We want to make Life Insurance as easy as possible-to understand and achieve. We have created this list incase you see a term you don’t recognise. We provide a free, non-obligation quote service based around our panel of leading UK insurers. We will do our best to get you a great deal.
Term: The agreed duration of your policy.
Premium: The payment you pay into your policy either montly or annually.
Sum: The amount of cover your life is insured for.
Level Term: A sum which stays the same throughout your policy.
Decreasing Term: The sum will ‘decrease’ in line with your mortgage or loan. Linked to Mortgage Protection.
Guaranteed Premiums: Your premiums stay the same throughout the policy term unless you index link your policy.
Index linked: Your life insurance policy is protected from inflation. Your premium and cover will increase with the retail price index.
Reviewable Premiums: Premiums that are likely to increase during your policy.
Trust: Putting your life insurance into trust can avoid inheritance tax on your policy. It often pays out quicker when you die.
Critical Illness: Includes some forms of cancer. Provides financial protection should you become ill with one of the agreed illnesses.