Getting a whole life insurance UK is the best thing to do for your loved ones.

FAQs

Q. Who can buy a life insurance policy?

Ans. Any person above 18 years of age, who is eligible to enter into a valid contract, can go for an insurance policy.

Q. what is whole life insurance?

Ans. Whole life insurance is a life insurance policy that remains in power for the whole life of the policyholder and requires premiums to be paid every year. However, this policy is for long term, but it offers excellent financial benefits at the time of completion.

Q. What is term life insurance?

Ans. Term life insurance is the basic form of life insurance and since it builds no cash value, it offers uncontaminated insurance protection. Term life insurance is definitely, a suitable way to secure every aspect of life.

Q. What is critical life insurance?

Ans. Critical life insurance gives critical illness coverage to policyholders, who have diagnosed with specified illness. Basically, critical illness cover is designed to help cover those critical illnesses, which could have a severe impact on the lifestyle of the policyholder.

Q. When does a policy lapse?

Ans. If the policyholder fails to pay his premium within the days of grace provided after the due date, the policy lapses. The grace period in case of yearly, half-yearly and quarterly modes of payment is one month and in case of the monthly mode of payment, the grace period is 15 days.

Q. What do you mean by guaranteed additions?

Ans. In case of some policies, the insurance company provides the policyholder with the bonus or the profits declared. These guaranteed additions and are paid at the end of the term of the policy or in case of the early death of the policyholder.

Life Insurance Info

Types of Insurance

Special Life Insurance