Compare Life Insurance

Confused by life cover?

QuoteBoffin are on side to make sure you're completely in the know about life insurance so you can make an informed decision first time, every time.

How life insurance works at a glance

• Life insurance - also known as life cover and life assurance - pays out a cash lump sum in the event that the policyholder dies before the end of end of their insurance agreement.
• Life insurance is available in joint and single form so can work around you and your lifestyle.
• Many life insurance policies include critical illness cover which pays out a lump sum or provides a supplementary income should you be diagnosed with a critical illness.

Would your family be able to cope if the main earner was no longer around? By taking out life insurance you can safeguard against financial hardship when those closest to you need it the most.

Nobody wants to leave behind a legacy of debts and unpaid bills - life insurance makes sure your loved ones aren't burdened by overheads at what is an already difficult time.

So who needs life insurance? QuoteBoffin has the answers:

Whether you are married, single, have children or are enjoying your retirement, life insurance is usually right for you.

Everyday death and ill health shakes the financial foundations of families right across the country; even those who consider themselves to have ample savings...

"I want to leave behind a tax-free inheritance for my children and grandchildren. Taking out a life insurance policy is the cheapest and easiest way to provide financial security after I'm gone."

"After buying my first house I became anxious about leaving behind mortgage debt to my next of kin. Taking out life cover was easy to do and provides me with the peace of mind I was looking for."

"Although I'm single and don't have any debts I didn't like the thought of leaving my loved ones to pay for funeral expenses. £5 a month is a small price to pay when funeral arrangements can run into thousands of pounds."

"My insurance policy turned out to be a financial life saver when I suffered a stroke. After giving up work I was worried about how I was going to manage. Thankfully the critical illness part of my policy settled my debts and supplements my income."

Life Insurance providers

Take out a life insurance plan today and you can expect a policy from some of the UK's market leaders.

Here's just some of the providers we work with:

"The UK's biggest insurance provider, Aviva has 53 million satisfied customers world wide."

"Another UK market leader, Standard Life specialise in financial protection products."

"With over 130 years trading experience you're in safe hands with Prudential Financial."

"One of the UK's largest insurance firms, LV= have a reputation of being the most friendly provider on the market."

Could your family cope without you and your income?

Death is a difficult topic to discuss with our nearest and dearest but it's important to have a plan in place should you pass away unexpectedly.

The amount of debt being left behind by the deceased is on the rise. Sadly repossession are also on the rise as cash-strapped families fail to meet mortgage payments or credit card bills following the death of a loved one.

Peace of mind is priceless so why not take a few minutes to organise your policy today? 1,650 people die in the UK every day; around half of those people don't have any form of life cover in place.

These statistics show the real value of life insurance:

• In the UK, one person dies every two minutes from a heart attack
• A quarter of all UK deaths are caused by cancer
• One in four mean aged 20 now will not live to be 65 years old
• Every week 6,200 people are killed or seriously injured in road traffic accidents
• Over 1,650 people die in Britain everyday

What different kinds of life insurance are available?

Today there's a life insurance policy to suit everyone but this can also make it tricky working out which level of cover is right for you.

Ways to lower your life insurance premium

Overall, life insurance is affordable given you could be paying as little as £5 a month for over £100,000 worth of cover.

If you're paying more than this there's plenty of simple changes that you can make in order to lower the cost of your life insurance premium.

• Stub out smoking: Smokers can end up paying double in comparison to their non-smoking counterparts. The negative affect smoking has on an individual's health is seen as a risk so kick the habit to save a bundle.
• Hit the treadmill: Keeping fit and enjoying a healthy lifestyle can add as much as six years to your life expectancy and is also proven to cut the risk of cancer and other diseases.
• Ditch the drink: Drinking large amounts of alcohol on a regular basis can lead to liver damage, mental health problems and premature death. If you're a woman and drinking more than three units of alcohol a day or a man drinking more than four you should consider reducing this.
• Don't take risks: Risking professions and social activities can also have a direct impact on the cost of your premium. For example, a farmer is more likely to pay a higher premium than an office worker. Changing careers to save on your life insurance policy is unrealistic but if you do find yourself in a different job notify your provider straight away to see if your premiums decrease.

Are there any additional benefits to taking out a life insurance policy?

This means you will be able to continue paying your mortgage or other bills thanks to a supplemented income since ill health prevents you from working.

A life insurance policy paired with critical illness cover is the perfect way to protect you and your family's lifestyle in the event of death or illness.

Some of the illness that are covered under critical illness cover are as follows:

• Coma
• Third degree burns
• Cancer
• Deafness, blindness or loss of speech
• Heart attack

Putting your mind at ease ha snever been simpler, so take advantage of the QuotBoffin team's expertise & let us compare the market for you today.