UK: Surprising Truth Every Family Must Know About Life Insurance
One surprising survey and two discount opportunities reveal that life insurance may be more affordable than many realize. This is the important rule to follow to make sure your family is covered in an accident or tragedy.
When one doesn't have life insurance, many children find they are forced to pay at least the "cost of dying," which is £9,204. This amount includes a basic funeral, send-off, and administration fees.1
If you don't have the funds to cover funeral costs, you may choose a whole life plan. This plan can also provide cash during retirement. This is helpful because the government doesn't cover funerals and government pensions are unsustainably low.
To go above and beyond: create a legacy, provide for your family, ensure your children get the best education, and pay off debts... with up to £200,000 in term coverage. This is key if you want to provide a lot but pay a little.
In one year, the Association of British Insurers found that over 25,000 people claimed an average of £51,500 on the most basic form of life insurance.
Here's the good news: there are many life insurance options for those under 70 years old and large discounts for those that don't smoke. There are life insurance companies offering coverage right now for single adults, children and full families–requring no medical exams. And, monthly costs are as little as a few pounds for adults and for children.
There are dozens of life insurers – Which will give you the best rate?
Some sites have brokers that compare only a few providers. In this comparison, you compare the whole of the market–this means you get access to all life insurance providers and their rates.
Step 1) Select your age below.
Step 2) On the next page, complete the 60 second questionnaire, and you'll have the opportunity compare the best rates in your area to possibly save hundreds or thousands.