Life InsuranceBroker
Competitive Life Insurance Quotes UK
Get the most cover for the best price
Are your loved ones financially protected?
Our Hampshire based life insurance and protection advisors are passionate about making sure that you and your loved ones are protected. Life insurance is not as expensive as you might think and having the right amount of cover is essential.
YesCanDo is a whole of market online insurance broker, this means we can search the whole insurance market to get you the most cover for the best price. We do not charge for our service, advice and support as we are paid by the different insurance companies. We are here to get you the most cover at the best price.
- Access to the whole life insurance market
- Competitive life insurance quotes
- Free Support by an Insurance Adviser
- WhatsApp Friendly
- The most cover for the best price
What is life insurance and how does it work?
Life insurance is an agreement between yourself and a number of many life insurance companies. A contract is drawn where you agree to pay (usually monthly) an insurance policy. The life insurance company or insurer then agrees to pay you or your loved ones a lump sum of money if you get critically ill and/or die.
We mentioned two types of insurance there (critical and life) however there are many types of different life insurances. Our expert team get to know you, your situation and health to provide you with the best quote on the insurance market. Our team will search the whole insurance market to find the most cover for the best price.
Is life insurance worth getting?
The straightforward answer is that most people do need some kind of life insurance.
Not being fully financially covered can have have devastating effects if the worse was to happen in your household:
- A death
- someone being seriously ill
Make sure that your children, wife or husband are safe and financially looked after should something happen to you.
If you own a property you need to know that those loved ones will always have a roof over their heads, even if you are no longer here or if you are too ill to make the monthly outgoings.
With a whole host of different insurances available, it’s hard to know which ones will benefit you and which ones may end up costing you a lot, without much gain. Having Life Insurance cover in place removes all financial burden at an extremely difficult time. On the death of your partner, your children or any beneficiary that you nominate will receive a lump sum payout that can be used for anything you need. Make sure to find an insurance broker with a team of advisers who are willing to take the time to explain the different options available to you and your situation.
This could range from paying off your mortgage loan, covering monthly bills, paying funeral costs, to even a holiday to get some rest & distance, investing the money for the future or using it for your children’s education. The list is endless! You insure your car, your home, why wouldn’t you insure yourself? So is Life Insurance worth it? if you have loved ones that will miss you when you’re gone, not just emotionally but in every sense of the word, then yes – protect yourself, protect them.
If you are still thinking “but is life insurance really worth it?” read our more in depth helpful guide written by our insurance manager.
How much does life insurance cost?
There are a few types of insurance available which we will give a brief description of below. Alternatively click learn more to jump to our FAQs where this question is answered
Being a local independent company customer service is of utmost importance to us. We search the whole life insurance market to find you the most cover at the very best price. We look after the life insurance application from beginning to end to take away any stress.
We are proud to have helped thousands of people in the UK get the best life Assurance cover for over 30 years. We hope we are able to help you soon too.
How do Life Insurance policies work?
Life Insurance policies work very simply, you are insuring your life and so if you die the policy pays out. It’s as simple as that! Certain insurers can apply some exclusions, such as suicide in the first 12 months, but any of these will be made clear by the insurer or broker at the time of taking out the cover.
Ask our life insurance brokers for advice
What type of Life Insurance covers are there?
Decreasing Term Assurance (Mortgage Protection)
Level Term Assurance (Family Protection)
Level Term Assurance: which can also be called Family Protection, is where the sum assured remains the same throughout the term of the policy. This means that no matter when you claimed on the policy, the payout would always be the same. This cover is perfect if you want to ensure a certain fixed amount of money is left behind if the worst were to happen.
Types of insurance available
Life insurance pays out in the event of you dying. Apologies if this is a little hard-hitting however this is exactly why you need life insurance. Your loved ones will have enough to cope within the event of your death. Don’t give them financial problems to compound this. Life insurance is very affordable. Get a quote for life assurance and you will soon see this.
The purpose this is to pay your mortgage off should something happen to you. You will be able to choose just life cover or life with critical illness cover. This would mean that in the event of something happening to you your mortgage debt is repaid. This means you will always have a roof over your head and one less bill to pay each month.
Term insurance is usually used to protect you and your family in the event of your death or critical illness. Many people have this in addition to mortgage protection especially when they have a young family. The reason it is called term insurance is that a specific term will be chosen that you need cover for. The most common term chosen is one to tie in with your dependents becoming 18 or 20 years old.
Critical illness cover (CIC) is there to protect you as well as your family! What do we mean by this? CIC the insurance covers you in the event of you becoming very ill. To give you an idea of what it includes, here are just a few examples:
- CancerHeart Attack
- Stroke
- Multiple Sclerosis
- Parkinson’s
- Alzheimer’s
- Benign Brain Tumour
Most insurance companies will cover you for over 50 conditions to are critical, so you are fully covered for whatever life throws at you.
Whereas life insurance pays out in the event of your death to your family, critical illness cover is different as it pays out to YOU! This means that you will be able to pay your mortgage off so that you and your family will always have a roof over your head.
In the event of being critically ill, employers will often pay your salary for a few months and then this will stop suddenly, putting you in financial difficulties. This is where this type of cover will save the day. You will be paid a lump sum which you can decide what you do with. You may use it to replace your salary for a while and then when you get better you may decide to go back to work or start a less stressful job and use the money to subsidise your income.
Terminal illness benefit is included as standard for all life Assurance policies and is separate to critical illness cover If you are given a terminal illness diagnosis for any condition and you are not expected to live for more than 12 months, you will receive the full payout early whilst you are still alive. The idea of terminal illness benefit is you will receive the payout before you pass away when you need it the most.
People ask us “do self-employed get sick pay?” we say, speak to us about income protection insurance.
The idea of income protection insurance is to pay you a long-term monthly payment in the event of you becoming too unwell to work. You will be able to choose the age that you will get the monthly payment until. Most people will choose it to be paid until their retirement age. You will also get the choice of how long you want to wait before you start receiving the payout. In some cases, people opt for a policy that starts paying out straight away or after a month and sometimes people choose to wait 6 months before they start receiving the payout in line with their company sick pay ending.
Life insurance FAQ's
The reason why most people need life insurance is to protect their family in the event of them dying or being diagnosed with an illness that is critical. Life Insurance or Critical Illness cover is there to usually pay a lump sum to you or your family to stop any financial hardship. Your family will be suffering from the loss of a loved one and the last thing they will need is the stress of not being able to pay the bills at a very emotional time.
Basically the more dependents you have, the more life assurance you will need. Similarly, the larger your mortgage loan, the more life insurance you will need.
You will need Life Insurance for as long as you have family that are dependent on you. Most people choose to have Life Assurance or Critical illness cover until their children are age 18 or 21 if they are at university. If no children are involved then some choose to cover themselves until retirement age.
The term for mortgage protection or decreasing term insurance usually coincides with the number of years left on your mortgage.
You will need Life Insurance for as long as you have family that are dependent on you. Most people choose to have Life Assurance or Critical illness cover until their children are age 18 or 21 if they are at university. If no children are involved then some choose to cover themselves until retirement age.
The term for mortgage protection or decreasing term insurance usually coincides with the number of years left on your mortgage.
There are many different arguments for the right or ideal age to get life insurance but actually, the simple answer to this is that once you have someone who will financially suffer if you were to die or be diagnosed with a critical illness then it should be in place. The youngest age you can get Life Insurance is age 16.
The younger you are, the less Life Insurance and Critical Illness cover costs. Premiums will also be lower if your are a non-smoker and if you are in reasonable health.
Example of cost – £100,000 cover with terminal illness cover for a 30-year-old non-smoker over a 25-year term.
Monthly payments = £5.73
There are many Insurance companies in the UK all offering different types of life cover. The best way to be certain that you are not only getting the right cover but also the lowest price is to use an insurance broker.
An Insurance broker will shop the insurance market for a life insurance policy and work independently so won’t be tied or swayed towards certain insurers.
At YesCanDo we are a whole of market insurance broker. This means that we will search the market to get you the best price for the best cover. We have a team of in-house insurance specialists that will be on hand to advise you and get you various cover options to consider. Once agreed and you are happy. one of our amazing team will see your application through to completion, keeping you updated each step of the way. We are a NO FEE Insurance broker therefore we do not charge you for our services.
Life Insurance and Life Assurance are different names for exactly the same thing. An Insurance broker will shop the insurance market and work independently so won’t be tied or swayed towards certain insurers. At YesCanDo we are a whole of market Insurance broker. This means that we will search the market to get you the best price for the cover you need. We have a team of in-house insurance specialists that will be on hand to advise you and get you various cover options to consider. Once agreed and you are happy. one of our amazing team will see your application through to completion of your policy, keeping you updated each step of the way. We are a NO FEE Insurance broker, therefore, we do not charge you for our services.
Life insurance companies class you as a non-smoker once you have not smoked for 12 months. It’s also worth noting that if you vape you will be classed as a smoker whether the vape contains nicotine or not.
This will differ from one insurance to another however the average time for life insurance claims to be paid is 2 weeks.
Here at YesCanDo we have a team of Insurance Specialists with a wealth of insurance knowledge and many years of industry experience. We are a Whole Of Market broker who can help you select the right cover for you, at the lowest premium available.
We will arrange an initial chat to go over your needs and give you some guidance on the most suitable cover for you. We can answer any questions you have and go over in detail any areas of cover you’d like to know more about. If you would like to talk to us now to talk to an insurance specialist call 02392373235 or alternatively get in touch via WhatsApp.
We will provide you with some initial quotes and options. Once you are happy that you have selected the right cover for you we will then take you through the necessary Health & Lifestyle questions. Because the insurer needs to know your full health profile including medical history, personal habits, family history,etc. these questions can be quite personal! That is why we have various ways to complete these, depending on what feels comfortable for you. You can fill these out through an online link, through an appointment at our office or over the phone with one of our team.
Whether your budget is big or small, if you want full protection or just a bit of protection we will tailor a policy so it exactly matches your needs. What’s the best part? Our service is completely free!! Have a read of our life insurance page or to speak to one of our life insurance advisers call 02392373235 or alternatively get in touch via WhatsApp.
If you have medical conditions it is still worth investigating if you can get a life insurance policy for the cover you need. There are many types of policies and indeed life insurance companies. There are companies that specialise at giving cover for pre-existing medical conditions. These companies look at your personal circumstances and sometimes have policies for specific illnesses, for example, high blood pressure. It is worth getting advice as having a life insurance policy that pays out to your loved ones if you pass away is very important.
You need to get sound advice before you put a policy in trust as it will depend on your personal circumstances.
Putting a life insurance policy in trust involves a legal arrangement that helps to ensure that if you pass away the lump sum from that policy is used as you wanted. For example, a lump sum to go to loved ones. If you do not have a trust, then the money will be used to pay off any debts you have left outstanding when you pass away.
All brokers registered in England are authorised and regulated by the Financial Conduct Authority FCA.
This is for your protection and to make sure that the service and advice level is sound.
“Financial markets need to be honest, fair and effective so that consumers get a fair deal.We aim to make markets work well – for individuals, for business, large and small, and for the economy as a whole.We do this by regulating the conduct of more than 59,000 businesses. We are also the prudential regulator for more than 18,000 of these businesses.” – Financial Conduct Authority FCA
You can get a competitive life insurance quote here!
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