Cheap Life InsurancesCheap Life Insurances can insure your life, your partner’s life or you can take out Children’s Life Insurance. Cheap Life Insurance provides insurance from a Life Insurance Provider who agrees to pay out a cash lump sum if the worst should happen. British life insurance is relatively cheap and inexpensive. It can be less cheap if you require international life insurance as many British life insurance providers require you to reside in the UK. Our Life insurance quotes will allow you to search life insurance providers to obtain cheap life insurance. The online search for life insurance will require a number of life insurance questions to be answered such as your age, lifestyle and current health. The answers to the life insurance questions will be underwritten and the life insurance company will provide a full life insurance quote known as the terms of life insurance cover, which you can rely upon. Our cheap life insurance search tool will indicate the provisional cost of the life insurance cover and will be subject to underwriting. Life insurance provides important financial security for you and your loved ones. The cash sum provided by the life insurance company transferred the insured funds to your dependents and allows them to continue the lifestyle you would have provided for them. Cheap Life Insurances - QuestionsCapital Fortune have answered some key questions you may have regarding cheap life insurance below. Simply click on the question to receive an answer. If you need any assistance why not speak to one of our Mortgage Advisers by calling 0845 3 630 430 or Enquire Online. Is Cheap Life Insurance Necessarily the Best Life Insurance Cover? Cheap life insurance may be different from more expensive life cover and it is always wise to obtain proper advice on the type of policy you are considering. The life insurance may be cheap in comparison to other life insurance cover since it may or may not include family income benefit (a policy which pays out income rather than a lump sum), renewable policies (which let you extend the original term). increasing policy (where cover and premium rise over the years), decreasing policy (where cover and premium fall over the years). Cheap life insurance may also have a number of exclusions which may result in the policy not paying out. For example, a number of policies do not cover death associated with alcohol or drug use. Other cheap life insurance policies may not cover your life whilst taking part in risky sports. If your health is poor at the commencement of the policy, some causes of death might be excluded or you might be refused cover altogether. Life insurance premiums are usually fixed or guaranteed for the whole term. However, there are cheap life insurance contracts where premiums are reviewable after a certain period, usually five years. In looking at the cost of the policy, it is also important to look at how flexible is the cover being provided. Are you able to reduce or increase the life insurance cover easily as your circumstances or life situation change? Would extra charges be incurred for doing this? Does the life insurance stop immediately should you miss a payment or is there a period of grace? For an additional small charge, a waiver of premium option may be available. This waiver of premium option will pay the life insurance premiums if you can't work because of a long-term illness so that your cover is not interrupted. If you are considering changing your life insurance provider in order to obtain cheaper life insurance, you should check the level of premiums for the new life insurance contract before switching (premiums may not be cheaper as they may have gone up because of older age or because you have developed a medical condition). Also check the new level of cover compared to the previous one. The life insurance may only be cheaper because different benefits may be available, and different exclusions may be applied – for example you may not be covered for medical conditions that have developed before the switch even if these were covered under the previous contract. If you do decide to change, make sure you do not cancel your original life insurance cover until you are fully covered by the new contract. Cheap life insurance may be different from expensive life cover and we will advise you on the policy and provide a Keyfacts document outlining the terms and conditions. In the event that you fully disclose all relevant material to the life insurance cover provider the policy should pay out. A cheap life insurance quote however may increase in price once you are underwritten by the underwriters. This can also happen with a less cheap insurance as life insurance quotes are only ever provisional and are always subject to the underwriting of the insurance providers. Capital Fortune will provide you with a list of cheap life insurance quotes from a range of British life insurance providers. In addition, we will also take you through the Keyfacts details of each provider. Back to Questions What Level of Life Insurance do I Need? The level of life insurance cover you need depends on your personal circumstances and what you want out of your life insurance policy, but the two main types are level term life insurance and decreasing term life insurance. Back to Questions Why Choose Level Term Life Insurance? You can choose a level term life insurance policy if you want your family to receive a pre-determined lump sum pay out when you die in return for regular monthly payments.
Level term life insurance is a straight forward policy which pays out a fixed lump sum upon your death during the term of the policy - once the policy term has ended it expires without value. With level term life insurance, the premiums that you pay remain the same throughout the term of the cover, as does the lump sum paid out when you die. Back to Questions Why Choose Decreasing Term Life Insurance? The life insurance cash sum decreases each year with a decreasing life insurance policy. There are also decreasing term insurance policies that will decrease proportionately over the term and these are suitable for those people who have any outstanding liability that will reduce by a fixed amount each year. Back to Questions What is Mortgage Life Insurance? Mortgage life insurance is life insurance which in the event of death pays a lump sum to pay off the mortgage. Home mortgages UK wide are a significant liability and it is prudent to take out mortgage life insurance to protect your dependents from the mortgage liability. Mortgage Life Insurance is especially useful for those with a young family whose need for accommodation would continue following the death of the breadwinner. The mortgage life insurance policy or insurance attached to the mortgage would pay off the mortgage, leaving the family and dependents mortgage free. The mortgage life insurance policy can be taken out on a level term basis and this is usual when the mortgage is interest only as the policy will pay out the remaining capital. However, some mortgage life insurance policies have decreasing cash values, to keep up with the decreasing balance of the mortgage when capital is being paid by way of a repayment mortgage The rate of decrease on a mortgage life insurance policy is broadly in line with the outstanding capital on a capital and interest repayment mortgage. The life insurance term mirrors the exact term of the mortgage. At the end of the life insurance term the sum assured will have reduced to zero to reflect the fact that the mortgage, at this stage will have been fully repaid. A decreasing or mortgage life insurance policy can protect your family and your home by paying off your mortgage in the event of death. The amount of cover and duration of the plan reflects the mortgage debt which is outstanding. Decreasing life insurance policies are not suitable if you have an interest only mortgage. To provide the financial security that your mortgage will be paid in the event of death you may want to look into getting a mortgage life insurance policy for you and your family. Back to Questions How to Buy Life Insurance? Before you buy life insurance it important to determine the right amount of life cover you require. The life insurance policy must have the right terms and conditions and you should consider obtaining proper advice from a life insurance specialist. Capital Fortune are able to obtain life insurance from the UK's leading life insurers including Legal & General, Friends Provident, Norwich Union, Scottish Provident, Scottish Widows and the like. The terms we have negotiated with them allow us to secure a competitive advantage and allow you to buy life insurance at a low cost. Many people make little or no provision for minimising the impact of the financial consequences of death or illness. For some this may be because they believe that they cannot afford to do so, not realising how cheap protection policies can be, especially if taken out when young. For others, they feel it 'simply could not happen to me.' Back to Questions Am I Likely to Die Before 65? The probability of dying before age 65 is about 1 in 5 for all males (Department of Health 2004). This is clearly a significant risk! That every year more than 200,000 people will be diagnosed with cancer and about 100,000 have a stroke. Approximately 1 in 6 men will suffer a heart attack between the age of 45 and 65 (Department of Health 2004). In 2002, 11.9% of the population reported some form of long-standing heart or circulatory disease (British Heart Foundation website). That every year over 600,000 people will be off work for more than 6 months due to ill health! (Department of Health 2004) These are sad but very real facts and the implications for uninsured families nationwide can be devastating. At Capital Fortune, the cost of life insurance is often less than most people think and to obtain a life insurance quote, costs nothing at all. It may not happen to you, but it clearly happens to someone. Avoid the life lottery and contact us for a no-obligation quote today. At Capital Fortune we understand that buying life insurance is an important decision. The life insurance. A Capital Fortune Adviser will assess your needs, and before you buy life insurance, will shop around for the cover that suits you best. Always answer questions as best you can and disclose any existing medical conditions when asked. If you don't give the full facts, you could invalidate your policy and the insurance company won't pay out. Back to Questions What is Term Insurance? Term insurance is the simplest and cheapest type of life insurance, and is known as term insurance because you choose how long you're covered for, say, 10, 15, or 20 years (the term). Term insurance only pays out if you die within the term you've agreed. If you live longer than the term, you get nothing. As a couple, you can also take out term cover in both your names, with the policy paying out if either of you die during the term. Back to Questions What Does it Cost? This depends on several factors, such as the amount of cover you want and the length of the term. Naturally, it's also based on the likelihood of your insurer having to pay out: if you're a smoker and do a dangerous job, you'll pay more than a non-smoking office worker. Term life cover also costs more for men because, on average, they don't live as long. Always compare what's covered by a policy, not just the price. Some might be cheaper than others, but they may not offer the same level of protection. Back to Questions Who is Eligible for British Life Insurance? British Life insurance companies will consider you for life insurance if you are a UK resident and aged at least 18 years old. Children’s life insurance is available for minors. There is generally not an upper age limit for life insurance, but most insurers will specify an expiry age - normally somewhere between 60 and 75. Back to Questions Is there International Life Insurance if I do not Live in the UK? International Life Insurance is available for those who require life insurance but do not permanently reside in the UK. Capital Fortune can provide cheap life insurance quotes for international life insurance and our international life insurance specialists will be happy to assist with your enquiry. Back to Questions Do you Have Life Insurance for Seniors? Life insurance for seniors is available but seniors may have the life insurance term reduced by the life insurance provider to take the cover to a maximum age of 75. Life insurance for seniors is available for seniors who require life insurance beyond this age and we would need to take your specific needs and requirements before advising you further. Back to Questions What if I Have had Health Problems in the Past? When applying for life insurance, you will be asked a number of life insurance questions about your health and lifestyle. These will generally be related to whether you have been investigated, diagnosed or treated for conditions such as heart disease, cancer, tumour, HIV or other illnesses. In the event that you have no history of these conditions you should experience little problem with obtaining cheap life insurance, but if you do have a history with these life insurance questions, the premiums you pay may be 'rated' which means you the cost of the life insurance will increase. Back to Questions Can you get Life Cover for Diabetics? Life cover for diabetics is available but due to the condition of diabetics the life cover cost may be increased. The cost of the life cover will depend on whether the diabetic falls into one of the two diabetic groups for life cover, notably Type I or Type II diabetes. Life cover providers will provide cover for diabetics but the life insurance company will require full details of the diabetics history. The underwriters will then determine the cost of the life cover for the diabetic. Back to Questions What is Critical Life Insurance? Critical life insurance is commonly known as critical illness insurance or critical illness cover. Capital Fortune can also arrange for a quote for critical life insurance and the critical illness element can be included with standard life insurance or as a stand alone policy. Critical illness insurance pays out a lump sum in the event that you are diagnosed with a specified illness or condition. The definition of each critical illness condition is defined when you take out the policy, but generally covers things such as certain cancers, heart disease and permanent total disability. Critical illness can strike at any time and a critical illness policy can provide further financial security for you or your dependents. Back to Questions Can my Life Insurance be Placed in Trust? Life insurance policies can be set up under trust. This means that in the event of death, the proceeds of the life insurance policy are paid directly to dependants of your choice. Provided a trust is set up properly, there may be benefits to doing this. However, using a trust may not be suitable for everyone and because of the complexities we recommend you seek appropriate legal advice. Back to Questions If you need any assistance why not speak to one of our Mortgage Advisers by calling 0845 3 630 430 or enquire online. | 
