Life Direct will search all leading life insurers
to find you the best discounted premiums.
| We search
the entire market to find you the lowest life insurance premiums.
Our discount
then reduces the premium even further.
Level
Term Life Insurance
The amount of life cover usually remains
the same over the plan term selected, hence the name 'Level Term'.
Mortgage Decreasing Life Insurance
Life insurance designed
to pay
off a 'repayment' style mortgage.
Cover reduces in line with a
repayment mortgage.
Critical illness cover
Pays you a tax free lump sum on diagnosis of a critical illness (e.g. cancer,
heart attack, stroke, brain tumour and many more). |
MORTGAGE LIFE INSURANCE//
Surprisingly less than 50% of home owners have life insurance to guarantee repayment
of their mortgage upon death. Which means, if the worst occured and the homeowner
or a breadwinner were to passed away, the debt would fall to their next of kin
or family left behind.
By taking a life insurance to track the repayments
on your mortgage you’ll be safe in the knowledge that if you passed away
the mortgage would be completely paid.
Depending on your mortgage and
your personal circumstances,
MSM Direct will search leading life insurers
to find the lowest price available. We understand mortgage life insurance is a
necessity, but paying too much is not.
Critical
Illness Cover(CIC) // is a life insurance cover that provides
a lump sum payout if you suffer or are diagnosed with a serious illness or critical
illness. Males have 1 in 4 chance of suffering a critical illness e.g. cancer
and women have 1 in 9 before the age of 65. See our ‘facts of life’
page for more information.
Normally run alongside a death policy, Critical
Illness Cover (CIC) covers a broad range of serious conditions from cancer to
heart disease (see our definitions guide for further details).
The premiums
for these policies vary considerably from company to company as each life insurer
uses a different set of definitions as to what they cover. | In
the UK the average household level of life insurance is only £17,000 (Association
of British Insurers) far short of any families needs, most have none.
FAMILY LIFE INSURANCE// Research shows the average cost of raising
a family is estimated to be over £200’000, so imagine how far £17,000
will get you.
When insuring your life it is important to consider the financial
commitments you have now and also for the future. Factors such as: Children,
their future lies in your hands. They depend on you to feed, cloth and protect
them. Even as they grow older the expense will change for holidays, lifestyle
and education, especially if they progress to college and university as we all
hope they will.
Your spouse or partner, do they look after the family
home and/or children? Well imagine the affect of their loss on you and your lifestyle.
You may have to leave work temporarily or permanently, or, if they work you may
need extra money to replace the income you have been accustom to.
For
as little as *25p a day you could insure your life for as much as £100’000
over the next 25 years, providing peace of mind and financial security for you
and your family.
MSM Direct will use it’s
expertise and to search leading uk insurers to find you the best price
|
We believe we can provide you with some of the
most competitive mortgage life insurance quotations available.
Mortgage
Life Insurance can help care for your family's financial situation
by paying off the outstanding balance of the mortgage on your home with a cash
sum should you die before the end of the term of your policy. The level of cover
decreases in line with a standard repayment mortgage, so you are only paying for
the life cover you require.
You can take out Mortgage Life Insurance on a
single or joint life basis, with the cash sum being paid out on the first claim
only. You choose the number of years the policy will be in place and the level
of mortgage life cover your require at the outset of the policy.
Critical
Illness Insurance will pay out a lump sum upon diagnosis of a
specified serious illness. You decide the number of years the policy will be in
force and the level of cover you require at the outset.
The critical
illness policy can be set up on a single or joint life basis or can be added to
either Level Term or Mortgage Life Insurance.
If a specified critical
illness is diagnosed during the term of your policy then the sum insured is paid
out. If you have not suffered any specified serious illness at the end of the
term then the critical illness insurance policy ceases and nothing is paid out
as this product has no cash in value at any time. | We
aim to provide you with some of the most competitive level term life insurance
available.
At theidol.com we
share our commission with you the customer. We do this by sacrificing
a percentage of our commission, which will reduce your premiums throughout the
term of the policy. Because of this commission sacrifice we aim to provide you
with some of the most competitive UK level term life insurance quotations.
Level Term Life Insurance
UK
Level Term Life Insurance has a level of cover which remains the same throughout
the term of your policy. You decide the number of years the policy will be in
force and the level of cover you require at the outset.
The level term
life insurance policy can be set up as either a single life plan or as a joint
life first death policy, where the sum insured is payable on the first death.
Critical Illness benefit can also be added to most level term life insurance policies
for an increased premium. By adding Critical Illness benefit the policy will pay
out either on death or the diagnosis of a specified critical illness, whichever
occurs first.
As soon as the sum insured is paid out the life insurance
policy ceases. If you survive the term and the sum insured has not become payable
then the plan ceases and nothing is paid out as this product has no cash in value
at any time.
If you are replacing an existing policy please ensure you
do not cancel your current arrangements until your new policy is in force. |
