Life Insurance, Term Assurance or Critical Illness Cover Claims

How can we help you?

If you would like to make an insurance claim or you have previously attempted, but was rejected by your insurance company then contact us to find out how we can help you. We specialise in assisting consumers make insuranc claims. We will represent you and endeavour to obtain the following compensation:

 

• The full £ cover amount of the policy

• Statutory interest at 8% if your claim was previously rejected calculated from the moment that it should have been accepted

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 Here are some facts about our company:

• No Win No Fee – you may incur a cancellation fee if you decide to cancel outside of the initial 14 day cooling off period

• No Upfront charges

• Easy to start your complaint

• Free consultation on life insurance/critical illness cover claims

• You will be kept updated automatically via SMS throughout every stage of your claim

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Accurate at 23/09/2017*

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How Premiums Work? 

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Term life insurance premiums are set based on the age, sex and health of the policyholder, as determined by a medical exam; also included factors such as driving record, medications, smoker or non-smoker status, occupation and family history.

The younger a person is when he takes out a term life policy, the cheaper his premiums. The reason is obvious: A person is statistically less likely to die between the ages of 25 and 35 than between the ages of 50 and 60. For younger ages, term coverage is inexpensive and the premium can be guaranteed not to change for up to 30 years. Once the guaranteed period ends, the policy still remains in force, but changes to a one-year renewable term. The premium is then based on your attained age and increases every year.

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Term Life Insurance Vs Permanent Life Insurance?

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In general, term life policies are ideal for people who want a lot of coverage but do not want to pay a lot in premiums each month. Whole life customers pay more in premiums for less coverage, but they have the security of knowing they are covered for life at a set premium, assuming they keep up with their monthly payments.

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While many people strongly favor the affordability of term life – relatively low premiums for a higher death benefit – others cannot stomach the idea of paying  premiums every month for 10 or 20 years and then, assuming they are still alive (which is the most likely scenario) having nothing to show for it at the end of the term. It’s similar to people preferring to buy their homes rather than renting. They like the fact that home ownership provides tax benefits, builds equality and, at some point, they will own their houses outright. The same is true for permanent life insurance.

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Not to mention the fact that term insurance premiums get more expensive as one ages: Those who choose to carry term into their later years may end up paying premiums that are commensurate with the cost of some of the newer permanent products that are now available in the marketplace. If you remain healthy, you may be able to find new coverage at a reasonable cost. However, if you have health or other issues (such as traveling to foreign countries), you may be rated (which increases the premium), or even deemed uninsurable – and stuck with the increasing annual renewable term policy.

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Some customers also prefer permanent life insurance because these policies can be used as investment/savings vehicles: A portion of each premium payment is allocated toward building up cash value (one reason why it’s higher than a term policy premium), and with many types of policies, the cash value growth is guaranteed. Some plans pay dividends which can be paid out or kept on deposit within the policy. Over time the cash value growth may be sufficient to pay the premiums on the policy, so, in essence, you own your policy outright. There are also several unique tax benefits, such as tax-deferred cash value growth and tax-free access to the cash portion