Life insurance advice and best life quotes from Principle First
Life insurance advice is an essential part of buying a life insurance policy. Life insurance is no longer a simple product, and many who have bought a policy without taking advice on life insurance - on comparison websites, for example – have had cause to regret their decision later. They have either bought the wrong type of life insurance, or inadvertently chosen a reviewable premium policy, which allows the insurer to raise the cost of their cover over time.
When you take life cover advice from Principle First, you are dealing with an independent financial adviser who can look at all products on the market. We inform you about the best life insurance for you, and then range over the whole market to get the best life insurance quotes available.
For the best life insurance advice, contact Principle First today! Make an insurance enquiry online or ring 0800 678 5929 now!
How much cover do I need?
Use our simple online life insurance planner tool to work out how much life cover you need.
Our Principle First team can also provide a life insurance calculation to tell you how much your cover should be.
When giving advice on life cover we also ensure that, from the types of insurance available, you have the best life insurance for your particular situation.
Finding the best life insurance for you
Life insurance is principally used either to clear your mortgage, or make provision for your family – or both.
For paying a mortgage, we can provide life insurance quotes for ‘decreasing term insurance’. This policy reduces in value as your mortgage debt reduces over time. If you live to pay off your mortgage, the policy expires. There is a good possibility that it will never have to pay out, which makes this a cheaper form of insurance.
The best life insurance for your family is ‘whole of life’ cover, which pays out when you die. The certainty of an eventual payout makes this more expensive than decreasing term insurance.
The best life insurance is written in trust
Another wise strategy is writing your insurance policy in trust. This can protect your insurance from a possible Inheritance Tax liability of 40%.
If you are married, we recommend taking separate policies for you and your spouse. For a little extra, the second partner is still insured, when the first dies.
Review to check you still have the best life insurance
Checking your life cover at least annually can sometimes reduce the cost of your premiums. The cost of insurance has come down in recent years and a policy you bought 10 years ago may actually be more expensive than the deal we could get for you today.
The Principle First insurance team is ready with life insurance advice and the best quotes today. Make an online insurance enquiry or ring 0800 678 5929 now!
