Buying or researching life insurance products can be quite daunting. There are a lot of product variations on the market and to the inexperienced, it can be hard to spot the differences and choose the right product. Hopefully this life insurance guide should give you all the information you need to make an educated, informed purchase decision: Life insurance - Life assured - Types of policy Term assurance - Level term assurance - Renewable term assurance - Convertible term assurance - Decreasing term assurance - Increasing term assurance - Index linked term assurance - Family income policies - Escalating family income policies Investment linked - With profits policies - Unit linked policies - Pricing structure - Funds - Unitised with profit Whole life - Single premium - Property bonds - Offshore bonds - Regular premium unit linked whole life policies Premiums - Premium loading - Underwriting - Renewals - Arrears Payments

Life insurance definitions Term insurance is the cheapest form of protection and it can offer high life insurance cover for a low premium. Cover can usually be arranged to cover just one person, but in some cases cover will also be available for spouses/partners in the same policy. There are different types of term insurance and this web site deals primarily with: € Level Term - You are insured for the same amount throughout the agreed term. At the end of the term nothing is payable and there is no surrender value. € Decreasing Term - The sum insured reduces by a fixed amount each year, decreasing to nil at the end of the term. The premium will normally stay the same throughout the term. These policies are normally used to cover a repayment mortgage or other loan as they pay any outstanding balance of the debt if you die early. They can also protect a liability to Inheritance Tax on gifts to others (see taxation issues). At the end of the term nothing is payable and there is no surrender value. € Critical Illness Insurance - If you, or those who depend on you, would face financial difficulties if you became critically ill (for example if you had cancer, a heart attack or a stroke), you may want to consider adding critical illness cover to your policy. If you're critically ill, the last thing you'll need is any financial worry like the fear of losing your home because you can't pay your mortgage. Critical illness cover aims to give you peace of mind in these circumstances. For more information on critical illness, click here. >> Get a quote now

Our Term Assurance plan offers great value life insurance at a fantastic price. Life insurance pays a cash lump sum to your loved ones if you die during the plan term. The cover lasts for a set number of years, and the amount you pay remains the same throughout the plan term. The plan has no cash in value at any time. Some of the benefits of ours Term Assurance plan Peace of mind for you, protection for your loved ones If anything happened to you, would your loved ones have enough to maintain their standard of living? Even if you have mortgage insurance, the answer is probably 'No' - as the basic cost of living is expensive. Choosing our insurance could be one of the most important decisions you take. If you die during the plan term, it provides a lump sum for those you care about - money to help maintain the standard of living they're used to. Great price Get an online life insurance quote now and see for yourself just how little our great value life insurance can cost. If you already have life insurance, you may be paying over the odds. You might be able to make substantial cost savings if you switch your cover to us. Do not cancel your existing life insurance arrangement until you've been accepted by us. We'll be there when you need us. Should a claim on your life insurance policy be made we will be there to assist your loved ones and settle the claim as speedily and efficiently as possible. This is a brief guide to the key features of the product. Full details are contained in the policy document which is the legally binding contract between you and Bonaport Personal Finance Limited. The policy document will be sent to you once your application has been made. A copy is available on request. BonaportLoans is a trading style of Bonaport Financial Services Ltd, registered in England & Wales 4015431. BonaportLoans acts an introducer to MORTGAGE 2000 GROUP LIMITED whose registered office is at Park House, 1 Chantry Court, Off Sovereign Way, Sealand Road, Chester, CH1 4QN trading as Moneysupermarket.com

life insurance guide |