Life assurance Rate UK

How to go shopping for the best life policy rates.

The life assurance rate UK buyers pay depends above all on the choice made between term and whole-of-life policies. If you buy a term policy, you can probably decide for yourself what you need. With whole-of-life policies you’re better off talking to a financial adviser.

When hunting for the best life assurance rate UK customers have two stark choices. If it’s whole-of-life cover you require (effectively long-term investment) then there is truly no need for you to do the shopping: talk to a financial adviser. That is not only because they are invariably best qualified to match you up with the right type of whole-of-life product, and to explain the differences between them (the nature of bonuses, how unitised products work etc…); but also because returns on life policies recently have been so derisory that you might well be recommended an entirely different investment vehicle with more stable returns or a particularly favourable tax environment.

However, for term cover the best life assurance rate UK consumers are likely to find will be online, via any number of finance portals, discount brokers and direct sales outfits. Try well-known names (Direct Line, Tesco) and then look for brokers offering a discount. In many cases term cover has halved in price (a young male client can expect to pay around the £10 mark monthly) and invariably the very best buys are clustered within 50p per month of each other, so it’s fairly simple to establish the median price. In both cases, as always, the winner shops around.