Former Moneysupermarket.com managing director Stuart Glendinning has partnered with former colleague Louise Cuming to set up an online protection advice company.
The Life Department, which works with Legal & General, PruProtect and Ageas, is now live and will formally launch with its quote facility on August 15.
The website, www.thelifedept.co.uk , features a slider tool designed by insurance software firm Total Systems which allows consumers to combine the level of life, critical-illness and income protection cover they want.
Consumers get an instant quote with the lowest premium from the three providers without having to put in their details.
If they want to proceed, consumers can either phone The Life Department to speak to an authorised, telephone-based adviser or the company will phone them back to ensure their cover is suitable. The venture is privately funded by Glendinning and Cuming.
Director and former Moneysupermarket.com head of telephony sales and service Cuming says: “This introduces the concept of varied amounts of cover and we are hoping this is something that will appeal to the younger generation.
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Get bInstant/b Term bLife Insurance Quotes Online/b
You need to keep your budgetary constraints and long term financial goals in mind before purchasing life insurance. There are choices available in both permanent and temporary life insurance plans. There are a lot of companies offering insurance with fair prices. You must do your homework before zeroing in on the insurance company. Compare insurance rates, customer reviews, and the company’s reputation in the promptness in payment of benefits. You can even get instant quotes on the company’s websites. The insurance company must be an established, renowned organization as they are licensed, certified and financially sound. You can also hire the services of an insurance expert and ask him to do a complete review of your financial condition and suggest the policy. This way you can purchase the insurance policy which is custom made for you and best suits your needs.
Picking up an ideal policy also requires thorough homework. Broadly speaking there are two types of life insurance policies – the temporary term life insurance and permanent life insurance policy, each of which has many variant. Make sure your chosen policy does not put any strain on your budget and yet can provide enough death benefit for covering your funeral expenses, paying your outstanding debts and loans, providing for the children’s further education, taking care of your spouse’s financial needs etc. It is not an impossible proposition if you choose a term life insurance. Go online to receive instant term life insurance quotes and see for yourself.
How can you get an adequate coverage at affordable rate? The answer lies in simple mathematics. Let us have a closer look: • Term life is a pure life insurance policy and therefore do not offer any investment opportunity. As a result, the entire amount you pay as premium can be used to buy the death benefit. Ordinarily, the permanent policies are overpriced to pay for investment opportunity.
Every policy purchase starts with receiving life insurance quotes and you can get instant term life insurance quotes if you try to get them through online brokers. All you need to do is to provide details like your age, gender, health condition, height and weight, tobacco use etc and as soon as you hit the relevant button, relevant quotes from different insurance carriers will start appearing on your screen. You can now compare them to get a competitive price on your policy.
