No one wants to think about their own demise, let alone plan for it. However, if you have a life insurance policy your family can be provided for financially, should the worst happen to you.
It is possible that existing policyholders could benefit by comparing and switching, but age plays a major role in calculating premiums. As you get older, premiums usually rise, and pre-existing medical conditions can make it harder to find a better deal than your current provider.
Yes. In some cases this may be worth considering. If you already have a policy but later find out you need more cover, taking out an additional policy can be the most efficient way to arrange it.
Technically no, but the two terms are often used to mean the same thing. Strictly speaking, life insurance pays out if something happens to you, whereas life assurance pays out when it does.
Term assurance is a temporary protection plan designed to pay the sum assured to the beneficiary if the life assured passes away within the policy term.
Whole of life cover is guaranteed to pay out in case of demise, which is why it can also be described as life assurance. Because of that guarantee, it is usually more expensive than term cover.
Mortgage insurance is a policy tailored specifically to clear any outstanding mortgage debt after the policyholder's death.
This is a form of term insurance where the cover amount decreases over time, often in line with a repayment mortgage.
This is a form of term insurance where the cover amount stays fixed for the full policy duration.
It depends on your circumstances and what you want the cover to do. If you are unsure, it is best to seek advice, request a callback, or chat with Capital Express directly.
The amount varies by provider and product, but the usual factors considered are age, sum assured, policy term, and plan type.