Technically, life assurance
is different to life insurance. However, we include it here as there is
much blurring between the two of these nowadays and some of what life
insurance policies offer might be considered life assurance. Thus use
of our comparison system (link above) may well be of interest to those
seeking life assurance too.
What is the difference between life assurance and life insurance then?
Well, life insurance expires if you stop paying your premium while with
life assurance payment on your death is guarateed even after the term
of your payments has concluded.
You can also vary your investment plan according to your needs and
circumstances with life assurance. Typically life insurance makes a
fixed payment and does not have this built in flexibility. However, as
stated above, there is often some overlap betwen these that allows some
tailoring of your life insurance plan as you go along according to your
needs and wishes.
We can therefore suggest use of our life cover comparison system even
if your primary intent is to secure a life assurance type policy at the
present time.
Because you can compare so many plans after filling in details once,
there is scope for much flexibility and choice via this system that
presents numerous plans for your consideration.
In fact, many people wanting life assurance, will select one of those
policies as identified by our comparison system. Our comparison
service, incidentally, is provided by Quotezone. They have an
established history of providing quote comparisons to the UK public
over many years and they are well respected by the industry and those
that use their comparison services. Indeed, repeat business via their
services on this site is commonplace, a clear endorsement of their
utility.
Their independent status makes sure that you don't pay any more than
you need to as there is no inherent bias towards any one insurance
provider. Thus, anyone currently searching for life assurance can be
confident of a great value deal if approaching this process with an
open mind about the exact nature of their final policy.
Certainly, we check enough providers to give you a good range of
options from reputable, FSA-registered insurance providers.
This is a great service to meet those needs which you would aim to meet
via a life assurance plan; so we do recommend having a look to see what
kind of deals you are able to secure for your current circumstances.