Who is the best life insurance providers for 2018

Aegon started off in 1844 and today has a worldwide presence in 25 countries. They launched their protection plan way back in 2001 and now insure more than 400,000 lives. On product reviews website mouthshut,com, Aegon scores 4.39 out of 5 stars from over 1800 customer reviews. People looking for life insurance can buy one of level term, reducing term and family income benefit. By just answering a few questions, cover of £500,000 can be bought. It is one of the cheapest life insurance that begins from £4.95 each month. Aegon offered life insuarnce with free gift for new customers, you can qualify for £50 Love2Shop vouchers when you take out a Aegon life insurance policy.

Zurich provides three different types of cover- fixed cover, increasing cover and decreasing cover for people’s unique needs. They are one of the world’s biggest insurers. This cheap life insurance starts from £5. In 2017, this insurer paid out 99% of all death claims and 95% of critical illness claims. You and your family can have access to Zurich Support Service provided by one of Zurich’s partners. There are also many add-ons available but need to be added at the time of purchase. Some of them are critical illness cover, total permanent disability cover, payment protection benefit, waiver of payment benefit and convertible term. To every new policyholder, Zurich offers £100 worth of Love2Shop vouchers that can be used for high street brands. It’s good to know that Zurich Life Insurance pays out if you die within the policy term. If you’re diagnosed with a critical illness and are expected to live for less than 12 months, their life insurance will issue a payout to your loved ones.

One of the number one life insurance providers in UK is Legal & General. They offer life insurance both for young and over 50s citizens. You can help protect your loved ones just from £6 a month. For senior citizens, it’s indeed the best life insurance with cover as little as £5. You can choose from either a level cover or decreasing cover depending on whether you want to cover living expenses or pay off mortgage respectively. Applying for the cover is simple and highly recommended for those who would prefer not to answer health questions. Cover for critical illness such as heart attack, cancer and stroke can be added to your standard policy. When you take out a new cover, Legal & General will give you a £100 M&S gift card.

A permanent resident of the UK and between 18 and 89 years old- that’s just what makes you eligible for Aviva's cheap life insurance. This is yet another insurance provider who is 5-star rated on Defaqto by nation- and world-wide opinion. Half of their customers pay £15 or less for cover exceeding £5million. Flexible length of policy allows you to secure protection from 1 to 50 years. Also, you have a choice of cover that either goes up against inflation or goes down over time. Aviva has other products too such as Critical Illness cover, guaranteed lifelong protection for over 50s and free 12 months’ cover for parents with children under 4 years. This leading UK insurer offers a separation benefit by which joint policies can be split up into single policies. Aviva Trusts ensure that your money goes to whom you want it to and they’re exempt from paying inheritance tax. For over 50s policies directly taken from Aviva, they give £50 Marks & Spencer voucher.

Their 5-star Defaqto winning products surely point to the best life insurance on the market. You can choose from a variety of life insurance like term life, whole-of-life, serious illness cover, income protection and mortgage protection cover. With their life plans, you can earn savings and rewards with Wellness Optimiser such upto 40% discount on premiums. They also provide an opportunity to earn £125 as cashback each year. VitalityLife’s cover is more comprehensive than any other insurer and you’re 3x more likely to get a payout with them. Minimum monthly premium is £8. Those who are members of VitalityLife get 40% off monthly gym membership. New customers are entitled to Apple products at just £29.

You can help protect your family with one of the cheapest and best life insurance on the market. As per reviews from 2218 customers on Feefo, Royal London scores 4.9 stars out of 5. The reasons are many. Three different types of cover to suit every lifestyle and budget is probably the main attraction. An additional factor is the Terminal Illness benefit at no extra cost. Serious Illness benefit is available as an add-on for you and your children. Payments start from just £5 a month and you can opt for a single lump sum payout of £500,000 or upto £2,500 each month as per your convenience. If you take their life policy, you’re entitled to a gift card offer of £50 Amazon gift card. Qualifying for Royal London Life Insurance doesn’t take much. You only need to be a UK resident between 18 and 70, excluding members of the Armed Forces. Do remember that the policy may run for a maximum of 50 years and has no cash-in value at any point of time.

LV= is a popular name in the UK insurance market. LifeSearch Protection Awards 2018 awarded them with “Best Overall Provider”. If you’re a UK resident between 17 and 79 years, you can get LV=’s cheap life insurance. The policy can run for any number of years from 5-45. They guarantee that your premiums won’t change in future unless you change your cover. Cover starts from £5 and terminal illness cover comes free of cost with a new policy. As an LV= policyholder, you would also get access to their member benefits and doctor services for nothing. In 2017, 95% of life insurance claims were issued a payout. Much like other insurers though, again you have to select either a single or joint policy that stays the same or reduces over time. Their incentive is a £75 John Lewis gift voucher.

Based on 964 reviews on Trust pilot, Beagle Street Life Insurance was rated a 9.1 out of 10 that means “excellent”. YourMoney.com conferred them with the ‘Best Online Life Insurance Provider Award’ in 2018. Their cover is accessible to anybody between 18 and 64 years of age. A cover amount ranging from £40,000 to £750,000 can be secured at just £7 per month. You aren’t compelled to undergo a medical or blood test against your wishes. In the same way as other insurance companies, Beagle Street also offers level term and decreasing term life cover. As extra cover, you can go for critical illness cover for yourself and your child. There’s also an option of taking Life Assurance that will provide protection till you live. You may also want to consider a joint policy which is better than two separate policies. In place of gift cards, this insurer offers a more relevant gift- a free Will writing service normally costing £150.

The reason why Direct Line’s life cover is preferred by many is because of a fixed insurance premium over the policy term. A Defaqto rating of 5/5 and Reevoo rating of 8.6/10 speaks for itself. This cheap life insurance starts from just £6 per month for invaluable protection to your dear ones. Direct Line offers level term and decreasing term plans to be taken singly or jointly. Based on 2017 data, 98.3% of claims were paid out. £5,000 is being provided as advance payment while claims are being processed. For terminal illness, your costs of a second medical opinion will be covered upto £300. As a new policyholder, you can also lay claim to Amazon, M&S and B&Q gift cards upto £180. As for existing customers, 7% discount applies on a minimum premium of £6. Premium calculation is done after considering your age, whether you smoke, health and lifestyle. If you cancel your policy at any time, cover will end after 30 days.

SunLife deals in over 50s life insurance. It is a trusted and popular UK name with 200 years of experience. No doubt, they are proud of a 5-star rating on Defaqto and Feefo. The minimum age to qualify for their life insurance policy is 49. Like other insurers, they are considerate of their customers. You don’t have to necessarily answer any health questions. SunLife’s cheapest life insurance comes at under £ 3.90 a month. Both acceptance and payout are guaranteed for customers. Claims processed are 100%. You can also add their funeral benefit option of £300 at no cost whatsoever. As a welcome gift, you’d be eligible for £100 free gift card. The full cash sum will be paid if you die two years after begin of the policy. Inflation may reduce the cost of your payout.

You can look after your loved ones with simple, affordable OneFamily life cover from £8 a month. They have a 5-star Defaqto rating which is the highest anybody can get. They only offer policies for senior citizens between 50 and 80 and don’t ask for a medical exam. Unlike similar products, OneFamily’s life insurance offers serious and terminal illness benefit as standard once the policy’s two-year window closes. As a Plus policy, your family and you are guaranteed emotional and health support, £250 funeral contribution and option to nominate beneficiaries for a prompt payout of upto £5,000. Full life cover is payable after 24 months. You have to pay premium till 90 years. If you’re a non-smoker, you may get a low rate. Another benefit is a £30 M&S gift card or 3 months cashback. Cash lump sum may be subject to inheritance tax. Inflation may have its effect on this ‘Over 50s Life Cover Plus’ policy.

Churchill is a reliable name for UK residents. Their life insurance is of two types- level term (cover remains the same) and decreasing term (cover decreases in line with repayment mortgage). It pays out if you die during the policy term. As an added benefit, they pay out £5,000 which is helpful to families that are in urgent need of money. This insurance provider boasts of happy premiums of £6 and flexible life policies to suit your requirements. You won’t need a medical to take out a life policy from Churchill. The term of your cover can go upto 50 years as long as it finishes before you turn 90. They offer an Amazon gift card upto £120 to every new policyholder. Critical illness cover is not standard but available as an add-on. Policies don’t have a cash-in value at any point of time.