Life cover, otherwise known as life insurance cover, is a type of insurance policy that will pay your family a lump sum of money in the event of your death. With ActiveQuote, it is easy to compare best life cover quotes online in less than two minutes from leading providers to find a UK life insurance cover policy that suits your budget.
Life cover policies can be tailored to fit every stage of your life, whether you are single, have a young family or are over 50. Just let us know what you are looking for and our comparison system will compare best life cover quotes from across the market.
Why would I need Life Cover?
Whilst having life insurance cover is not a legal requirement, it is chosen by many people who want peace of mind about their family’s finances. If you were to pass away unexpectedly, the loved ones you leave behind may struggle to meet mortgage payments and other monthly outgoings. With UK life cover, they will have a lump sum of money to fall back on.
Single and Independent
If you are single without any young children, it is true that you may not need the same level of life insurance cover than if you had children to look after. However, you may still want to compare online life cover quotes to help meet funeral costs.
If life cover does not appeal but you still want to be financially protected, then an income protection policy may be more suited to your circumstances. Income protection will replace part of your income if you cannot work because of accident or sickness.
Family Life Cover
If you have a family, life insurance cover may be a valuable investment for the future. Bringing up children can be very expensive, so what would happen if you lost your main source of income?
But life cover quotes are not just for the breadwinner of the family. In fact, it can cost a fortune to replace a housewife or househusband. Take a look at our family life insurance page for more information.
Over 50s Life Cover
Over 50s life cover insurance does not take into account medical history, so for people over 50 with a complicated medical past this type of life cover quote could be ideal. Most people are guaranteed to be accepted for over 50s life cover insurance if they are between the ages of 50 and 80 and a UK resident. For more information, read our over 50 life insurance page.
Will Life Insurance cover my mortgage?
Most homeowners compare online life cover quotes policy to help their family pay off the mortgage if they were to die unexpectedly.
Term life insurance is the most popular type of life insurance cover. With term life cover, your policy will pay out if you die before a set date- for example when your mortgage is due to be paid off. There are two types of term life insurance cover: level term and decreasing term.
- Level Term: The amount of money paid out stays the same over the term of the life cover insurance policy.
- Decreasing Term: The amount of money paid out decreases over the term on the policy, in line with a repayment mortgage.
If you do not die within this time period then your UK life cover insurance will not pay out.
How expensive are Life Cover UK policies?
The cost of life cover will vary depending on the type of quote you choose. For example, whole-of-life insurance will be more expensive than term life cover, because the insurer is guaranteed to have to pay out. The cost of life cover insurance will also depend on how much money you want to be paid on your death- the lower the sum, the cheaper the premiums will be.
Your personal circumstances will also affect the cost of your life insurance cover policy. If you are a smoker you will pay more because you are a higher risk to the insurer. The same applies to age- the older you are the more expensive your life cover premiums will be.
Compare Life Cover with ActiveQuote
Whatever your circumstances, by using ActiveQuote's life cover comparison you will be able to compare life cover quotes online from leading UK insurers. Benefits of comparing life cover policies with us include:
- Compare life insurance cover quotes from over 10 UK insurers
- Tailor your life cover quotes online
- Add or remove critical illness cover
- Buy the best life cover online
Simply tell us what you are looking for in your life cover policy and let our comparison service research the market for you.