LIFE INSURANCE
QUOTE GUIDE

 Life Insurance UK

 Life Insurance USA

 Life Insurance  Canada

A Life Insurance Quote can easily be found online; if you wish to find life insurance quote then you have come to the right place. Simply select one of the countries from the life insurance quote list above to get an instant online offer. You can use this facility as many times as you like - absolutely free of charge.

These policies are often available with various options to the policy-holder. The most common ones are:

Guaranteed Premiums

Guaranteed premiums ensure that the value of a policy-holder’s premiums remains constant throughout the duration of the policy term. The exception would be if the policy-holder opts for index linked cover, where the premiums rise in accordance with the government’s Retail Price Index. Guaranteed premiums protect the policy-holder from unforeseen rises in premiums which may arise following claims, or other market trends. Initially, guaranteed premiums might appear to be the most expensive option, but it is important to view the long term, where a guaranteed premium scheme may prove to be cheaper than the alternative, which is a reviewable premium scheme.

Reviewable Premiums

The alternative to a guaranteed premium scheme is a reviewable premium scheme. This requires the premiums to be reviewed on a periodical basis, usually every five years, meaning that there is a significant chance of a policy-holder’s premiums changing dramatically following review. Companies will often try to entice applicants into a reviewable premium scheme by advertising it with initially lower premiums than a guaranteed premium scheme. The pitfall comes when premiums are reviewed and are often subject to increase dramatically at the company’s discretion.

Index Linked Cover

The level of cover increases in line with the Government's Retail Price Index, during the term of the policy. Index Linked cover will result in the policy-holder’s premiums to increase by a similar proportion to the Retail Price Index. Some companies may use methods of indexation alternative to the retail price index. This will be specified in the policy’s terms and conditions. The alternative to index linked cover is to have “Level Cover”, meaning that premiums and benefits are fixed from the outset.

Waiver of Premium

If a policy-holder wants the option to suspend premium payments while receiving benefits under a policy claim, a “waiver of premium” is the solution. The policy will continue to be active while payments are suspended, and when the policy-holder returns to work the premiums, the policy and the protection available from it are fully reactivated.