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Online Term Life Insurance Quote

Term insurance is one of the simplest forms of life insurance available. If you have a need for life insurance for a specific term then term insurance could be the best way to protect your family or dependents.

The internet has made comparing term insurance providers premiums simple in the last few years. If you know the type of term insurance you require with our new interactive quote system you can enter the type of cover you require the sum assured and the term of the policy and you can compare the term insurance providers premiums in less than a minute.

You can obtain as many free instant quotes as you like to find the best term insurance policy to suite your needs, and we will email you a copy of the term life insurance quotes to you.

Alternatively If you are not certain which type of life insurance you require please call one of our qualified advisers for advice on 0845 262 2226.

Term insurance is one of the best things you can do to take care of your family financially in the event that one day you’re not around to do so. If there are people who can't afford to lose you, you can't afford to be without life insurance.

  • We reinvest a minimum of 50% commission into our online quotes so we can offer you the best price guaranteed.*
  • Get the cheapest cover, with premiums from £23.84 per month* for a sum assured of £275,000 over a term of 20 years.
  • Wide range of policies including, level term insurance, decreasing term insurance, increasing term insurance, family income term life insurance, and term life with critical illness insurance.

Types of Term Insurance

There are many types of term insurance available in the market if you are unsure which type of term insurance you require we also offer independent financial advice with the same cheap premiums. Below is an overview of the types of cover available on instant term insurance quote.co.uk,

Level Term Insurance

Level term insurance is a policy that pays a fixed tax-free lump sum ( the sum assured ) upon the death of the life assured or upon diagnosis of a terminal illness (this is defined as where the life expectancy is less than 12 months), within the term of the policy. Term insurance has not surrender value and if no claim occurs during the policy term there is no cash payout at the end of the policy term the policy ceases.

Decreasing Term Insurance

Decreasing term insurance is a policy that pays a reducing tax-free lump sum ( the sum assured ) upon the death of the life assured or upon diagnosis of a terminal illness (this is defined as where the life expectancy is less than 12 months), within the term of the policy. Decreasing term insurance has no surrender value and if no claim occurs during the policy term there is no cash payout at the end of the policy term the policy ceases.

Decreasing term insurance is typically used to cover a repayment mortgage and the interest rate set is typically 8%. As the benefit amount reduces in line with your projected mortgage amount there could be a potential shortfall in cover in the event of a calm though some providers will guarantee to repay you mortgage balance.

Increasing Term Insurance

Increasing term insurance is a policy that pays an increasing tax-free lump sum ( the sum assured ) upon the death of the life assured or upon diagnosis of a terminal illness (this is defined as where the life expectancy is less than 12 months), within the term of the policy. Increasing term insurance has no surrender value and if no claim occurs during the policy term there is no cash payout at the end of the policy term the policy ceases.

With increasing term insurance the benefit can typically be set to rise in line with a set percentage rate or RPI though this will vary between providers. As the benefit rises the monthly premiums will also rise but this percentage even on guaranteed premiums.

Family Income Term Insurance

Family income term insurance commonly known as family income benefit: this pays a monthly benefit instead of a lump sum, upon the death of the life assured or upon diagnosis of a terminal illness (this is defined as where the life expectancy is less than 12 months), within the term of the policy. Family income term insurance has not surrender value and if no claim occurs during the policy term there is no cash payout at the end of the policy term the policy ceases.

With family income term insurance you can also have an increasing benefit that can typically be set to rise in line with a set percentage rate or RPI though this will vary between providers. As the benefit rises the monthly premiums will also rise by this percentage even on guaranteed premiums. This can be beneficial in a claim as the monthly benefit will continue to rise by the set increase until the policy ceases.

Term Life & Critical Illness Insurance

Term life and critical illness insurance is a policy that pays out a tax-free lump sum upon diagnosis of a qualifying critical illness (defined by the specific insurance companies)or death, within the term of the policy.

Term life and critical illness has no surrender value and if no claim occurs during the policy term there is no cash payout at the end of the policy term the policy ceases.

 

Instant Term Insurance Quote Guarantee

Instant term insurance quote .co.uk guarantee that at the time of application you will not get cheaper like for like cover as we reinvest 50% of the initial commission the provider pays us back into your life insurance policy.

* Term insurance quote correct as of 21/10/2010 and applies to a Level term insurance quote for a joint life 36 year old, non-smoker male & 34 year old, non-smoker female, £275,000 sum assured over a 20 year term.

 

Instant Term Insurance Quote .co.uk is a trading style for website purposes of Go Direct UK Ltd.

Go Direct UK Ltd which is an appointed representative of Personal Touch Financial Services Ltd which is authorised and regulated by the Financial Services Authority Registered in England & Wales Company 5703224

All financial advice will be provided by Go Direct UK's advisors

Online Term Insurance Quotes from Instant Term Insurance Quote .co.uk