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How to Get Life Insurance at the Best Price

If you don’t already have Life insurance, then choosing the right amount of cover at the best price to best protect your loved ones can be a daunting task. You might find yourself asking whether you need Life insurance, and which provider can offer the best cover.


This does not constitute advice and advice should be sought in all instances before acting on it.


There were 1 million fewer new protection policies in 2017 compared to 2014.


The right life insurance can release a large burden of stress from you and your family’s shoulders. If the worst case scenario happens and you or your partner were to pass away unexpectedly, Life insurance can pay off the mortgage and provide financial salvation to keep you and your family afloat through the waves of despair.


Around 42% of people with a mortgage have no Life insurance in place.


Just one in three adults in the UK has Life insurance

It’s easy to look at the majority of the population and think that following suit could be the best option for you. After all, if 70% of adults don’t think they need life cover, then why would you?

The truth is, nobody likes to think about dying, it’s a morbid subject to talk about – which helps to explain how nearly 3 million families across the UK don’t have the correct insurance in place to pay off their mortgage if one of the main breadwinners in their family were to die.


What is Life insurance and why do you need it?

There are a variety of Life insurance policies in the ether, with the cost being dependent on your health, personal circumstances, level of cover and the type of policy you opt for. Your aim should be for your policy to clear your mortgage if you die, so your partner and children can remain in their home, without trying to pay the mortgage on a reduced income.

Things to consider when buying Life insurance:

  • Shop around – this ensures you choose the right deal at the right price.
  • Cheap isn’t always cheerful – read policy documents carefully. Some providers have exclusions that could register your insurance null and void when the time comes for claiming.
  • Smart financial planning – think about what the right level of cover is for you and make sure you don’t duplicate cover elsewhere.
  • Consider getting your Life insurance written in trust – this pulls any pay-outs out of the probate process and inheritance tax net, which means you can get paid quicker and without triggering a potential tax liability.

Looking into taking out Life insurance?

There are 357 authorised life insurance providers in the UK – which can make choosing a policy tricky if you don’t know what you’re looking for.

Speak to our IFA, we’re specialists in providing quality life insurance at the best possible price and will help you compare cover options.


Looking for how best to protect your family?
Investments | Financial Planning | Retirement | Save Tax | Protection |

Dental & Medical Financial Services have been helping doctors and dentists to build and protect their wealth, whilst saving tax for over 25 years.
Call Darren to discuss your options.

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