Frequently Asked Questions    

Below are some frequently asked questions about life insurance. Click on any of them for more information:-

General Questions

• What is life insurance?
• Can I get a quotation now online?
• When will my cover start?
• life insurance - why do I need it?
• What do I need to know about life insurance?
• What is the difference between Life Assurance and life insurance?
• What should I think about when selecting a life insurance policy?
• Is there any investment value in my life insurance policy?
• What does a life insurance broker do?

Questions about the types of life insurance and the options available

• What types of life insurance are there?
• What types of life insurance do most people use in connection with their mortgage?
• How long should I insure my life for?
• How much should you insure for?
• What is Term Insurance?
• What does ‘level’ life insurance mean?
• What is ‘Index Linking’?
• Can I have a policy that covers my partner and myself?
• Should the cover be on joint lives or separate lives?
• Can I have different levels of cover on a joint life policy?
• Should I have a 'Guaranteed' or a 'Reviewable' policy?
• Is it better to have a 'Guaranteed' or a 'Reviewable' premium?
• Should I include Terminal Illness Insurance?
• What does ‘premium protection’ mean?
• What does ‘waiver of premium’ mean?
• Should my policy be written 'in Trust'?
• Which optional extras are important?
  

Questions about life insurance and Mortgages

• Does life insurance have to be associated with a mortgage?
• Should I consider Mortgage life insurance instead?

Questions about how to apply

• What personal details do I need to provide to get a quotation for life insurance?
• Do I have to buy my life insurance through my mortgage lender or mortgage broker?
• Once I've got my quote, what's the next step?
• What correspondence can I expect to receive after my Application has been submitted?

Questions about health issues

• Will my medical history affect my premium?
• What does a GPR, mini screening or full medical mean?
• When buying life insurance, do I have to provide information about my health and will I need a medical?
• Is a medical absolutely necessary?

Questions about possible delays

• How quickly will my life insurance application be processed?
• What happens if I urgently need life insurance in order to complete my house purchase?
• What causes delays and can delays be reduced?
• So what else causes delays?
  

Questions about price

• Why are the insurance prices on the Internet so low?
• How much will the premium be?
• Is the price I was quoted, the price I'll pay?
• Why is Mortgage life insurance cheaper than normal life insurance?
• Are there any extras to pay for?
• Do I have to pay the life insurance Broker a fee?
• Does your age affect your premium?
• If my premium is 'Rated', what does that mean?
• If an insurer asks for a higher premium because I am 'Rated', is it worth applying to another insurance company?
• If I'm asked to supply more information or go for a medical, will the premium increase?
• Could I end up paying more for insurance than someone else the same age?
• Why is life insurance more expensive for smokers?
  

Questions about Critical Illness Insurance

• What is Critical Illness Insurance?
• Should I consider Critical Illness cover instead?
• Should I include Critical Illness cover on my life insurance policy?
• What benefits will Critical Illness cover add to my Life policy?
• What is the difference Between Critical Illness Insurance and Terminal Illness insurance?

After you have bought the life insurance

• What happens if I stop paying the monthly life insurance premiums?
• Can a claim still be made if the policy documents are lost?
• How do I go about making a claim on a life insurance policy?
• Complaining about a life insurance Broker
• Complaining about a life insurance Company
• Complaining about Misleading Advertising
• life insurance and the Law