UK, March 2010 Term life assurance is the simplest form of policy, offering basic cover for a set number of years, usually at low cost. A term policy requires a regular premium payment and pays out a lump sum on the policyholder's death. If the policy expires and the holder is still alive, no payment is made; the policy pays out only if you expire before it does. Comparing life insurance is necessary as different insurance providers have different policies. The cost of the assurance premiums will vary from person to person depending on factors such as age, health and occupation, but for all policies it is crucial to ensure you keep up the monthly premium payments to keep cover in place. Term assurance policies may also offer the option to pay an extra premium and receive a payout in the event the policyholder is diagnosed with a critical or terminal illness.
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Your life insurance policy will always be placed with one of the UK's leading life insurance companies. but it is impossible for a customer to read each of their brochure and understand their offerings. In such a scenario user would want to have a place, where he can click here to Compare Life Insurance and get a free quote. This searches over 300 life insurance plans to provide you the cheapest quote online. Insurance policies may look similar but they vary depending on a lot of parameters. For example the gender of the user can alter the lump sum pay as generally females outlive males. Also the kind of cover whether single or join has a bearing on the policy terms.
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