A Life insurance Company
Post From: 1st Insurance
Monday, August 31, 2020
Coronavirus Life Insurance
Coronavirus Life Insurance
We understand that this is a very unsettling time and are closely monitoring the Coronavirus 2019-nCOV outbreak. We know you are experiencing a high level of inquiries from your customers and as always we are here to support you, so we’ve created some answers to frequently asked questions which may help. We will continue to update this website with Coronavirus Life Insurance information as it develops.
Corona Virus Life Insurance Agents Near Me
Here for our customers: at 1st Insurance we are privileged to have served our customers and communities in the UK for over a hundred years. We are committed to playing our part by supporting those who need us. Find out more about the three simple principles we are committing to at this time.
Life Insurance Best
When you purchase any kind of life insurance, whether it’s over 50s life insurance or a different kind of policy, you’re effectively buying peace of mind that when you die your loved ones will be provided with a cash lump sum.
This can be put towards anything they want, so it could be used to clear debts, cover living costs, or to pay for your funeral bills. However, over 50s cover has several distinct differences to other kinds of life insurance.
Life Insurance Uk Cost
When you make your application, you can decide either how much you wish to pay each month – which, combined with the desired length of your policy and the type of insurance you want, will give you a projected payout – or you can decide the size of your payout. In the latter case, the insurer will then work out an average life insurance cost spread over monthly premiums.
Since it’s difficult to determine an average life insurance cost for everyone, you will need to assess what your personal needs and circumstances are to get an accurate life insurance estimate. Considerations may be your mortgage, your cost of living, how much your life insurance costs will be dictated by the type of insurance you need, the size of the payout you want and your existing savings or saleable assets. As a rule of thumb, the lower the payout, the lower the monthly premiums.
Life insurance premiums are also based on the risk the policy holder poses to the insurer. Therefore, the higher the risk, the higher the premiums. More detail is given on what is considered higher risk below, or you can take a look at our guide.
A Life insurance Company
Post From: 1st Insurance
Best Life Insurance UK
Find the best life insurance UK plan to protect your family*
1st Insurance exists to help people like you find the best life insurance UK quotes to ensure peace of mind for the future. You’ll find it’s really easy to compare different quotes from all the top UK life insurance providers. Finding the right best life insurance protects your entire family if tragic circumstances cause your life to be cut short.
Get your free quotes now, and compare Life Insurances in the UK
We’re truly proud of our reputation for finding the best life insurance UK cover for thousands of families across the UK. We understand just how sensitive the issues surrounding life insurance can be and, with our help, you can easily compare different policies to find the cover that suits you, with absolutely no obligation.
Reasons to take out best life insurance now
Nobody wants to think about death. Let alone talk about all the different ways the loss of a parent in the prime of life can impact all family members. It’s sad to say that 45,000 children in the UK lose a parent each year. But, taking out best life insurance offers some peace of mind and a safety net. You can rest assured that if the very worst were to happen, a lump sum payment would eliminate some of the worries and most pressing hardships your family may face.
Life Insurance Mission
The 1st Insurance mission is to help UK parents and families find the essential life insurance policy needed to provide peace of mind. It’s free and easy to compare quotes from top life insurers online.
We just need a bit of personal information about you, then we put you in contact with an authorised, FCA registered broker who can provide you with the essential quotes needed in just a few minutes. This saves you all the time and hassles of speaking with each insurer personally.
A Life insurance Company
Post From: 1st Insurance
Best Life Insurance UK
Find the best life insurance UK plan to protect your family*
1st Insurance exists to help people like you find the best life insurance UK quotes to ensure peace of mind for the future. You’ll find it’s really easy to compare different quotes from all the top UK life insurance providers. Finding the right best life insurance protects your entire family if tragic circumstances cause your life to be cut short.
Get your free quotes now, and compare Life Insurances in the UK
We’re truly proud of our reputation for finding the best life insurance UK cover for thousands of families across the UK. We understand just how sensitive the issues surrounding life insurance can be and, with our help, you can easily compare different policies to find the cover that suits you, with absolutely no obligation.
Reasons to take out best life insurance now
Nobody wants to think about death. Let alone talk about all the different ways the loss of a parent in the prime of life can impact all family members. It’s sad to say that 45,000 children in the UK lose a parent each year. But, taking out best life insurance offers some peace of mind and a safety net. You can rest assured that if the very worst were to happen, a lump sum payment would eliminate some of the worries and most pressing hardships your family may face.
Life Insurance Mission
The 1st Insurance mission is to help UK parents and families find the essential life insurance policy needed to provide peace of mind. It’s free and easy to compare quotes from top life insurers online.
We just need a bit of personal information about you, then we put you in contact with an authorised, FCA registered broker who can provide you with the essential quotes needed in just a few minutes. This saves you all the time and hassles of speaking with each insurer personally.
A Life insurance Company
Post From: 1st Insurance
Sunday, August 30, 2020
covid 19 insurance
Coronavirus latest
The government has announced that the NHS will cancel all elective and non-emergency procedures in NHS hospitals. Any procedures or consultations for conditions which are not life-threatening, or time-critical, will be cancelled.
The government has also recently announced an agreement between the NHS and private facilities which will see them reallocate much of their national capacity to support the NHS and help to meet the unprecedented demand for clinical care anticipated over the coming weeks and months.
We understand that you'll be concerned about how this might affect your health insurance policy, and we’ve provided clarification in the Your questions answered section below.
In addition to the continuation of urgent care pathways as outlined above, you'll be able to access the majority of other services and benefits (subject to your particular policy coverage).
These services include:
- Physiotherapy through Back2Better- our supplier is operational, and they are setting up additional virtual consultation capability
- Mental health support through Mental Health Pathway and outpatient mental health treatment – our supplier is operational, and they are setting up additional virtual consultation capability
- NHS cash benefit - this existing benefit will be available for any customers hospitalised as a result of COVID-19
- Aviva Digital GP
- Stress Counselling Helpline
- Dental & Optical
- GP minor surgery
- Baby bonus
We’re working hard to support you
These are unsettling times for everyone, and the health of our customers and staff remains priority. We want to reassure you that whilst we are all doing things slightly differently right now, we’re doing everything we can to keep you updated on how coronavirus (COVID-19) affects your insurance.
To help answer your questions, we’ve pulled together some guidance below for each of our policies and continue to update these pages as things develop.
The terms and conditions of our policies haven’t changed; however, the availability of private treatment has been restricted by the COVID-19 pandemic. If your treatment is available privately, your cover will still apply.
A Life insurance Company
Post From: 1st Insurance
Life Insurance in UK
Best Life Insurance in UK?
best Life Insurance in UK helps give your family financial protection should you pass away within the policy term. It lets you leave a lump sum behind – helping your loved ones maintain their living standards or pay mortgage costs.
It’s up to you how much cover you want. Our flexible protection is available from just £5 a month, and we’ll ask as few as 5 questions once you have a quote to understand if we can offer you cover.
How does best life insurance work?
Our cover pays out a cash lump sum if you pass away or are diagnosed with a terminal illness where you’re not expected to live longer than 12 months. Everyone’s circumstances are different, but here are a few things to think about before you take out cover.
Do you need best life insurance?
Life Insurance in UK - Take the time to consider how much money your loved ones might need to maintain their living standards if you were to pass away. This might include costs such as bills, mortgage repayments, school fees and any other debts you might need to repay.
How long do I need cover for?
When it comes to how long you need cover for, think about how long your kids will need financial support, or when your other half might retire.
Joint or separate life insurance policy?
If you and your partner would like combined cover, you can take out a joint policy. This pays out once and won’t provide cover for the second person after the first passes away.
You can also both take out two separate policies. So once we pay out for one person their policy will end – but the second person’s policy will continue.
Are you eligible for life insurance?
In most cases, you can get best life insurance even if you have medical conditions – you just need to tell us about them when you apply. When you’ve completed your application, we’ll let you know whether we can offer you cover, and how much it will cost.
How much cover will you need?
Your life insurance cover amount reflects how much money would be paid out if you pass away. So it’s worth considering how much your loved ones might need to pay off a mortgage or keep up repayments, settle any debts and pay for general living costs. This will depend on your personal circumstances.
Life insurance and critical illness cover
When you apply for best life insurance, you can add critical illness cover. They’re separate policies and cover you for different things, but you can buy them together.
Because they’re not combined, a successful critical illness claim won’t affect your best life insurance policy, which will still pay out if you pass away during the policy term.
Discover more about choosing between joint and separate policies with our helpful article.
A Life insurance Company
Post From: 1st Insurance
Insurance Cash Back Offers
Insurance Cash Back Offers
There are quite a few life Insurance Cash Back Offers on sites like TopCashback at the moment. With Beagle Street, for example, you can pocket anything from £55 to £750 depending on the size of your monthly premium, while taking out a policy with LV= could earn you between £50 and £1,000, again dependent on how much the cover costs you each month.
Other insurers offering cashback when you select a policy through TopCashback include Aviva, Royal London and Virgin Money.
The life insurance cashback deals
It’s the same names offering life insurance customers cashback if you use Quidco instead, though the cashback amounts do vary a little. In order to pocket the money there are quite a few terms to follow, such as ensuring you keep up your payments for at least six months, while you generally cannot have previously bought life Insurance Cash Back Offers through that specific provider in the last 12 months.
Insurance premium and Cash Back
| Monthly Premium | Cash Back |
|---|---|
| Monthly premium £250 and plus | £1000 |
| Monthly Premium £200-£230 | £850 |
| Mothly Premium £150-£180 | £750 |
| Monthly Premium £120-£140 | £600 |
| Monthly Premium £90 -£100 | £400 |
| Monthly Premium £60.01-£70 | £300 |
| Monthly Premium £50.01-£60 | £250 |
| Monthly Premium £40.01-£50 | £200 |
| Monthly Premium £30.01-£40 | £150 |
| Monthly Premium £25.01 - £30 | £125 |
| Monthly Premium £20.01 - £25 | £100 |
| Monthly Premium £15.01 - £20 | £75 |
| Monthly Premium £10.01 - £15 | £50 |
Find the right cover for you at the best price and save even more with our Admiral Car Insurance cashback deals. No matter if you are looking to insure one car, four cars or are a young driver looking for cover, they offer single car, MultiCar and LittleBox black box insurance, as well as car sharing, learner and classic car insurance.
Insurance Cash Back Offers and Deals
Choose from third party, third party, fire and theft or comprehensive cover and get a quote online to see how big a saving you could make. Benefit from a courtesy car and 90 days of European cover with a comprehensive policy, while you can add extras such as breakdown cover and motor legal protection.
Customers can log in to their account to view documents, while you will find contact numbers if you need to make a claim. Sign up to TopCashback using the form at the bottom of this page and buy today. As well as car insurance, Admiral provide other financial services, such as loans, as well as life insurance, including cover for business use should you need it for work.
A Life insurance Company
Post From: 1st Insurance
Saturday, August 29, 2020
covid 19 insurance
Coronavirus latest
The government has announced that the NHS will cancel all elective and non-emergency procedures in NHS hospitals. Any procedures or consultations for conditions which are not life-threatening, or time-critical, will be cancelled.
The government has also recently announced an agreement between the NHS and private facilities which will see them reallocate much of their national capacity to support the NHS and help to meet the unprecedented demand for clinical care anticipated over the coming weeks and months.
We understand that you'll be concerned about how this might affect your health insurance policy, and we’ve provided clarification in the Your questions answered section below.
In addition to the continuation of urgent care pathways as outlined above, you'll be able to access the majority of other services and benefits (subject to your particular policy coverage).
These services include:
- Physiotherapy through Back2Better- our supplier is operational, and they are setting up additional virtual consultation capability
- Mental health support through Mental Health Pathway and outpatient mental health treatment – our supplier is operational, and they are setting up additional virtual consultation capability
- NHS cash benefit - this existing benefit will be available for any customers hospitalised as a result of COVID-19
- Aviva Digital GP
- Stress Counselling Helpline
- Dental & Optical
- GP minor surgery
- Baby bonus
We’re working hard to support you
These are unsettling times for everyone, and the health of our customers and staff remains priority. We want to reassure you that whilst we are all doing things slightly differently right now, we’re doing everything we can to keep you updated on how coronavirus (COVID-19) affects your insurance.
To help answer your questions, we’ve pulled together some guidance below for each of our policies and continue to update these pages as things develop.
The terms and conditions of our policies haven’t changed; however, the availability of private treatment has been restricted by the COVID-19 pandemic. If your treatment is available privately, your cover will still apply.
A Life insurance Company
Post From: 1st Insurance
Covid 19 Health Insurance
Covid 19 Health Insurance
Covid 19 Health Insurance is essential for protecting your family in the event of your death, making sure they’re able to afford what they need without your income.
Covid 19 Health Insurance - The spread of the Coronavirus is unusual in modern times, and insurers understand this is an especially difficult time for the families and businesses.
No insurance market provides the widespread insurance coverage Covid 19 Health Insurance for invasion, and the United Kingdom (UK) is no exception. This type of cover to be available and affordable, would require a very significant subsidy from government - given the scale of the business disruption we have seen with the COVID-19 pandemic. Instead, standard commercial insurance policies – the type the vast majority of businesses purchase – provide cover against a wide range of day to day risks including damage caused by fire, flood, theft and accidents involving employees.
Every day, the insurers action claims of £22m to the firms through business insurance policies, supporting the millions of firms across the UK (United Kingdom) each year. As recognized by industry regulator, in letter to the insurance CEOs, the FCA said: “most policies have basic cover” and “do not cover pandemics, and the insurers have no obligation to pay out in the relation to COVID-19 pandemic”. In the instance where there are valid claims, Our members are working tirelessly to the support their customers, through the swift payment of the valid claims, interim payments to their customers, and providing the clear and quick answers to their questions.
Covid 19 Health Insurance
On the valid claims, only a small number of businesses choose to buy any form of cover that includes business interruption due to a notifiable or infectious disease. Usually, these extensions list the very specific diseases which are covered, not the any notifiable disease that may emerge, such as COVID-19. An even smaller number of these businesses will have cover where the notifiable or infectious disease is unspecified, potentially enabling them to claim for the impact of the COVID-19 pandemic.
However, such the policies often only apply when disease is present at premises. These policies will cover the interruption to the trade caused where business premises have been infected by an illness such as Legionnaires' disease or Norovirus and where building needs to be closed and cleaned to deal with specific incident.
Can I still get cover?
Yes, absolutely, all the our insurers are taking on new customers.
Will I be covered for Coronavirus (COVID-19) if I take a new policy?
If you become ill, critically ill or were to die from the Coronavirus, yes your provider will support the your claim.
We don’t have the any ‘blanket’ exclusions due to the coronavirus. Life and CI claims will be assessed as normal, subject to usual claim assessment and meeting of claim definitions.
Have prices increased since the outbreak?
No, prices remaining same, insurers have not increased prices due to the COVID-19.
Is it worth me reviewing cover?
Yes, absolutely. We offer all the clients a free review, we may be able to save you money and get you increased cover.
Can I get cover if I'm a frontline NHS worker?
Yes, we still have a number of providers that will offer you terms, even if you have been in contact with someone suspected of having Coronavirus.
A Life insurance Company
Post From: 1st Insurance
Friday, August 28, 2020
Life Insurance Comparison
[vc_row][vc_column width="1/2"][vc_custom_heading text="What is Life Insurance Comparison?" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]A life Insurance policy pays out a lump sum to your relatives or other beneficiaries in the unfortunate even of your death, offering you peace of mind and financial security at the most difficult of times.[/vc_column_text][vc_custom_heading text="The best way to compare life insurance" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]To compare the best life insurance policies with 1st Insurance, simply click the ‘get a quote’ button. You’ll be asked to fill in a short form, providing us with some basic details about yourself and the kind of policy you’re after. Once you’ve submitted the form, a broker will be in touch who will go over your options with you. All you need to do is choose the policy you think best suits your needs.[/vc_column_text][/vc_column][vc_column width="1/2"][vc_custom_heading text="How much does a life insurance policy cost?" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]Life Insurance Comparison - Life insurance is an important product, and it doesn’t have to be expensive. Policies start from £5 a month but costs do vary depending on a few things, including:[/vc_column_text][rt_list_style style_variation="two" list_icon_test="4b37b2fd-cecc-6"]
- The type of policy you take out
- The length of the policy term
- Your age
- The amount of cover you require
- Your health
- Your lifestyle (including whether or not you smoke)
[/rt_list_style][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text="What Are the Benefits of Life Insurance" use_theme_fonts="yes"][vc_column_text]Life Insurance Comparison can offer an important helping hand to any financial dependants you have should you pass away. The pay-out will help cover general expenses like bills or food shopping that you might have been responsible for. But life insurance policies are often taken out to cover debts or expenses like mortgages or funeral costs.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text="What Kind of Life Insurance Policies Are Available?" use_theme_fonts="yes"][vc_column_text]Choosing the right cover is important. There are a two basic types of Life Insurance Comparison that we can help you find, each suitable for different situations. Here’s a quick rundown:[/vc_column_text][vc_custom_heading text="Level Term Life Insurance" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]A level term plan will pay out a fixed amount to your beneficiaries if you die within a set term. The term length is decided at the start of the policy, and the pay-out stays the same no matter how far into the term you get.
Terms can range from anywhere between 5 and 50 years, but 10-25 years is typical.
Level term cover tends to be more expensive than decreasing term cover, but it’s perfect if you want a policy that will ensure that your dependents are provided for financially until they can better take care of themselves.[/vc_column_text][vc_custom_heading text="Decreasing Term Life Insurance" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]Decreasing term insurance policies are designed to help your dependents pay off a specific debt such as a mortgage. A term is set, as with level term cover, but the pay-out gets smaller as the term progresses, reflecting the size of the remaining debt. Decreasing term cover is also known as mortgage life insurance.
The term length should will be identical to the remaining term of your mortgage (or other debt). As the pay-out decreases over time, these policies tend to be cheaper than level term policies.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text="What Will My Life Insurance Policy Cover?" use_theme_fonts="yes"][vc_column_text]Life insurance policies are designed to pay out upon the death of the policy holder. However, even though we will all die one day, this does not mean that every policy will always pay out. Whether or not your loved ones will receive a payout is dependent upon the intricacies of your specific plan and what its exact terms and conditions are. Most policies are only designed to cover you for a certain period of your life. This means that if you die within this timeframe, your family will receive a payout in line with the amount outlined by your policy.
This type of Life Insurance Comparison is known as "term life insurance", pays out regardless of the time of your death is known as "life assurance" because of the fact that you are assured a payout.[/vc_column_text][vc_custom_heading text="Getting Cheaper Life Insurance: how much cover do I need?" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]To work out how much cover you need you should work out exactly what you need it for. If you’re taking out a policy so that your dependants can pay off your mortgage when you die, then you should take out a decreasing term life insurance policy with the same value as your remaining mortgage debt.
Otherwise it’s worth trying to add up roughly what you spend regularly on behalf of your dependants. If your children are younger, then you’ll likely want to opt for more cover than if they’re older, when they’re more likely to be financially independent. Read our guide on Life Insurance Comparison for further info.[/vc_column_text][vc_custom_heading text="Finding the best life insurance policy: how long should my term be?" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]This also depends on your reasons for taking out your cover. If your priority is to find a policy that will help your dependants cope with any debts you leave after you pass away, then you should time your policy accordingly. If the debts will be paid off within 10 years, you probably don’t need your policy to last much longer than that.
It might be the case that even when your debts are all paid off, your children might not be old enough to be fully financially independent. In this case, you might want to extend the term of your life cover until they are. If you have very young children, then you may want to get a considerably longer term than somebody who has children who are already in their 20s.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text="Life Insurance FAQs" use_theme_fonts="yes"][rt_accordion_style add_animation="true"][rt_accordion_style_item radiant_accordiontitle="Should I consider life insurance?"]Life Insurance Comparison can be a very important consideration for most people who want to make sure that they have put measures in place to provide their loved ones with financial security in the event of their death. It can be a great way to make sure that your debts are paid off if you pass away, including things such as the remainder of your mortgage. It can also pay for your funeral and can help your family cover their everyday expenses.
Having said all of this, best Life Insurance Comparison is not necessary a worthwhile investment for everybody. If you are somebody who does not have any financial dependants and you are single, you may not want to spend your money on something that will only yield benefits when you are no longer around to reap them. In a similar way if you have children but they are of an age where they can provide for themselves financial and no longer rely upon you for their wellbeing or accommodation, there may be no real need for you to commit to this financially.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Do employers offer life insurance?"]There are many employers who offer what is referred to as a death-in-service benefit. This death-in-service benefit is a payment that your family will receive from the company that employs you, if you die whilst still being employed by them. This benefit will come in the form of a lump sum and normally equals about four times your yearly salary. This can sometimes be enough to help your family with the immediate financial burden that they will be placed under but you may want to take out some extra cover depending on what you need.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How does term life insurance work?"]Term life insurance or best Life Insurance Comparison is the most commonly chosen form of policy and is the most affordable - when compared to life assurance. This works on the basis of deciding on a set period and covering you for that - this time period is what is referred to as the term. This means that if you agreed upon plan lasted for a 20-year term, you would be covered for that period and if you were to die, your family would receive a payout. Once the agreed upon term has finished, your cover will expire and your family will no longer receive a payout in the event of your death.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How does your payout change over time?"]The answer to this question changes depending on the type of insurance policy that you take out. If you take out a level term insurance policy, the amount that you receive as a payout will stay the same no matter when you die - provided you die within the term of the policy.
You also have the option of taking out a decreasing term life insurance policy, these policies give a lower payout the longer that the policy goes on for. This means that if you were to die in the first year of your policy, your family could receive something like £150,000. If you were to die in the last year of your policy, your family would receive a much lower sum. The main reason that people take out decreasing term policies is to cover their outstanding debts in the event of their death. Things such as mortgages will be paid off as time passes and you move through the term therefore your family will need less money to finish its payment the later your insurance pays out.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How long should I get cover for?"]This is question that purely depends on your own, personal situation. Some people decide to choose a term that will last until their children have reached the age of 18 whilst others choose a term that will go until their children have finished university. It really just comes down to what you want to get out of your life insurance plan. You should also take your age into account when making this decision as that will affect the amount that you pay for your policy.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="What do I do if I want a payout to be guaranteed?"]Some people would like to choose a plan that will make a payout regardless of the time of their death. Fortunately, this is possible to achieve by taking out what is referred to as a whole of life assurance policy. This then means that the payout your family receives will not be dependent on when exactly you pass away. One thing to bear in mind if you do decide to go down this avenue is the fact that the cost of whole of life assurance is normally quite a lot higher than normal term life insurance.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Will my life insurance premiums change throughout the policy?"]The majority of life insurance plans offer what they refer to as "guaranteed" premiums, this means that the amount that you pay is fixed throughout the entirety of the plan and you don't need to worry about them changing unexpectedly. This is worth checking in the fine print before you sign up, because not all of them have "guaranteed" premiums. Some Life Insurance Comparison plans will have what is referred to as "reviewable" premiums, these reviews normally result in price rises since that you will be older than you were when the insurance plan started.
This is different if you were to take a whole of life assurance policy because normally your plan will be tied to an investment, if this investment does not do well, the provider can up the cost of your premiums.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How much should I expect to pay for life insurance?"]The cost of different life insurance policies vary a lot depending on what form of plan you are taking out and also on how large you want the payout to be. As with all forms of insurance, providers are essentially betting against you making a claim. This means that if they view you as a higher risk candidate, they will charge you more for insurance than they would somebody who was at a lower risk. This means that if you are somebody who is in great physical shape and leads a healthy lifestyle, you can expect to pay slightly lower rates on your premium than somebody who is not. They also take age into account when deciding upon the cost of your plan, as a general rule the older you are the more expensive the plan will be however there are other factors taken into account. If you are a smoker, quitting will lower the rates that you need to pay.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Can I get life insurance if I am already ill?"]Some people find it difficult to take out life insurance if they have already been diagnosed with a serious medical condition as there are many insurance companies who will not allow policies to these people. There are however some companies that will still allow you to take out an insurance policy at a higher premium. There are other companies that offer policies which exclude cover for the disease you have been diagnosed with but will cover you if you die from a cause that is unrelated to it. You should check with an insurance company directly to find out exactly what is covered by the policies they offer, this way you can find out if the plan is relevant to you or not before you sign up to it.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How does your payout change over time?"]The answer to this question changes depending on the type of insurance policy that you take out. If you take out a level term insurance policy, the amount that you receive as a payout will stay the same no matter when you die - provided you die within the term of the policy.
You also have the option of taking out Life Insurance Comparison a decreasing term life insurance policy, these policies give a lower payout the longer that the policy goes on for. This means that if you were to die in the first year of your policy, your family could receive something like £150,000. If you were to die in the last year of your policy, your family would receive a much lower sum. The main reason that people take out decreasing term policies is to cover their outstanding debts in the event of their death. Things such as mortgages will be paid off as time passes and you move through the term therefore your family will need less money to finish its payment the later your insurance pays out.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How does term life insurance work?"]Term life insurance is the most commonly chosen form of policy and is the most affordable - when compared to life assurance. This works on the basis of deciding on a set period and covering you for that - this time period is what is referred to as the term. This means that if you agreed upon plan lasted for a 20-year term, you would be covered for that period and if you were to die, your family would receive a payout. Once the agreed upon term has finished, your cover will expire and your family will no longer receive a payout in the event of your death.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Do employers offer life insurance?"]There are many employers who offer what is referred to as a death-in-service benefit. This death-in-service benefit is a payment that your family will receive from the company that employs you, if you die whilst still being employed by them. This benefit will come in the form of a lump sum and normally equals about four times your yearly salary. This can sometimes be enough to help your family in Life Insurance Comparison with the immediate financial burden that they will be placed under but you may want to take out some extra cover depending on what you need.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="What if I want to insure my partner too?"]There are many couples who are now opting to take out what are known as joint life insurance policies that offer shared protection between partners. This offers the benefits of being less complicated because you are required to fill out half as much documentation. They are also considerably cheaper than the alternative of taking out two separate policies - one for each of the individuals. However, when considering one of these policies, it is important to remember that they work on a first death basis when it comes to paying out. This means that the policy will only payout on the first death out of the two policy holders. This will leave the second partner without cover and facing the prospect of higher premiums when taking out a new policy due to their increased age.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Do my family need to pay tax on the payout?"]
The payout that your family receive as the result of your life insurance will not be taxed by capital gains or income tax. However, there is a chance that it may fall under inheritance tax in some situations. This can be easily avoided if you make sure that when you are writing your policy it is written "in trust". Writing it up "in trust" allows the payout to go straight to your dependents without being in anyway affected by inheritance tax.
[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Is the money always paid as a lump sum?"]
You can choose how you would like your family or beneficiaries to receive the life insurance payout in the event of your death. There are some plans that offer to pay out the money as one lump sum and on which your family will simply receive the entire payment at once. Alternatively, you can ask for your family to receive the payment in the form of an income. This often make the money easier to manage for those receiving it.
[/rt_accordion_style_item][/rt_accordion_style][/vc_column][/vc_row]
A Life insurance Company
Post From: 1st Insurance
Life Insurance Comparison
[vc_row][vc_column width="1/2"][vc_custom_heading text="What is Life Insurance Comparison?" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]A life Insurance policy pays out a lump sum to your relatives or other beneficiaries in the unfortunate even of your death, offering you peace of mind and financial security at the most difficult of times.[/vc_column_text][vc_custom_heading text="The best way to compare life insurance" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]To compare the best life insurance policies with 1st Insurance, simply click the ‘get a quote’ button. You’ll be asked to fill in a short form, providing us with some basic details about yourself and the kind of policy you’re after. Once you’ve submitted the form, a broker will be in touch who will go over your options with you. All you need to do is choose the policy you think best suits your needs.[/vc_column_text][/vc_column][vc_column width="1/2"][vc_custom_heading text="How much does a life insurance policy cost?" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]Life Insurance Comparison - Life insurance is an important product, and it doesn’t have to be expensive. Policies start from £5 a month but costs do vary depending on a few things, including:[/vc_column_text][rt_list_style style_variation="two" list_icon_test="4b37b2fd-cecc-6"]
- The type of policy you take out
- The length of the policy term
- Your age
- The amount of cover you require
- Your health
- Your lifestyle (including whether or not you smoke)
[/rt_list_style][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text="What Are the Benefits of Life Insurance" use_theme_fonts="yes"][vc_column_text]Life Insurance Comparison can offer an important helping hand to any financial dependants you have should you pass away. The pay-out will help cover general expenses like bills or food shopping that you might have been responsible for. But life insurance policies are often taken out to cover debts or expenses like mortgages or funeral costs.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text="What Kind of Life Insurance Policies Are Available?" use_theme_fonts="yes"][vc_column_text]Choosing the right cover is important. There are a two basic types of Life Insurance Comparison that we can help you find, each suitable for different situations. Here’s a quick rundown:[/vc_column_text][vc_custom_heading text="Level Term Life Insurance" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]A level term plan will pay out a fixed amount to your beneficiaries if you die within a set term. The term length is decided at the start of the policy, and the pay-out stays the same no matter how far into the term you get.
Terms can range from anywhere between 5 and 50 years, but 10-25 years is typical.
Level term cover tends to be more expensive than decreasing term cover, but it’s perfect if you want a policy that will ensure that your dependents are provided for financially until they can better take care of themselves.[/vc_column_text][vc_custom_heading text="Decreasing Term Life Insurance" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]Decreasing term insurance policies are designed to help your dependents pay off a specific debt such as a mortgage. A term is set, as with level term cover, but the pay-out gets smaller as the term progresses, reflecting the size of the remaining debt. Decreasing term cover is also known as mortgage life insurance.
The term length should will be identical to the remaining term of your mortgage (or other debt). As the pay-out decreases over time, these policies tend to be cheaper than level term policies.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text="What Will My Life Insurance Policy Cover?" use_theme_fonts="yes"][vc_column_text]Life insurance policies are designed to pay out upon the death of the policy holder. However, even though we will all die one day, this does not mean that every policy will always pay out. Whether or not your loved ones will receive a payout is dependent upon the intricacies of your specific plan and what its exact terms and conditions are. Most policies are only designed to cover you for a certain period of your life. This means that if you die within this timeframe, your family will receive a payout in line with the amount outlined by your policy.
This type of Life Insurance Comparison is known as "term life insurance", pays out regardless of the time of your death is known as "life assurance" because of the fact that you are assured a payout.[/vc_column_text][vc_custom_heading text="Getting Cheaper Life Insurance: how much cover do I need?" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]To work out how much cover you need you should work out exactly what you need it for. If you’re taking out a policy so that your dependants can pay off your mortgage when you die, then you should take out a decreasing term life insurance policy with the same value as your remaining mortgage debt.
Otherwise it’s worth trying to add up roughly what you spend regularly on behalf of your dependants. If your children are younger, then you’ll likely want to opt for more cover than if they’re older, when they’re more likely to be financially independent. Read our guide on Life Insurance Comparison for further info.[/vc_column_text][vc_custom_heading text="Finding the best life insurance policy: how long should my term be?" font_container="tag:h3|text_align:left" use_theme_fonts="yes"][vc_column_text]This also depends on your reasons for taking out your cover. If your priority is to find a policy that will help your dependants cope with any debts you leave after you pass away, then you should time your policy accordingly. If the debts will be paid off within 10 years, you probably don’t need your policy to last much longer than that.
It might be the case that even when your debts are all paid off, your children might not be old enough to be fully financially independent. In this case, you might want to extend the term of your life cover until they are. If you have very young children, then you may want to get a considerably longer term than somebody who has children who are already in their 20s.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text="Life Insurance FAQs" use_theme_fonts="yes"][rt_accordion_style add_animation="true"][rt_accordion_style_item radiant_accordiontitle="Should I consider life insurance?"]Life Insurance Comparison can be a very important consideration for most people who want to make sure that they have put measures in place to provide their loved ones with financial security in the event of their death. It can be a great way to make sure that your debts are paid off if you pass away, including things such as the remainder of your mortgage. It can also pay for your funeral and can help your family cover their everyday expenses.
Having said all of this, best Life Insurance Comparison is not necessary a worthwhile investment for everybody. If you are somebody who does not have any financial dependants and you are single, you may not want to spend your money on something that will only yield benefits when you are no longer around to reap them. In a similar way if you have children but they are of an age where they can provide for themselves financial and no longer rely upon you for their wellbeing or accommodation, there may be no real need for you to commit to this financially.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Do employers offer life insurance?"]There are many employers who offer what is referred to as a death-in-service benefit. This death-in-service benefit is a payment that your family will receive from the company that employs you, if you die whilst still being employed by them. This benefit will come in the form of a lump sum and normally equals about four times your yearly salary. This can sometimes be enough to help your family with the immediate financial burden that they will be placed under but you may want to take out some extra cover depending on what you need.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How does term life insurance work?"]Term life insurance or best Life Insurance Comparison is the most commonly chosen form of policy and is the most affordable - when compared to life assurance. This works on the basis of deciding on a set period and covering you for that - this time period is what is referred to as the term. This means that if you agreed upon plan lasted for a 20-year term, you would be covered for that period and if you were to die, your family would receive a payout. Once the agreed upon term has finished, your cover will expire and your family will no longer receive a payout in the event of your death.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How does your payout change over time?"]The answer to this question changes depending on the type of insurance policy that you take out. If you take out a level term insurance policy, the amount that you receive as a payout will stay the same no matter when you die - provided you die within the term of the policy.
You also have the option of taking out a decreasing term life insurance policy, these policies give a lower payout the longer that the policy goes on for. This means that if you were to die in the first year of your policy, your family could receive something like £150,000. If you were to die in the last year of your policy, your family would receive a much lower sum. The main reason that people take out decreasing term policies is to cover their outstanding debts in the event of their death. Things such as mortgages will be paid off as time passes and you move through the term therefore your family will need less money to finish its payment the later your insurance pays out.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How long should I get cover for?"]This is question that purely depends on your own, personal situation. Some people decide to choose a term that will last until their children have reached the age of 18 whilst others choose a term that will go until their children have finished university. It really just comes down to what you want to get out of your life insurance plan. You should also take your age into account when making this decision as that will affect the amount that you pay for your policy.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="What do I do if I want a payout to be guaranteed?"]Some people would like to choose a plan that will make a payout regardless of the time of their death. Fortunately, this is possible to achieve by taking out what is referred to as a whole of life assurance policy. This then means that the payout your family receives will not be dependent on when exactly you pass away. One thing to bear in mind if you do decide to go down this avenue is the fact that the cost of whole of life assurance is normally quite a lot higher than normal term life insurance.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Will my life insurance premiums change throughout the policy?"]The majority of life insurance plans offer what they refer to as "guaranteed" premiums, this means that the amount that you pay is fixed throughout the entirety of the plan and you don't need to worry about them changing unexpectedly. This is worth checking in the fine print before you sign up, because not all of them have "guaranteed" premiums. Some Life Insurance Comparison plans will have what is referred to as "reviewable" premiums, these reviews normally result in price rises since that you will be older than you were when the insurance plan started.
This is different if you were to take a whole of life assurance policy because normally your plan will be tied to an investment, if this investment does not do well, the provider can up the cost of your premiums.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How much should I expect to pay for life insurance?"]The cost of different life insurance policies vary a lot depending on what form of plan you are taking out and also on how large you want the payout to be. As with all forms of insurance, providers are essentially betting against you making a claim. This means that if they view you as a higher risk candidate, they will charge you more for insurance than they would somebody who was at a lower risk. This means that if you are somebody who is in great physical shape and leads a healthy lifestyle, you can expect to pay slightly lower rates on your premium than somebody who is not. They also take age into account when deciding upon the cost of your plan, as a general rule the older you are the more expensive the plan will be however there are other factors taken into account. If you are a smoker, quitting will lower the rates that you need to pay.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Can I get life insurance if I am already ill?"]Some people find it difficult to take out life insurance if they have already been diagnosed with a serious medical condition as there are many insurance companies who will not allow policies to these people. There are however some companies that will still allow you to take out an insurance policy at a higher premium. There are other companies that offer policies which exclude cover for the disease you have been diagnosed with but will cover you if you die from a cause that is unrelated to it. You should check with an insurance company directly to find out exactly what is covered by the policies they offer, this way you can find out if the plan is relevant to you or not before you sign up to it.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How does your payout change over time?"]The answer to this question changes depending on the type of insurance policy that you take out. If you take out a level term insurance policy, the amount that you receive as a payout will stay the same no matter when you die - provided you die within the term of the policy.
You also have the option of taking out Life Insurance Comparison a decreasing term life insurance policy, these policies give a lower payout the longer that the policy goes on for. This means that if you were to die in the first year of your policy, your family could receive something like £150,000. If you were to die in the last year of your policy, your family would receive a much lower sum. The main reason that people take out decreasing term policies is to cover their outstanding debts in the event of their death. Things such as mortgages will be paid off as time passes and you move through the term therefore your family will need less money to finish its payment the later your insurance pays out.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="How does term life insurance work?"]Term life insurance is the most commonly chosen form of policy and is the most affordable - when compared to life assurance. This works on the basis of deciding on a set period and covering you for that - this time period is what is referred to as the term. This means that if you agreed upon plan lasted for a 20-year term, you would be covered for that period and if you were to die, your family would receive a payout. Once the agreed upon term has finished, your cover will expire and your family will no longer receive a payout in the event of your death.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Do employers offer life insurance?"]There are many employers who offer what is referred to as a death-in-service benefit. This death-in-service benefit is a payment that your family will receive from the company that employs you, if you die whilst still being employed by them. This benefit will come in the form of a lump sum and normally equals about four times your yearly salary. This can sometimes be enough to help your family in Life Insurance Comparison with the immediate financial burden that they will be placed under but you may want to take out some extra cover depending on what you need.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="What if I want to insure my partner too?"]There are many couples who are now opting to take out what are known as joint life insurance policies that offer shared protection between partners. This offers the benefits of being less complicated because you are required to fill out half as much documentation. They are also considerably cheaper than the alternative of taking out two separate policies - one for each of the individuals. However, when considering one of these policies, it is important to remember that they work on a first death basis when it comes to paying out. This means that the policy will only payout on the first death out of the two policy holders. This will leave the second partner without cover and facing the prospect of higher premiums when taking out a new policy due to their increased age.[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Do my family need to pay tax on the payout?"]
The payout that your family receive as the result of your life insurance will not be taxed by capital gains or income tax. However, there is a chance that it may fall under inheritance tax in some situations. This can be easily avoided if you make sure that when you are writing your policy it is written "in trust". Writing it up "in trust" allows the payout to go straight to your dependents without being in anyway affected by inheritance tax.
[/rt_accordion_style_item][rt_accordion_style_item radiant_accordiontitle="Is the money always paid as a lump sum?"]
You can choose how you would like your family or beneficiaries to receive the life insurance payout in the event of your death. There are some plans that offer to pay out the money as one lump sum and on which your family will simply receive the entire payment at once. Alternatively, you can ask for your family to receive the payment in the form of an income. This often make the money easier to manage for those receiving it.
[/rt_accordion_style_item][/rt_accordion_style][/vc_column][/vc_row]
A Life insurance Company
Post From: 1st Insurance
Thursday, August 27, 2020
Best Life Insurance UK
Find the best life insurance UK plan to protect your family*
1st Insurance exists to help people like you find the best life insurance UK quotes to ensure peace of mind for the future. You’ll find it’s really easy to compare different quotes from all the top UK life insurance providers. Finding the right best life insurance protects your entire family if tragic circumstances cause your life to be cut short.
Get your free quotes now, and compare Life Insurances in the UK
We’re truly proud of our reputation for finding the best life insurance UK cover for thousands of families across the UK. We understand just how sensitive the issues surrounding life insurance can be and, with our help, you can easily compare different policies to find the cover that suits you, with absolutely no obligation.
Reasons to take out best life insurance now
Nobody wants to think about death. Let alone talk about all the different ways the loss of a parent in the prime of life can impact all family members. It’s sad to say that 45,000 children in the UK lose a parent each year. But, taking out best life insurance offers some peace of mind and a safety net. You can rest assured that if the very worst were to happen, a lump sum payment would eliminate some of the worries and most pressing hardships your family may face.
Life Insurance Mission
The 1st Insurance mission is to help UK parents and families find the essential life insurance policy needed to provide peace of mind. It’s free and easy to compare quotes from top life insurers online.
We just need a bit of personal information about you, then we put you in contact with an authorised, FCA registered broker who can provide you with the essential quotes needed in just a few minutes. This saves you all the time and hassles of speaking with each insurer personally.
A Life insurance Company
Post From: 1st Insurance
Covid 19 Health Insurance
Covid 19 Health Insurance
Covid 19 Health Insurance is essential for protecting your family in the event of your death, making sure they’re able to afford what they need without your income.
Covid 19 Health Insurance - The spread of the Coronavirus is unusual in modern times, and insurers understand this is an especially difficult time for the families and businesses.
No insurance market provides the widespread insurance coverage Covid 19 Health Insurance for invasion, and the United Kingdom (UK) is no exception. This type of cover to be available and affordable, would require a very significant subsidy from government - given the scale of the business disruption we have seen with the COVID-19 pandemic. Instead, standard commercial insurance policies – the type the vast majority of businesses purchase – provide cover against a wide range of day to day risks including damage caused by fire, flood, theft and accidents involving employees.
Every day, the insurers action claims of £22m to the firms through business insurance policies, supporting the millions of firms across the UK (United Kingdom) each year. As recognized by industry regulator, in letter to the insurance CEOs, the FCA said: “most policies have basic cover” and “do not cover pandemics, and the insurers have no obligation to pay out in the relation to COVID-19 pandemic”. In the instance where there are valid claims, Our members are working tirelessly to the support their customers, through the swift payment of the valid claims, interim payments to their customers, and providing the clear and quick answers to their questions.
Covid 19 Health Insurance
On the valid claims, only a small number of businesses choose to buy any form of cover that includes business interruption due to a notifiable or infectious disease. Usually, these extensions list the very specific diseases which are covered, not the any notifiable disease that may emerge, such as COVID-19. An even smaller number of these businesses will have cover where the notifiable or infectious disease is unspecified, potentially enabling them to claim for the impact of the COVID-19 pandemic.
However, such the policies often only apply when disease is present at premises. These policies will cover the interruption to the trade caused where business premises have been infected by an illness such as Legionnaires' disease or Norovirus and where building needs to be closed and cleaned to deal with specific incident.
Can I still get cover?
Yes, absolutely, all the our insurers are taking on new customers.
Will I be covered for Coronavirus (COVID-19) if I take a new policy?
If you become ill, critically ill or were to die from the Coronavirus, yes your provider will support the your claim.
We don’t have the any ‘blanket’ exclusions due to the coronavirus. Life and CI claims will be assessed as normal, subject to usual claim assessment and meeting of claim definitions.
Have prices increased since the outbreak?
No, prices remaining same, insurers have not increased prices due to the COVID-19.
Is it worth me reviewing cover?
Yes, absolutely. We offer all the clients a free review, we may be able to save you money and get you increased cover.
Can I get cover if I'm a frontline NHS worker?
Yes, we still have a number of providers that will offer you terms, even if you have been in contact with someone suspected of having Coronavirus.
A Life insurance Company
Post From: 1st Insurance
Best Life Insurance UK
Find the best life insurance UK plan to protect your family*
1st Insurance exists to help people like you find the best life insurance UK quotes to ensure peace of mind for the future. You’ll find it’s really easy to compare different quotes from all the top UK life insurance providers. Finding the right best life insurance protects your entire family if tragic circumstances cause your life to be cut short.
Get your free quotes now, and compare Life Insurances in the UK
We’re truly proud of our reputation for finding the best life insurance UK cover for thousands of families across the UK. We understand just how sensitive the issues surrounding life insurance can be and, with our help, you can easily compare different policies to find the cover that suits you, with absolutely no obligation.
Reasons to take out best life insurance now
Nobody wants to think about death. Let alone talk about all the different ways the loss of a parent in the prime of life can impact all family members. It’s sad to say that 45,000 children in the UK lose a parent each year. But, taking out best life insurance offers some peace of mind and a safety net. You can rest assured that if the very worst were to happen, a lump sum payment would eliminate some of the worries and most pressing hardships your family may face.
Life Insurance Mission
The 1st Insurance mission is to help UK parents and families find the essential life insurance policy needed to provide peace of mind. It’s free and easy to compare quotes from top life insurers online.
We just need a bit of personal information about you, then we put you in contact with an authorised, FCA registered broker who can provide you with the essential quotes needed in just a few minutes. This saves you all the time and hassles of speaking with each insurer personally.
A Life insurance Company
Post From: 1st Insurance
covid 19 insurance
Coronavirus latest
The government has announced that the NHS will cancel all elective and non-emergency procedures in NHS hospitals. Any procedures or consultations for conditions which are not life-threatening, or time-critical, will be cancelled.
The government has also recently announced an agreement between the NHS and private facilities which will see them reallocate much of their national capacity to support the NHS and help to meet the unprecedented demand for clinical care anticipated over the coming weeks and months.
We understand that you'll be concerned about how this might affect your health insurance policy, and we’ve provided clarification in the Your questions answered section below.
In addition to the continuation of urgent care pathways as outlined above, you'll be able to access the majority of other services and benefits (subject to your particular policy coverage).
These services include:
- Physiotherapy through Back2Better- our supplier is operational, and they are setting up additional virtual consultation capability
- Mental health support through Mental Health Pathway and outpatient mental health treatment – our supplier is operational, and they are setting up additional virtual consultation capability
- NHS cash benefit - this existing benefit will be available for any customers hospitalised as a result of COVID-19
- Aviva Digital GP
- Stress Counselling Helpline
- Dental & Optical
- GP minor surgery
- Baby bonus
We’re working hard to support you
These are unsettling times for everyone, and the health of our customers and staff remains priority. We want to reassure you that whilst we are all doing things slightly differently right now, we’re doing everything we can to keep you updated on how coronavirus (COVID-19) affects your insurance.
To help answer your questions, we’ve pulled together some guidance below for each of our policies and continue to update these pages as things develop.
The terms and conditions of our policies haven’t changed; however, the availability of private treatment has been restricted by the COVID-19 pandemic. If your treatment is available privately, your cover will still apply.
A Life insurance Company
Post From: 1st Insurance
Wednesday, August 26, 2020
Coronavirus Life Insurance
Coronavirus Life Insurance
We understand that this is a very unsettling time and are closely monitoring the Coronavirus 2019-nCOV outbreak. We know you are experiencing a high level of inquiries from your customers and as always we are here to support you, so we’ve created some answers to frequently asked questions which may help. We will continue to update this website with Coronavirus Life Insurance information as it develops.
Corona Virus Life Insurance Agents Near Me
Here for our customers: at 1st Insurance we are privileged to have served our customers and communities in the UK for over a hundred years. We are committed to playing our part by supporting those who need us. Find out more about the three simple principles we are committing to at this time.
Life Insurance Best
When you purchase any kind of life insurance, whether it’s over 50s life insurance or a different kind of policy, you’re effectively buying peace of mind that when you die your loved ones will be provided with a cash lump sum.
This can be put towards anything they want, so it could be used to clear debts, cover living costs, or to pay for your funeral bills. However, over 50s cover has several distinct differences to other kinds of life insurance.
Life Insurance Uk Cost
When you make your application, you can decide either how much you wish to pay each month – which, combined with the desired length of your policy and the type of insurance you want, will give you a projected payout – or you can decide the size of your payout. In the latter case, the insurer will then work out an average life insurance cost spread over monthly premiums.
Since it’s difficult to determine an average life insurance cost for everyone, you will need to assess what your personal needs and circumstances are to get an accurate life insurance estimate. Considerations may be your mortgage, your cost of living, how much your life insurance costs will be dictated by the type of insurance you need, the size of the payout you want and your existing savings or saleable assets. As a rule of thumb, the lower the payout, the lower the monthly premiums.
Life insurance premiums are also based on the risk the policy holder poses to the insurer. Therefore, the higher the risk, the higher the premiums. More detail is given on what is considered higher risk below, or you can take a look at our guide.
A Life insurance Company
Post From: 1st Insurance
Covid 19 Health Insurance
Covid 19 Health Insurance
Covid 19 Health Insurance is essential for protecting your family in the event of your death, making sure they’re able to afford what they need without your income.
Covid 19 Health Insurance - The spread of the Coronavirus is unusual in modern times, and insurers understand this is an especially difficult time for the families and businesses.
No insurance market provides the widespread insurance coverage Covid 19 Health Insurance for invasion, and the United Kingdom (UK) is no exception. This type of cover to be available and affordable, would require a very significant subsidy from government - given the scale of the business disruption we have seen with the COVID-19 pandemic. Instead, standard commercial insurance policies – the type the vast majority of businesses purchase – provide cover against a wide range of day to day risks including damage caused by fire, flood, theft and accidents involving employees.
Every day, the insurers action claims of £22m to the firms through business insurance policies, supporting the millions of firms across the UK (United Kingdom) each year. As recognized by industry regulator, in letter to the insurance CEOs, the FCA said: “most policies have basic cover” and “do not cover pandemics, and the insurers have no obligation to pay out in the relation to COVID-19 pandemic”. In the instance where there are valid claims, Our members are working tirelessly to the support their customers, through the swift payment of the valid claims, interim payments to their customers, and providing the clear and quick answers to their questions.
Covid 19 Health Insurance
On the valid claims, only a small number of businesses choose to buy any form of cover that includes business interruption due to a notifiable or infectious disease. Usually, these extensions list the very specific diseases which are covered, not the any notifiable disease that may emerge, such as COVID-19. An even smaller number of these businesses will have cover where the notifiable or infectious disease is unspecified, potentially enabling them to claim for the impact of the COVID-19 pandemic.
However, such the policies often only apply when disease is present at premises. These policies will cover the interruption to the trade caused where business premises have been infected by an illness such as Legionnaires' disease or Norovirus and where building needs to be closed and cleaned to deal with specific incident.
Can I still get cover?
Yes, absolutely, all the our insurers are taking on new customers.
Will I be covered for Coronavirus (COVID-19) if I take a new policy?
If you become ill, critically ill or were to die from the Coronavirus, yes your provider will support the your claim.
We don’t have the any ‘blanket’ exclusions due to the coronavirus. Life and CI claims will be assessed as normal, subject to usual claim assessment and meeting of claim definitions.
Have prices increased since the outbreak?
No, prices remaining same, insurers have not increased prices due to the COVID-19.
Is it worth me reviewing cover?
Yes, absolutely. We offer all the clients a free review, we may be able to save you money and get you increased cover.
Can I get cover if I'm a frontline NHS worker?
Yes, we still have a number of providers that will offer you terms, even if you have been in contact with someone suspected of having Coronavirus.
A Life insurance Company
Post From: 1st Insurance
Income Protection Insurance UK
Income Protection Insurance UK
When you’re ill or injured and can’t work, our Income Protection Insurance UK is there to support you. It pays a proportion of your lost earnings so you can concentrate on looking after your health.
Why choose income protection?
Features and benefits to think about.
Monthly payment
The monthly payments will cover some of your lost earnings, helping you maintain your lifestyle while you’re away from work
Flexible cover
You can choose when your payments begin and how long the policy will pay out for if you’re unable to work. Your adviser will discuss the options with you
Supportive claims team
Our claims team is trained to understand how you’re feeling when you need to make a claim, and do everything they can to help
Fixed or variable benefits
Options include a fixed payment that stays the same for as long as you hold the policy, or benefits which increase with inflation
Buy through a financial adviser
To buy this policy, the first step is to talk to a financial adviser. If you decide the policy is right for you, your adviser can help you apply.
What you need to think about before you take out income protection insurance
Before you think about taking out Income Protection Insurance UK, ask yourself the following questions:
Do I really need income protection insurance?
Check:
- that you don't already get income protection insurance through work. Some employers offer this as a benefit. Your employment contract, handbook or personnel department will have details if this is the case
- whether you have some other kind of illness insurance combined with another insurance policy or with your mortgage which covers you for serious illness
- whether you have savings you can use instead of insurance. However, you need to think very carefully about whether you want to rely on savings. You may not be able to save enough to cover a long period of ill-health. And you may face another emergency, which would use up your savings and leave you with no cover for illness.
Is this the best type of illness insurance for me?
Check out all the different types of illness insurance to see which one would suit you best. For example, if you're worried about the cost of income protection insurance, you could think about taking out critical illness insurance instead which can be a much cheaper option. However, critical illness only covers a very limited range of illnesses and for a shorter period of time than income protection insurance uk.
If you're not sure which type of illness insurance would be best for you, you can help from an independent financial adviser.
A Life insurance Company
Post From: 1st Insurance
Tuesday, August 25, 2020
Insurance Cash Back Offers
Insurance Cash Back Offers
There are quite a few life Insurance Cash Back Offers on sites like TopCashback at the moment. With Beagle Street, for example, you can pocket anything from £55 to £750 depending on the size of your monthly premium, while taking out a policy with LV= could earn you between £50 and £1,000, again dependent on how much the cover costs you each month.
Other insurers offering cashback when you select a policy through TopCashback include Aviva, Royal London and Virgin Money.
The life insurance cashback deals
It’s the same names offering life insurance customers cashback if you use Quidco instead, though the cashback amounts do vary a little. In order to pocket the money there are quite a few terms to follow, such as ensuring you keep up your payments for at least six months, while you generally cannot have previously bought life Insurance Cash Back Offers through that specific provider in the last 12 months.
Insurance premium and Cash Back
| Monthly Premium | Cash Back |
|---|---|
| Monthly premium £250 and plus | £1000 |
| Monthly Premium £200-£230 | £850 |
| Mothly Premium £150-£180 | £750 |
| Monthly Premium £120-£140 | £600 |
| Monthly Premium £90 -£100 | £400 |
| Monthly Premium £60.01-£70 | £300 |
| Monthly Premium £50.01-£60 | £250 |
| Monthly Premium £40.01-£50 | £200 |
| Monthly Premium £30.01-£40 | £150 |
| Monthly Premium £25.01 - £30 | £125 |
| Monthly Premium £20.01 - £25 | £100 |
| Monthly Premium £15.01 - £20 | £75 |
| Monthly Premium £10.01 - £15 | £50 |
Find the right cover for you at the best price and save even more with our Admiral Car Insurance cashback deals. No matter if you are looking to insure one car, four cars or are a young driver looking for cover, they offer single car, MultiCar and LittleBox black box insurance, as well as car sharing, learner and classic car insurance.
Insurance Cash Back Offers and Deals
Choose from third party, third party, fire and theft or comprehensive cover and get a quote online to see how big a saving you could make. Benefit from a courtesy car and 90 days of European cover with a comprehensive policy, while you can add extras such as breakdown cover and motor legal protection.
Customers can log in to their account to view documents, while you will find contact numbers if you need to make a claim. Sign up to TopCashback using the form at the bottom of this page and buy today. As well as car insurance, Admiral provide other financial services, such as loans, as well as life insurance, including cover for business use should you need it for work.
A Life insurance Company
Post From: 1st Insurance
Coronavirus Life Insurance
Coronavirus Life Insurance
We understand that this is a very unsettling time and are closely monitoring the Coronavirus 2019-nCOV outbreak. We know you are experiencing a high level of inquiries from your customers and as always we are here to support you, so we’ve created some answers to frequently asked questions which may help. We will continue to update this website with Coronavirus Life Insurance information as it develops.
Corona Virus Life Insurance Agents Near Me
Here for our customers: at 1st Insurance we are privileged to have served our customers and communities in the UK for over a hundred years. We are committed to playing our part by supporting those who need us. Find out more about the three simple principles we are committing to at this time.
Life Insurance Best
When you purchase any kind of life insurance, whether it’s over 50s life insurance or a different kind of policy, you’re effectively buying peace of mind that when you die your loved ones will be provided with a cash lump sum.
This can be put towards anything they want, so it could be used to clear debts, cover living costs, or to pay for your funeral bills. However, over 50s cover has several distinct differences to other kinds of life insurance.
Life Insurance Uk Cost
When you make your application, you can decide either how much you wish to pay each month – which, combined with the desired length of your policy and the type of insurance you want, will give you a projected payout – or you can decide the size of your payout. In the latter case, the insurer will then work out an average life insurance cost spread over monthly premiums.
Since it’s difficult to determine an average life insurance cost for everyone, you will need to assess what your personal needs and circumstances are to get an accurate life insurance estimate. Considerations may be your mortgage, your cost of living, how much your life insurance costs will be dictated by the type of insurance you need, the size of the payout you want and your existing savings or saleable assets. As a rule of thumb, the lower the payout, the lower the monthly premiums.
Life insurance premiums are also based on the risk the policy holder poses to the insurer. Therefore, the higher the risk, the higher the premiums. More detail is given on what is considered higher risk below, or you can take a look at our guide.
A Life insurance Company
Post From: 1st Insurance
Subscribe to:
Posts (Atom)