A Guide to Life Insurance Comparisons UK
Why Choose
The Insurance Surgery
- Voted Best life and protection broker 2022
- Rated 5* on Trustpilot and Feefo
- Access to high street and independent insurers
- 20 years’ experience & price match promise
Life insurance isn’t just about the money…
Jessie J was right when she famously sang, “It’s not about the money, money, money”. When it comes to life insurance, there’s so much more to think about than just the baseline premium price.
You’re searching for life insurance because something has prompted you to think about how you can protect your family long after you’re gone. You want to have peace of mind that your children will be taken care of, your home will be safe and that your loved ones won’t need to struggle for money.
With so much at stake, we believe that life insurance is about protection first and upfront costs second.
We know that when times are tight, the last thing you want is to be paying out expensive insurance premiums each month. It’s tempting to look for the cheapest possible price and know that you have some form of protection in place, even if you’re not sure if it’s exactly what you’re looking for.
But what if we told you that life insurance doesn’t have to be that way?
With our help, we can match you to a life insurance policy that suits your family’s needs and your wallet. We can make sure that your family are protected and that any potential insurance claim will pay out in the way that you want it to.
All it takes is a short phone call to one of our team, and we can help you quickly compare different policy types, different insurers and premium prices.
You won’t be left struggling to understand policy terms and conditions. Instead, you’ll be left with more time, lower payments and increased protection.
What’s not to like about that?
How to compare life insurance
Let’s start with the basics.
Life insurance is an insurance plan that promises a financial payout when you pass away or are diagnosed with a terminal illness. There are hundreds of reasons why you may wish to take out a life plan. Everyone has their own story to tell, and we love hearing from you about what has brought you here.
By knowing more about you and who you are trying to protect, we can make sure that we are matching you with the right insurance provider.
As we’ve mentioned, life insurance comparisons should be more than just comparing premium prices.
You need to feel confident that you’re making a like-for-like comparison. It can be easy to think that you’re comparing similar life insurance quotes, but even the slightest change could mean that you inadvertently under-insure or over-insure yourself.
We don’t want you to pay any more for your insurance than you need to, which is why we will provide you with quotations for life insurance that directly match the following:
- Policy type (whole of life vs term)
- Policy length (30 years, 40 years etc)
- Term type (level term, decreasing term)
- Amount of cover
- Different insurance providers
- Any access to value-added services (such as virtual GPs, cinema tickets, restaurant vouchers)
If this sounds complicated, it doesn’t have to be.
Our experienced life insurance agents will provide you with a free life insurance quote comparison from our insurers. We will always seek several like-for-like quotes so we can guarantee that we’re offering you the best possible price for the same amount of financial protection.
Why should you compare life insurance quotes?
Life insurance differs for each person, and the same is true for insurance providers.
We’re proud to be working with the whole market; it means that we can offer independent advice that best suits you. We only ever recommend insurance providers that we trust to act in your best interests, and we know that some insurers are better suited to you than others.
That’s not because they offer inferior products.
Far from it.
It’s because we take the time to get to know more about what is important to you, and we can tailor your policy around your needs.
- Some insurance providers are better suited for people with a complicated medical history.
- Others specialise in life insurance for smokers.
- We work with large insurers who offer great policies as well as a range of added extras, which might make you feel that you are getting better value for money.
- We also work with niche, independent insurance brokers who specialise in specific areas which may be relevant to you.
By comparing providers, we can make sure that you’re not over-insuring yourself or duplicating the protection that you may already have. It also means that you’re not under-insuring yourself and potentially not receiving the payout you thought you were getting.
With our life insurance comparison services, we can guarantee that you’re getting the right policy at the right price.
What should you look for in a life insurance policy?
Now that you know how to compare policy quotes from different providers and why it’s important, let’s move on to what you should be looking for within your life insurance policy.
Here at The Insurance Surgery, we want to simplify life insurance.
Too often, we talk to people who have been scared of searching online because they didn’t know what they were looking for. Rather than picking up the phone and talking to one of our team, they may log off and forget about it entirely. This leaves them without any financial protection if something terrible happens.
We don’t want that to happen to you.
Here are our quick tips for what you should look for in a life insurance policy.
- What type of policy do you need?
- How long do you want your policy to last?
- Will the payout remain level throughout the term, or is it a decreasing policy?
- How much cover do you need (i.e. how big should your payout be?)
- How will the policy payout?
- Will you be supported to set up a trust for any potential life insurance settlement?
- Can you add your spouse or your children to your policy?
- Can you add extras such as critical illness or income protection?
- Does the provider have a positive history of quick and easy claims?
- How long does the payout process usually take?
- Is the provider independently verified and accredited (or have they won any awards?)
- Does the provider offer any value-added services?
- Are there any hidden costs involved with the policy?
- Can you review and adapt your policy at a later date?
- Do you have a dedicated account manager you can speak to about your policy?
These are just a few of the questions you should be asking yourself when searching for online life insurance quotes. Unfortunately, most insurance comparison websites will only focus on premium costs, with little information available about the general background of each insurer.
If that still seems too complicated, then talk to us.
We promise to answer any question you have about life insurance.
We believe you deserve to have someone to talk to who will give you straightforward answers with no pressure to buy a life insurance plan. For us, it’s about educating people about why life insurance is important and helping them understand how policies work and what protection they can offer.
Types of life insurance comparison chart
If you’re just getting started with life insurance, you might be wondering what policy options exist and how they differ. There are many different types of plans available, and what suits one person may not suit another.
That’s why we’ve created a life insurance comparison chart. We want you to be able to directly compare insurance to help you understand what options are available.
This comparison chart may help you visually figure out which one best meets your needs.
Please note that the information in this chart is for visual reference only. Each insurance provider will have their own specifications relating to their policies.
| Policy type | Applicant age range | Policy length | Guaranteed payout? | Level payout? | Sum cover | Medical information required | Is terminal illness cover included? | Add critical illness or income protection? |
| Level-term life insurance | 18 – 85 | Up to 50 years | Payout is only if you pass away during this time | Yes | Up to £1,000,000 | Yes | Yes | Yes |
| Decreasing term life insurance | 18 – 85 | Up to 50 years | Payout is only if you pass away during this time | No | Up to £1,000,000 | Yes | Yes | Yes |
| Whole life insurance | 18 – 85 | Entire life | Yes | Yes | Up to £1,000,000 | Yes | No | Yes |
| Joint life insurance | 18 – 85 | Up to 50 years | Payout is only if you pass away during this time | Yes | Up to £1,000,000 | Yes | Yes | Yes |
| Over 50s life insurance | 50-85 | Entire life | Yes | Yes | Up to £40,000 | No | Yes | No |
If you are still not entirely sure what you’re looking for, then don’t worry. We know that most people will never have thought about life insurance before, so we won’t expect you to know all of the answers.
In fact, that’s where we differ as insurance brokers.
We promise we will never assume that you know what we’re talking about. Life insurance is our area of expertise, and we’ll take all the time you need to discuss all of your options and help you make an informed decision.
Don’t struggle on your own, trying to compare life insurance costs.
That’s what we’re here to do for you.
Why choose The Insurance Surgery to compare life insurance policies on your behalf?
There are hundreds of reasons why you should come to us to compare a life insurance policy on your behalf.
Here are just a few…
- It could be because we’ve got decades of experience in helping people like you secure financial protection.
- We take the time to understand your family priorities, matching you to a plan that gives you the reassurance you’re looking for.
- You can benefit from access to deals that are not available to the general public.
- You can ask us any question you like and know that you’ll always get a straightforward answer, with no pressure from us.
- Peace of mind that we’ll only ever recommend insurance firms that we trust to pay out when your family needs it to.
- A price promise guarantee that means you will never pay a penny more for insurance than you need to. If you find a like-for-like quote anywhere else, we’ll always match it.
- Our in-depth understanding of your health means that you’re more likely to be accepted for life insurance with us than anyone else. In fact, 70% of people who have been declined for life insurance elsewhere get accepted by us.
If those reasons sound good to you, then why not pick up the phone today and talk to one of our experienced brokers?
If you’re not yet ready to talk directly with an advisor but you do have a few questions, feel free to start a live chat. We promise no chat bots – just experienced life insurance advisors ready to help you get started on your life insurance journey.
Need Advice Regarding Critical Illness Insurance?
We answer your most frequently asked questions.
There is no single insurance provider that offers the best life insurance policy; different insurers have their own strengths, and what is suitable for one person may not be right for another.
Talking to a broker is the best way to find the best life insurance policy for you. They can give you unbiased advice and provide you with access to deals that most people can’t get. Speaking with a life insurance broker is the best way of making sure that you are not over-insuring or under-insuring yourself.
Both are variations of life insurance. A whole-of-life policy does exactly what it says: it lasts the entirety of your life as long as you are paying your premiums. In contrast, a term insurance policy is for a pre-agreed amount of time. You could choose anywhere between 10-50 years – during which time you will pay a monthly or annual premium. If you outlive that term, your plan will expire, and you will not receive any payout.
The main difference between a standard life insurance plan and mortgage life insurance is that standard life insurance lasts for your whole life, and your potential payout will remain the same.
Mortgage insurance is also known as decreasing-term life insurance. Typically, the term length matches your outstanding mortgage term. The potential payout from your mortgage insurance will decrease over time – often replicating how much capital you have left to repay on your mortgage.
Life insurance will provide a lump sum if an individual passes away, while income protection will pay a portion of an employee’s salary (usually between 50-70%) while they recover from an illness or injury and are unable to work.
Comparing life insurance policies is not just about finding the cheapest possible premiums. To directly compare life insurance policies, you need to look at a variety of options, including how much financial cover is available, what type of policy it is (e.g. term vs whole life), how long the policy will remain active if the insurer offers any additional services and what their track record is in providing quick and easy payouts.
Mortgage protection insurance is a way to make sure that your family can pay off your mortgage if you die. The length of the policy term will match the length of the mortgage term, and the possible payout will go down as the balance of your mortgage goes down.
Life insurance, on the other hand, gives you a set payout that stays the same over the course of the policy. You can pick a policy that lasts for a certain amount of time or your whole life.
Comparing life insurance quotes online can be complicated because you may not be comparing like-for-like policies. Using an insurance calculator could mean that you’re inadvertently comparing different policy types, length of term, amount of cover, etc.
The best way to get an accurate life insurance comparison is to speak to a broker who knows how to compare premium prices accurately.
Our customers love us.
Would recommend using this service
Tom has been incredibly helpful throughout the whole process of getting my life insurance set up. Very knowledgeable and absolutely ‘on it’ to get me the best product out there.
Mat Wise
First Class Experience
Service was first class, Simon kept me informed at every step in the process.I would have no hesitation in dealing with him again.
Duncan Fordyce
Great, Quick Service
Dealt with Karl who could not have been more helpful. Made the whole process of getting life insurance far easier than other providers I had approached.
Shelley Jenkins
Fantastic!
Approved immediately. Process was so fast and a lot cheaper than I thought. Highly recommended.
Nicola Storr
Useful Links
If you have any further questions about anything to do with Life Insurance and protection for your family, please feel free to contact our team of expert Life Insurance advisors.
Click the links below to find out more: