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Ask the Professor
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It pays to use a Life Insurance Specialist
*To guarantee you’ll get a really cheap life insurance quote, The Professor has partnered with LifeSearch . LifeSearch is one of the largest life insurance brokers on the internet and they guarantee to give you the lowest life insurance premium from their select panel of top UK insurers.
Chat it over with an Expert before you buy
Now its important for you to understand that the Professor always asks a Life Insurance Expert to have a brief chat with you before you decide anything. Thats because unless you speak to someone that knows, theres a significant chance that youll buy the wrong type of life insurance policy.
Indeed, a number of financial commentators have said that they believe that around 50% of people would buy the wrong type of life insurance policy if they don’t get expert advice. That suggests that some people will be living under a misapprehension as to the exact nature of the insurance cover they have. That could be dangerous. It could also mean that some people have spent far more than they needed to - and thats a waste of hard earned cash.
We want to avoid any problems, so in conjunction with LifeSearch , our Life Insurance partners, an Expert will phone you to double check exactly what you want. It only takes a minute or two - but its time well spent. Better to be safe now rather than sorry later.
The Expert will then use advanced technology to find exactly the right Life Insurance policy at the cheapest possible premium. The whole process takes less than five minutes and the Experts recommendations are confirmed to you in writing. We believe that this is the highest quality service on the Internet and The Professor is very proud of it.
Theres no time to loose, complete the Quotation request form right now and an Expert will phone you very soon.
Regulation: The Financial Services Authority (FSA) have asked us to provide information about how this web site is managed, operated and regulated. The FSA call it a “Disclosure Document”. To see our Disclosure Document Click Here
Whenever anyone asks
the Professor for Life Assurance a few questions are always asked to double check exactly what they want.
We do this because lots of people confuse Life Assurance with Life Insurance - and the two types of policy are quite different. (cheap car insurance)
Lets explain what Life Assurance and Life Insurance are.
In short, a Life Assurance policy is a type of investment combined with a form life insurance cover such that if the policyholder were to die whilst the policy was in force, the policy would pay the greater of either the sum insured by the life insurance, or the investment value of the policy. (The value of the investment always depends upon the performance of the investment markets that prevailed throughout the policys term.)
With regards to Life Insurance, theres never any investment value in the policy. If there is a valid claim, the insured sum is always paid out but nothing else. If the life insurance policy reaches the end of its term, the policy finishes - no more premiums are due and the policy is worthless - it has no further value.
So do you want Life Insurance or is really Life Assurance that you need? As you would expect with its extra investment content, the monthly premiums for Life Assurance are significantly higher then for Life Insurance.
You can only access Life Insurance through the Professors web site.
7 of the Professor’s
Best Life Insurance Tips
When you buy Life insurance you must get the right cover and the following tips should help you achieve this.
If you have a spouse or dependents then life insurance quotes is essential and should be your top priority where finances are concerned. It is the income that your family relies on, that you need to protect in case anything was to happen to you.
Providing a lump sum in the event of death during the term of the policy is fairly uncomplicated, but, making sure that you have all the details you want in the cover is a little less straightforward. Below we share seven top tips to help you make an informed decision:
1. Be totally honest about what you would need to provide cover for your family and consider all debts as well as the mortgage and day to day expenses that are very significant.
You can use a life assurance calculator to help you work out what cover you require and once you know that you can shop around until you find the right quote. Do not over or under insure as doing either is just not cost-effective. Having no dependents does not necessitate life cover.
2. Only have cover in place for the time that need it and you can determine this to meet your personal needs. A typical policy would last until children leave home, all outstanding loans are repaid or until you retire.
3. When you fill in your application form always be totally honest and accurate. If you give false or fail to give certain information you can make any claims open to rejection by your insurer and they will class this as non-disclosure making them well within their rights to do so.
4. If you set your policy up in trust you are putting an asset aside to benefit who you choose and this can also include your life assurance value so that when you die that/those person(s), will benefit. If you do not put your policy into trust in the event of your death it becomes part of your estate and could increase your inheritance tax. There is usually a trust form in your life insurance application pack which must be filled in.
5. Only pay what you can afford; this sounds obvious but if a life assurance company thinks you are higher than average risk then the cover will be high. The most popular policy is Level Term Insurance and with this the sum that you are insured for remains the same for the length of the policy. If your liabilities will reduce, as with a repayment mortgage, then Decreasing Term Insurance will be more suitable and will become cheaper over the term in line with your mortgage.
6. Do not assume that your policy stays the same no matter what you are doing. This is not the case - you must keep your policy up to date with the changes in your life, such as a new home, a family - all things which affect your cover. All these things that increase our financial liabilities also increase our need for more protection.
7. Even if you have a life policy it is always worth getting a new quote especially if you bought it through your bank or building society – they are notorious for being very expensive. Look online, there are so many comparison websites now and you will be sure to find a cheaper policy that covers your needs.
Do not cancel your old policy until your new one is live and be sure that you are not relinquishing benefits with your old policy that you do not have with your new one. If your circumstances or your health have altered since you arranged your original policy a revised plan may be substantially more, so, you will be better sticking with the policy that you already have.
Be honest about your circumstances and what you need to keep your family safe financially if you were not around to provide for them any longer.
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