Life insurance is one of the foundation blocks of any financial planning. Life Insurance is one of the most important, simple, popular and cost-effective ways of ensuring that your family or liabilities such as mortgages or loans are protected in case of your death. We at LifeLine Protect have expertise Insurance consultants who can also help you get the best life insurance with critical illness. A life insurance broker near your location can help you with different types of life insurance.
Here are types of life insurance
You could select – Level term policy or deceasing term policies – Your life insurance broker will be the best person to recommend the appropriate type of cover for you.
Duration of life cover
Life insurance can be bought for a fixed term between 5 to 40 years and can run right up until your 90th birthday.
Single or Joint cover
Life insurance is available either as a single or a joint policy. If you were to take a joint policy for you and your partner, normally the insurer would payout when the first person dies. Once the insurer has paid out the policy will finish, leaving the surviving partner uninsured.
The alternative is to take out two individual policies; this means you will both covered separately and the insurer will pay out for deaths. Running two policies can be more expensive but most insurers will give you extra discounts to help. If you search for a life insurance broker near me then you will find LifeLine Protect Limited. Give us a call to find out more about single or joint policies.
Life Insurance prices
The cost of a life insurance policy is calculated based on your age and whether or not you are a smoker. Other factors that will affect your premium is how much you would like to be covered for, the type of policy (level or decreasing) that you are applying for and the length of time you wish to be insured for. Search for a life insurance broker near me and you will find Lifeline Protect Limited where you can consult the best insurance brokers
Serious illness cover is similar to critical illness cover but rather than paying out when a condition becomes critical you can receive an earlier pay-out depending on how severe the illness has become.
Here’s why you’re up to twice as likely to get a payout from us than a typical critical illness policy:
The alternative is to take out two individual policies; this means you will both covered separately and the insurer will pay out for deaths. Running two policies can be more expensive but most insurers will give you extra discounts to help, give us a call to find out more about single or joint policies.
How Serious Illness Cover works
For most conditions, a typical critical illness policy would give you a payout for your full cover amount or nothing at all. This can leave you with nothing to help you cope with an illness that's having an impact on your life. Serious illness cover gives you a percentage of your cover amount depending on how severe your condition is.
If you claim a condition that pays out part of your cover amount, serious illness cover keep covering you for the remaining amount. So if your condition gets worse, or you're diagnosed with a more severe condition, you can claim again. You can do this until you've used up your whole cover amount.
Why you're more likely to get a payout with Serious Illness Cover
Life insurance with a critical illness or serious illness covers more conditions than other insurers. They also cover earlier stages of certain conditions - in some cases, make partial payouts when you're diagnosed, rather than waiting until you have surgery or develop permanent symptoms. Together, these things mean you are more likely to get a payout with our cover, than with a typical critical illness policy
How would you pay the bills if you were sick or injured and couldn't work?
In case of an unexpected event, an income protection insurance cover can help you to cope with the losses. Consult an income protection insurance broker for finding the best income protection insurance.
The same applies to businesses as well that is why if you a business owner then you should get business protection insurance. Let’s see how an income protection insurance cover can help.
Whole of life plans to protect without any fixed term.
The whole of life insurance guarantees the payout of a lump sum whenever the policyholder dies. Traditional life insurance covers a certain number of years like the term of the mortgage or a fixed term. The whole of life insurance covers doesn’t have a term they payout on death as long as the monthly direct debit has been maintained.
In recent years the insurance companies have started providing guaranteed premium which makes sure that the clients can choose the most affordable premium which they can maintain even beyond retirement age.
We at LifeLine Protect are at hand to identify the most appropriate whole of life covers for you. It is a long term cover that may extend beyond your retirement age and hence it is equally important to get expert advice.
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I had nearly 10 weeks for my remortgage to be completed by 1Jun20. That us when I contacted LifelineProtect for whom i had had an excellent reference. Although 10 weeks is ample time in usual situation but with COVID-19 lockdown and added to that lenders/underwriters working from home, the stretched time it took for the lenders and their solicitors made the process a bit difficult. However with the rich experience and professionalism of Lifeline Protect's team I was left with minimum botheration and completion happened on dot to my satisfaction. Similarly was the case with our life insurance policies. Lifeline Protect's advice in taking the apt policy with the optimum cover was very beneficial in we honing in on the policy and was done seamlessly. I would always bank upon such professional approach and would definitely refer LifelineProtect to any other person seeking mortgage broker or insurance broker.
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