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Frequently Ask Questions

What is life insurance?

Life insurance was created to provide funds to the family of the deceased insured person for funeral and related purposes and even an amount beyond that, in order to cope with the sudden loss of income that person provided to that household. With passing time, several other aspects were added and many forms of life insurance created.

What Is Medical Insurance?

Medical insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider.

What is Income Protection?

Income Protection provides you with a regular monthly payment for a specified period in replacement of a proportion of the taxable income you'd usually earn. The cover provides an income if you become disabled or involuntarily unemployed (if the optional Redundancy Benefit is selected) and you are unable to work.

What is Mortgage Insurance?

Mortgage insurance is an insurance policy that protects a mortgage lender or title holder in the event that the borrower defaults on payments, dies, or is otherwise unable to meet the contractual obligations of the mortgage. Mortgage insurance can refer to private mortgage insurance (PMI), mortgage life insurance, or mortgage title insurance. What these have in common is an obligation to make the lender or property holder whole in the event of specific cases of loss.

Why do I need life insurance?

Unfortunately at some point we will all move to greener pastures, so to speak, and your remaining loved ones, children, spouse, or other beneficiaries, should not need to pay for your funeral and get into financial troubles after you are gone. Furthermore, additional coverage can provide you with funds, in case you become incapacitated to earn money or are diagnosed with some severe illness. A life insurance can also provide you with extra funding for your latter days.

Why do I need Medical insurance?

As medical care advances and treatments increase, health care costs also increase. The purpose of health insurance is to help you pay for care. It protects you and your family financially in the event of an unexpected serious illness or injury that could be very expensive. In addition, you are more likely to get routine and preventive care if you have health insurance.

You need health insurance because you cannot predict what your medical bills will be. In some years, your costs may be low. In other years, you may have very high medical expenses. If you have health insurance, you will have peace of mind in knowing that you are protected from most of these costs. You should not wait until you or a family member becomes seriously ill to try to purchase health insurance.

Why do I need Income Protection Insurance?

According to the ABI, one million workers a year find themselves unable to work due to a serious illness or injury. It doesn't matter whether or not you have children or other dependants – if illness would mean you couldn't pay the bills, you should consider income protection insurance. You're most likely to need it if you're self-employed or employed and you don't have sick pay to fall back on.

Why do I need Mortgage insurance?

Mortgage insurance reimburses the lender if you default on your home loan. You, the borrower, pay the premiums. When sold by a company, it's known as private mortgage insurance, or PMI.

What types of insurance are there?

In the UK there are term assurances, which are for a fixed term and your beneficiaries get only if you die during the term. These include also mortgage protection insurances, but also family income benefits. There are also permanent, better known as whole of life assurances, like endowment insurances, where you will at some point see money, even if you do not die. These include accidental death and limited pay. All of the above can have additional cover for accidents, critical illness, disability, terminal illness and similar. The over 50s insurance is a mix of the two, where you have life insurance – as long as you pay – but you never get to see the cash, only your surviving beneficiaries, with, again, possible coverage for the illnesses, disabilities and similar.

What is life insurance with critical illness cover?

In case that you are diagnosed with one of the listed critical conditions, generally some sort of ailment that has permanent effect on your future life, the insurance pays. It also covers Alzheimer's, dementia, various vital organ transplants, heart valve replacements, several disabilities, accidents, permanent loss of sight and so on. It also may include a terminal illness diagnose, but limitations do apply.

What is over 50s cover?

Life insurances for people that are fifty years old or older, even up to 85, can get life insurance coverage, mainly funeral costs are covered, but the offers vary. Up until recently it was as good as impossible to get life insurance if you are in that age group, unless you have a spectacular bill of health, but now, all you need to do is make it through the first two years of payments and you get full cover. It is most certainly a product of statistically longer life expectancy in the 21st century.

Do I have to pay for as long as I live?

No, there is a limited-pay version of life insurance, where you pay for a pre-determined amount of time, usually 10 or 20 years, and then the pay-out takes place when you die or when you reach the age of 65 (age determination may vary), whichever comes first.

Why get a quote with Expert Insurances?

We're experts at life insurance, medical insurance, income protection, Mortgages and can help you get the cheapest quote for your circumstances.
When you submit the form, our brokers will compare the whole of the market. You'll get results straight away from a friendly FCA regulated advisor who will call you to discuss your options.
This will be a great time for you to ask questions and discuss your needs. Based on the information you submit to us and provide on the phone, our specialist partners will be able to suggest the best policies for you.
We help thousands of people every month get an affordable quote, and know exactly what type of service you'll want.
Simply fill in the form on our homepage to get a quote now!

*BASED ON £150,000 LEVEL TERM POLICY OVER 15 YEARS WITH GUARANTEED PREMIUMS FOR A NON-SMOKER, AGED 35.

This example should not be taken as advice or recommendation or promotion. Actual life insurance quotes are based on individual circumstances.

** Over 10% of our customers can obtain cover at a cost of up to £9.92 per month. This is based on someone living in any region of the UK, up to 30 years of age at commencement, and taking out a "diagnostics only" plan. The plan covers consultations and diagnostic scans/tests up to the point of diagnosis and has a £100 excess. At the point of diagnosis, policy holders would need to arrange treatment by the NHS. Other exclusions apply and other plans are available. Analysis based on Usay customer data for January 2013 to January 2014.

This example should not be taken as advice or recommendation or promotion. Actual life insurance quotes are based on individual circumstances.