Thinking of Buying Life Insurance?

Quote Me Simple value helping people find the perfect life insurance cover to ensure their nearest and dearest are protected and as well as providing themselves that peace of mind in the event of an emergency. We prioritise you, we can build a bespoke life insurance cover that is tailored specifically to you and your circumstances. Having a personalised cover will make sure that you are insured for the right amount of time and money and can find you the best deal as possible.

Do you truly understand what a good life insurance deal looks like?

There are multiple questions that you will want to ask when purchasing life insurance, and it becomes very easy to lose your way or perhaps even forget a few main questions.

To make this process easier and simple for you, we have created a list of a few of the most important questions that you need to know when buying life insurance.

The length of time that your life insurance should last really depends on what is best for you and what you need. For example, if you insure for 20 years, this could make sure that your children are covered along their journey into adulthood, after this you can then reassess your life insurance needs,

However, if you were to opt for the whole Life insurance cover this could help with keeping costs low in the long run. This is due to your risk being worked out when you are younger and healthier.

The length of time that your life insurance should last really depends on what is best for you and what you need. For example, if you insure for 20 years, this could make sure that your children are covered along their journey into adulthood, after this you can then reassess your life insurance needs,

However, if you were to opt for the whole Life insurance cover this could help with keeping costs low in the long run. This is due to your risk being worked out when you are younger and healthier.

The length of time that your life insurance should last really depends on what is best for you and what you need. For example, if you insure for 20 years, this could make sure that your children are covered along their journey into adulthood, after this you can then reassess your life insurance needs,

However, if you were to opt for the whole Life insurance cover this could help with keeping costs low in the long run. This is due to your risk being worked out when you are younger and healthier.

Life Insurance is meant to compliment your lifestyle and provide you with peace of mind, not added money concerns. Therefore, it is worth having a look into how much you could afford in monthly payments. 

It is always best to shop around and use price comparison sites to double-check that you are getting the best cover suited for you and your lifestyle. Why not use our Life Insurance calculator to find out how much Life Insurance cover you might need.

A few variations of Life Insurance may need the medical examination from your GP in order to work out the monthly costs. Other Life Insurance don’t require any medical and will just ask you a series of questions which are easily answered online.

You will need to cross-reference the services that each provider to work out who is going to give you the best and smooth experience without it affecting your cover.

Placing your Life Insurance policy can have many benefits. It isn’t just tax-efficient. It also removes the probate period and potentially lead in much quicker pay-outs.

The benefit of tax efficiency stems from the fact that writing your Life Insurance within a trust does not count towards the scale of your estate, helping you to avoid inheritance tax. Not only this but, it also allows you to specify which particular person benefits from your policy, the pay-outs, the terms of how they will benefit and also let you put in additional safeguards against unexpected changes.

According to the UK law, a Will does not overrule a Life Insurance policy. A will is simply a statement of what you want to happen in the event of your death. On the other hand, a Life Insurance policy is a legal and formal contract.

This offers a chance for possible conflict between your Life Insurance and your Will, in particular if you were to marry, divorce or remarry. To prevent these conflicts from happening you can have your Will and Life Insurance policy written by the same person. 

In life, a lot of things can change, sometimes these changes can happen within a very small amount of time. Whether this is moving house, selling or buying a property, have children or many other things which all affect your need for Life Insurance.

Employers may offer Life Insurance to their staff, this could possibly just a perk of the job or to protect themselves from the financial repercussions of loosing a vital member of staff.

Before you delve into getting your Life Insurance set up, double check that your place of work do or don’t already offer it and to gather the terms of the provided cover. This is because it could affect how much cover you need as well as changing the specific role that you may need your Life Insurance to offer.

Having extras such as Terminal Illness and Critical Illness cover, could lead to a lump sum payout if you were to develop a recognised, pre-agreed life-changing condition.

If you think you’ll benefit from this type of extra protection, look into what your insurer offers along with the circumstances in which they would pay out. This income could help to make adaptations to your current lifestyle or perhaps maintain your quality of life.

For some, it is rather popular to opt for paying a larger amount of money each month when they are in their younger years, in order to lessen the payments required later down the line.

A selection of Life Insurance providers may let you do this, therefore you need to this option is available to you. Whether you could pay above the odds immediately or not, your circumstances may change and this could be a useful potential.

A handful of mortgage providers will ask for you to have Life Insurance even before they consider lending to you, so that their investment is protected. When choosing your Life Insurance policy you will benefit from checking that your policy compliments the conditions stated by your mortgage provider. If the policy does not meet the needs of your mortgage provider, you can get extra cover to ensure that you do satisfy the mortgage providers requirements.

Insurers that have a great reputation should be eager to shout about their credentials and their track record, if your insurer is reluctant to speak about their past, you should be wary. 

A great way to find out whether your insurer is right for you, is to explore price comparison sites and consumer groups. To get the best advice, the best place to go is to those who have just gone through getting cover themselves, so when exploring these sites, look out for reviews from other consumers.

Speak with our friendly team of experts today to discuss the options and decisions to select when setting up your Life Insurance. On the other hand, feel free to use our online Life Insurance quote tool to get a fast quote and take those first steps towards ensuring you have got that peace of mind for your loved ones.

Have we made you think about all the potential ways you could benefit from having Life Insurance cover? Contact us today and we will get you all set up!