There are a number of decisions to be made when considering life assurance (or life insurance, as its commonly known) and none of them are the mystery that you may have been lead to believe! If you died tomorrow, how would your family cope financially?
Consider these questions:
- Who depends on you to provide an income or provide care for them?
- How much would it cost per year to replace the income or provide the care if you weren’t here?
- How much cover do you already have?
So, how much life insurance do you need? Well, if we listened to insurance companies, we’d all be paying out for life insurance worth up to 15 times our annual income. So, a person earning £20,000 would end up buying £300,000 worth of cover. Don’t use their calculations – work out how much your own family actually needs to pay the household bills etc. The best way is to multiply your income by the total number of years you think your family will need support and …there you go. You have a DIY formula for life insurance. Don’t forget to add in enough to pay off any outstanding debts like mortgage and car loan!
Life insurance premiums have been falling in recent years and if you arranged your original life insurance through a bank or estate agent (usually with your mortgage) then you are almost guaranteed to make some great savings! We will search the UK’s top insurance companies and, by using the latest technology to find the quote and make the application, we’ll make sure you’re getting the best cover and service that is second to none at the cheapest prices.
Blue Moon Insurance, one of the UK’s fastest growing companies, has compiled a comprehensive panel of the most competitive life insurance providers and by using this panel in conjunction with our in-house team of expert advisers, you can instantly obtain quotes from the cheapest and best life insurance companies available. Alternatively, we do have access to whole of market insurance brokers so we can be confident no matter what your needs or sitation might be, we can still find you the most competitive deal while still ensuring you are covered for the worst.
For a no obligation Life Assurance quote simply give one of our advisers a call on 01933 303020. Or alternatively, please browse our site for more information on the various types of insurance we can provide. If what you want is not listed above, please call our friendly advisers who can guide you through the complicated world of Insurance.