Life Insurance, Cheap Life Insurance Quotes
Life Insurance Library
Access to DISCOUNTED premiums from all major UK Life Insurers
Where possible we discount
EVERY policy we sell.
The best way to find a cheaper life insurance quote is to get a broker to research the market on your behalf.
At the Life Insurance Library you can obtain life insurance quotes from all the major UK life Insurance companies. Indeed, if you want any form of Life Insurance, we can supply it - and at highly discounted prices .
For example :
- Life Insurance
- Term Insurance
- Decreasing Life Insurance
- Indexed Life Insurance
- Mortgage Life Insurance
- Family Income Benefit
- Critical Illness Insurance
Important
You could reduce the cost of your Life Insurance premium with tax Relief (This isn't available with all Life Insurance policies. Please discuss this important opportunity with our Adviser when he or she phones you.)
Cheap Life Insurance
Hot Topics
- Is the price I get quoted for life insurance the price I get charged?
- We are afraid the answer is “it depends” upon many factors.
- What is the difference between Life Insurance and Life Assurance?
- Many people confuse Life Assurance with Life Insurance but there are several big differences between the contracts.
- What are the most common optional extras available on life insurance policies?
- When considering the purchase of a life insurance policy you are almost certainly going to be offered additional extras that maybe added to the plan. The following three are the most common: -
- Complaints about a Life Insurance Company
- If you want to make a complaint to a Life Insurance Company (that is the company which issues your insurance policy), you should write to their Compliance Director.
Why is the Life Insurance Library so confident that you'll get an amazingly cheap Life Insurance quote?
It's quite simple really. Our computers automatically obtain quotations for the cover you've requested from all the main UK Life Insurance companies. Then we then sort out the cheapest quote we've received and deeply discount it. (We achieve this by reducing our commission to the bare minimum.)
This means you're guaranteed a great deal!
Life Insurance Quotes
Please click on "Get a Quote" and complete a few simple details. It's not at all complicated - and it'll only take two minutes.
But please note that only UK Residents and people over 18 years of age can apply.
Then, shortly after we've received your Request, one of our Life Insurance Advisers will phone you with a deeply discounted price. Whilst you're on the phone, you should take the opportunity to discuss your requirements with our adviser. After all there may be a cheaper or better solution for your requirements.
This professional service is provided free.
If you wish to accept our Life Insurance quotation, we will send you the necessary paperwork and arrange the insurance for you.
Many people also ask us for Life Assurance when they really mean Life Insurance.
So what's the difference?
Life Insurance provides you with life cover for a specified period of time (this is known as the policy's "Term"). The Insurance will pay out a tax- free lump sum if you died before the end of the policy's Term. (Incidentally, all the Life Insurance policies we sell also include Terminal Illness cover. This means that you can also claim if you contract an illness or condition from a which a Doctor expects you to die within 12 months of diagnosis.)
If you survive to the end of the Term, the Life Insurance policy terminates and the terminated policy has no residual value whatsoever. Remember, your life insurance policy only has a value if there is a claim - in that context it's just like your motor insurance!
Life Assurance is different. Life Assurance has an important investment element. Life Assurance pays out either the insured sum or a non-guaranteed investment element - whichever is the greater at the date of death.
The value of this investment element is based on the performance of the Insurance Company's investment division. Each year the insurance company adds an annual investment bonus to your life assurance policy and there's often an extra "Terminal Bonus" at the end. Therefore, as the years pass your Life Assurance policy increases in value as the investment bonuses credited to it, add up.
The value of the investment bonuses depend upon how long you have held the life assurance policy and the insurer's investment performance. But once investment value has been added to your Life Assurance policy the policy has an encashment value.
If you were to die during your Life Assurance policy's term, you'd receive the higher of either the insured sum (just like life insurance) or the value of the annual investment bonuses which have been credited to your policy up to that time.
However, if you are still living when the policy terminates, you should get a bigger payout as this includes all the annual bonuses plus, a Terminal Bonus.
You should be aware that Life Insurance is considerably cheaper than Life Assurance and, for the vast majority of people, Life Insurance is what most people mean when they ask us for Life Assurance. You should also know that in recent years, investment returns on Life Assurance policies have fallen dramatically and some insurance companies still charge penalties for early encashment.
Make sure you speak to one of our Life Insurance professionals. They know the policies issued by the insurance companies inside out and their knowledge ensures you'll avoid any costly mistakes.