What is Life Cover?

Article published on 31st May 2012

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What is Life Cover?

Life Cover is a type of Insurance where the Insurance company pays out a cash lump sum in the case of your death. People also call this type of Cover Life Assurance, Life Insurance, Term Life Insurance, Mortgage Life Insurance, Level Life Insurance and Decreasing Life Insurance.

How does Life Cover Work?

You pay a monthly premium to the Insurance company for the duration of the policy. If you pass away during this time the Insurance company will pay out a lump sum of money to the beneficiaries of your policy or to your estate.

You have many options when looking at Life Cover, they can often be tailor made for your needs and situation. Here at Top Quote Online we can help you in finding the right company and policy based on your situation.

What are Some of the Main Life Cover Policies?

There are three main types of Insurance Policy: Mortgage Life Insurance, Term Life Insurance and Whole of Life Insurance.

What is the Best Type of Policy for Me?

This is a common question we get here at Top Quote Online. It really depends on your situation and needs, as well as your financial position. The best way to find out the policy which is best suited for you is to give us a call on 0808 17 82 777. We have industry trained advisors who can give you a more detailed explanation of Life Cover and help you in finding the best policy for you.

How Much Will This Cost Me?

The cost of Life Cover really depends on what type of policy you take out and how long the cover should last, as well as a whole range of factors to do with the life you would like to insure. The best and easiest option is to use our free Online Quote page. Once you have filled in the short form we will search the whole of the market and return to you a list of Insurance companies that may provide you Life Cover, as well as how much each one will cost a month.

What Next?

The Insurance world can be a confusing place and Life Insurance is no different. Your best option from here is to head on over to our free Online Quote page. This will give you a good idea of the price you are looking at for each different type of policy and the companies available to you. Or better yet you can give one of our industry trained advisors a call on 0808 17 82 777 and they will be more then happy to help you find the right policy for you.

Get An Instant Life Insurance Quote Now!

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