover that you require. Some insurance companies publish their current rates on their websites and also show you how their rates are lower than those of their competitors. Great news Ė except the website wonít point out all those companies who offer lower rates! 

Life insurance is a very complicated and intricate subject, but there is no reason for prices to vary as much as they do except that many customers donít do their research well enough and often end up paying far more than they need to for their insurance policies. The result is that insurance companies will continue to charge high end prices as long as customers pay them. Very broadly speaking, the premium rates on two insurance policies offering the same level of coverage can vary by as much as 50% - no laughing matter when it comes to investments of thousands of pounds. All it takes is a little time to look around and you will save yourself a great deal of money so make sure you donít just take the first policy that you see. 

It is easy enough to find out the rate on a life insurance policy once you have a quote, but this can take up a lot of your time if you obtain a quote from 10-15 different companies especially if you have to obtain the quote over the phone. Thanks to the internet it is now easier than ever to obtain quotes with the minimum of effort. You can use a quoting service to obtain quotes for you automatically Ė all you have to do is enter your details once into their system and their engine does the rest. Alternatively you can look at comparison sites such as www.moneysupermarket.com, where you will be able to find a comparison of the rates on life insurance policies. You can also obtain quotes through this website but if you are only after basic information at the moment then it is best to just look for a comparison page. 

You can sometimes find information on rates in financial sections of newspapers and magazines. They will normally base their information around a nice round figure of £100,000 for the level of coverage with different rates shown for different types of people, for instance a non smoking female aged 25 or a 58 year old smoking male. Of course there are many other details that will affect the rate of your life insurance policy but it is good to see this basic information especially in the early stages of your research.

 

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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