Life Assurance Find it online with Jump life insurance

Life assurance or life insurance

To someone starting their search for an insurance policy the difference between life assurance and life insurance may seem confusing. It’s actually quite simple once you get around the terminology.

Can we save you money on your life insurance or critical illness?
Get your free instant quote and apply online now

Life Insurance Quote
 Critical Illness Quote

Life assurance comes in many disguises

Before in explain the difference between life assurance and life insurance I will list a number of the different terms providers may use when referring to life assurance:

  • Investment life insurance
  • Whole life insurance
  • Permanent life insurance

    • Life assurance or life insurance

    Unless prefixed by the words ‘investment, whole or permanent’ as listed above – life insurance is a fixed term policy. I.e. it will pay out if the policy holder should die during a fixed period of time; usually 10, 15 or 20 years.

    Life assurance is a policy which covers the eventual imminent death of the policy holder – i.e. it is insurance against something that will happen as opposed to something that might happen, (life insurance).

    Because a payout is guaranteed with life assurance, (as death is an unfortunate inevitability) the premiums are usually much higher than a standard fixed term life insurance policy.

    With life assurance it is possible to borrow against the policies value. But it’s important to be aware that these loans will cut the payout available to the policies beneficiaries should you fail to pay them back whilst alive.

    As with a fixed term life insurance policy – the cost of a life assurance policy depends on a number of risk factors, these include:

  • Age – with older clients having to pay higher premiums
  • Occupation – an office worker is likely to have lower premiums than someone who spends their days fighting fires.
  • Health – if you have clean bill of health you will have lower premiums than someone with a multitude of health complaints
  • Lifestyle – smoking etc raises the cost of your premiums.
  • Gender – women are more likely to live longer than men, thus their life assurance will cost less.

    • Choosing life assurance cover

    With a plethora of life assurance policies to choose from online it is often difficult to know which one to pick. Established in 1995; Jump Money have been helping people like you protect their family’s financial security should the unexpected happen for over a decade. For more information on their great range of products and services why not give one of Jump Money friendly staff a call on: 0845 8516262. Or alternatively take a look at the website at: www.jumplifeinsurance.co.uk for a life assurance cover online.

    Return to Jump Life Insurance articles index

    Get a free online Life Insurance quote | Get a free online Critical Illness quote | Get a free online Mortgage Protection quote | Get a free online Income Protection quote | Return to the home page