QuoteLifeCover

  Protection insurance is a category of cover that seems to have attracted greater interest from many people in recent years - and we can hardly blame them. But not all protection insurance policies are the same in terms of how much coverage they provide, or even what they protect. So, we thought we’d take you on a whistle-stop tour of the kinds of protection insurance out there, so that you can begin to properly consider your options - including which one may best suit your own circumstances and requirements. What forms of protection cover are available? Most people can understand the concept of a protection insurance policy as a product that is triggered by a particular event to pay out a certain sum of money. However, there is a difference between the kind of protection cover that pays out to your dependants if you die, and the kind that pays you a sum if something happens to you that satisfies the policy’s terms for a pay-out. Life insurance , for instance, belongs to t...

If you are in the market for a life insurance policy , you might think that a lot of the terms surrounding this popular form of protection cover are self-explanatory. And that may be the case to some extent! Nonetheless, it is crucial to be well-informed on what distinguishes the different types of life insurance out there, and the implications for you and your loved ones. The central principle behind life insurance is straightforward: it’s a product that pays out a tax- free lump sum to the family of the policyholder in the event of the latter’s death. Such money could be invaluable for giving surviving relatives financial security during a distressing and difficult time - enabling them to pay for such essentials as mortgage payments, loans, funeral costs and daily living costs. While any type of life insurance policy that you take out will entail you paying for monthly premiums, exactly how this cover works will depend on whether you purchased whole life insurance or term life ...