Most people take out life insurance so that they don’t need to worry so much about their family being taken care of financially if they were to pass away unexpectedly. In order to compare life insurance, one often has to call up dozens of brokers all across the UK just to get a few quotes. This of course is far from ideal as it can be time consuming to get almost all manners of insurance, and when its something as personal and sensitive as getting life insurance, then its a shame that the process can be so cumbersome.
Compare Genie aimes to take the hassle out of finding life insurance policies, helping you find a cheap and comprehensive policy to suit your needs and budget. Whether you are searching for solely life insurance, combining with critical illness or mortgage protection, or are in search of whole of life cover, Compare Genie will take your details and match them with a UK insurance provider who will then contact you to discuss your life insurance options and you may be able to get cheap life insurance right away.
An insurance provider pays the full amount you are insured for as a lump sum, should you die during the policy term.
Critical illness cover
When critical illness cover is taken, an insurance provider will pay the amount you are covered for if you are diagnosed with a critical illness (eg. Heart Attack, Stroke or Cancer) during the policy term.
Mortgage protection insurance
Mortgage protection insurance, sometimes called decreasing term life insurance also covers your mortgage payments. The amount you are insured for is calculated to be enough to equal the capital outstanding under a normal repayment mortgage and reduces over the term of your policy.
Whole of life cover (Pure Protection Only)
Whole life insurance or whole of life assurance is a life insurance policy that covers the policy holder for the reminder of their life. In most cases requires premiums to be paid for the life of the policy. There is no specified policy term and this pays out a lump sum in the event of death, no matter when it happens.