Life Insurance
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Life Insurance - Did you Know?
It is worth noting at the outset that an overwhelming
majority of UK consumers are unaware of the existence or the workings of some of the following
types of life insurance. Even worse, most people take out life insurance
without ever discussing their situation with an independent adviser.
Often, the subject is first raised at the time of mortgage
planning, and a policy is taken out on the spot with a bank or mortgage broker,
without any check as to value for money.
A few minutes spent discussing your needs with an
independent adviser - one who can advise on appropriate products and access the entire marketplace on your behalf,
could save you £,000's over the years!
You may be paying too much!
It is also not widely known that life insurance rates are
currently more competitive than probably any time in the past. That means, for
those who purchased a life policy say, three or more years ago, it is entirely
possible that a new policy purchased through Bates, on a like-for-like
basis, could produce worthwhile savings.
When the monthly saving is multiplied by twelve for a
yearly figure, and then by the number of years left to run on the policy, the
resultant saving is likely to be more than worth the effort of half an hour's
form filling!
Try our quotation engine for an
instant like-for-like quote to compare to your current policy terms. If you do
not wish to consult an adviser, you can proceed online. However, we would always
recommend discussing your life insurance needs with an adviser before making a
decision.
Types of Life Insurance:
Follow the links for descriptions of the most popular types of life insurance.
They are not mutually exclusive and indeed our clients frequently hold
combinations of such policies, in line with their particular needs.
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