How much will the premium be?

Your premium reflects the level of cover you want and how long you want to be insured for. It also reflects the risk to the Insurance Company that you may make a claim. This risk is conditioned by your age, sex, occupation, health record and life style etc.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

Hot Topics

Is the price you’re quoted, the price you pay?
Not always. It depends upon the details you disclose in your full Application form.
Why is insurance more expensive for smokers?
On average, the premium for a smoker is around 65% higher than a non-smoker. The reason is quite simple – non-smokers are generally healthier and live longer.
If your insurer asks for a higher premium because you are Rated, is it worth applying to another insurance company?
We do not think so. Why? Read on.
Is a medical absolutely necessary?
No. Most people do not require a medical. Normally an insurer will only ask for a medical if you have existing health issues that cannot be resolved by a report from your GP or if you have applied for an especially high sum of insurance.
Can you get a quotation now online?
No. ClickLife, our Partner for Life Insurance Quotes , take your information online and then phone you back with details of the best policy they can find. They will also give you help to find the polic that suits your needs.
When you obtain quotations from various insurance companies, the companies have to make assumptions about you in order to quote. For example, they assume that you are in generally good health for your age, and you have a job and lifestyle that does not expose you to above average risks. For the vast majority of people this is quite true but not for everybody.

Therefore, if you decide to proceed and make a formal Application, you will have to complete a more comprehensive Application form. LifeSearch will help you with this.

When the Insurance Company receives your full application details, they consider whether they still regard you as an average risk. To make this decision they may decide to ask you for more information.

This is when an Underwriter will get involved. They use Actuarial tables and a great deal of experience to decide what level of risk your represent. Actuarial tables represent the Insurance Company’s experience over millions of insurance policies.

If after completing their risk assessment, the insurance company decides that you represent a higher risk, they ask you for a correspondingly higher premium. (This is called “Rating” your premium)

But don’t worry too much. The vast majority of customers end up being charged exactly the same as they were first quoted.

Occasionally, an application will be turned down because the Underwriter judges that the risk is too high. However, this only happens in a very small number of cases.

Frequently Asked Questions related to the above topic.
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