Types of Life Insurance
Lifebroker is a specialist Life Insurance Broker that provides life insurance and income protection solutions.
There are a number of key insurance areas where we can provide assistance. All insurance products have commission rebated to make the premiums lower than going direct.
The following information details the various types of cover that Lifebroker offer, the benefits they provide, and what you should look for in the policy. If you want to know more about the features, select the appropriate type of insurance where you can explore the insurance product in more detail.You can request for a Lifebroker Consultant to call you so that you can discuss the different types of insurance that are available. We will be more than happy to go through the features of each type of insurance. We are unable to provide you with financial advice however, we can provide you with the best price for your life insurance by accessing over 20 of the strongest insurance companies in the UK.
Level Term Life Insurance pays a lump sum upon the death of the life insured within a set term. This insurance provides protection to your loved ones.
Find out more about Level Term Life Insurance
Decreasing Term Life Insurance:
Decreasing Term Life Insurance simply decreases over a set term. It is ideal for protecting a loan that decreases over time.
Find out more about Decreasing Term Life Insurance
Mortgage Protection Life Insurance:
Mortgage Protection Life Insurance is best suited to a repayment mortgage whereby capital and interest is paid off the mortgage regularly and therefore reducing the balance. It is similar to decreasing term insurance.
Find out more about Mortgage Protection Life Insurance
Critical Illness cover insurance pays a set lump sum in the event of a specified 'critical illness' during the term of the insurance policy. Critical illnesses can range from Cancer to Heart attack (when purchasing this cover it is paramount that you research the list of critical illnesses as they vary from company to company).
Find out more about Critical Illness Cover Insurance
Income Protection is the most crucial and flexible insurance as it is designed to replace your income if you are unable to work due to illness or disability. Your most valuable asset is the ability to produce an income and this must be protected.
Find out more about Long Term Income Protection
Family Income Benefit is a life insurance contract that will pay your loved ones a pre determined yearly income.
Find out more about Family Income Benefit
Business Protection Insurance is vital if you have a business that could be in trouble if one of the owners were to pass away. It allows for the surviving owner(s) to buy out the share of the business from beneficiaries.
Find out more about Business Protection Insurance
Over 50's Life Cover is simply life cover that last for the whole of your life. It provides a small lump sum of money to cover the cost of your funeral and can be paid to either your chosen Funeral Director or a beneficiary. There is no medical underwriting meaning that cover can go in place immediately.
Find out more about Over 50's Life Cover
Income Protection for Cyclists:
As the name suggests this is a normal income protection plan with the added bonus of getting you bike replaced if you claim due to a cycling incident.
Find out more about Income Protection for Cyclists
International Life Insurance is available via Lifebroker. We are able to offer access to life insurance for British expatriates who are resident in all member states of the EU.
Find out more about International Life Insurance
Whole of Life Insurance cover is for the whole of your life. Ideal if you want to leave some money to someone when you pass away.
Find out more about Whole of Life Insurance cover
Gift Inter Vivos insurance is a form of term insurance to cover the potential Inheritance Tax (IHT) liability that can be created when someone gives a large sum of money away (makes a Potentially exempt Transfer).
Find out more about Gift Inter Vivos insurance
HIV Life Insurance is a new product provided by Pru Protect whereby they can offer life insurance on standard terms to people living with HIV.
Find out more about HIV Life Insurance
Diabetes Life Insurance can be hard to find depending on what type of diabetes it is that you have. Let Lifebroker find the best insurer for this condition.
Find out more about Diabetes Life Insurance
Group Life Insurance Schemes are set up by Companies that want to offer their employees insurance. Setting up a large insurance scheme allows for large discounting due to volume.
Find out more about Group Life Insurance Schemes
Key Person Insurance is vital to a company if you rely on one particular individual who is instrumental in the success of the business-without this person around the company may suffer financially.
Find out more about Key Person Insurance
Total & Permanent Disabilty Insurance (TPD)
Total & Permanent Disability cover is usually included in most life and critical illness polices, however a few still offer it as an extra option.
Find out more about Total & Permanent Disability cover
Lifebroker guarantees to:
1. offer better value than going direct to the insurance company
2. save you time, money and the hassle of shopping around
3. rebate commission
4. store your personal information securely
5. not pass on or sell your personal information
Lifebroker UK is authorised and regulated by the Financial Services Authority No. 479431