Life Insurance

Life Insurance basics

Life insurance is one of the oldest forms of insurance, but now comes in a variety of forms. Put simply, it is a contract between an insurance company and individual(s), where the insurance company pays out, in return for premiums paid, if the insured person dies before the end of the contract.

You can take out life insurance on your own life or the life of other individuals such as your spouse or business partner, provided you can show that you have a financial interest in them. It is also possible in these circumstances to take out a joint life policy of which there are two main types; a joint-life first-death policy which pays out on the first death of one of the lives assured.; and a joint-life last-survivor policy pays out on the death of the last of the lives assured.

Most people need life insurance, but it becomes vital if you have a partner and children. In the tragic event of a death, the remaining partner would have to support the children, and maintain the payment of other overheads such as the mortgage, on a reduced income. Most people do not have enough life insurance cover; this is mainly because they do not know how much they require. Naturally the level of cover is partially dictated by how much you can afford, but it is important when deciding on the level of cover that all significant monetary factors are taken into account.

Direct Line Life Insurance

By taking out Direct Line Life Cover, your family's finances could be one less thing to worry about. You can choose the level required to help provide for a mortgage, bills and maintaining your familiy's lifestyle.

Click here for full details and to apply online

Other Insurers

Life Finder - the low cost, fast and reliable way to find and buy the right policy for all your life insurance and protection needs.
Life Finder search the market to find you the lowest life insurance premiums. In the unlikely event that you find a cheaper "like-for-like" life insurance quote, Life Finder's Price Promise means that they will aim to better it.