When it comes to securing the future of your loved ones, life insurance is the best choice to make. Knowing that your loved ones will be financially covered after your death and they will be able to deal with most of the expenses such as funeral expenses, mortgage, credit card payments, and other bills is a peace of mind you deserve. Here, we are providing you with a comparison between family life insurance and guaranteed life insurance so that you can choose the right policy to secure your family.
What is family life insurance?
Family Life Insurance is the finest choice to secure your family members financially. Your family receives a lump sum amount on an event of your death and just like any other insurance, you pay premiums for the same when you are alive. It is available for UK residents aging from 18 to 64, your family claims the policy when you die. Those who want to buy family insurance can choose a maximum benefit amount from £60,000 to £750,000.
What is guaranteed life insurance?
This type of life insurance policy is available to residents of the UK aging between 30 to 80. The policy comes with guaranteed benefits of £2,000 to £20,000 to cover funeral expenses, credit card bills, mortgage, and other outstanding bills. One can easily secure a guaranteed life insurance policy and it doesn’t involve any medical. A great advantage of having such a policy is it remains the same until the policy period and after you reach the age of 95, it’s completely free.
Connect with insurance professionals for more details. Our life insurance experts will help you choose the right policy that fulfills your specific needs and without digging a hole in your pocket.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
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