Barclays Life Insurance
Life insurance is something that many people overlook, but it should really be the first thing to consider if you have a family and young children, because if anything were to happen to you, what would happen to them ?
Barclays Life Insurance can offer you, your family and your loved ones peace of mind as it will provide a cash lump sum if the unexpected happens, like a car accident or a heart attack.
Barclays Life Insurance not only provides a cash lump sum when the policy holder passes away, but it can also provide that lump sum if you are diagnosed with a terminal illness. If you are working for instance and were taken ill suddenly do you have any means of backup to provide for your family? If not you have to ask yourself how would you manage without any income from your job? That is where a Barclays life Insurance policy can help as well.
Barclays offer their customers life insurance from just 20 pence a day, that’s even less than the price of a pint of milk or loaf of bread. Realistically that is something that we can all afford, though prices may vary depending on your age and state of health, but you should be able to take advantage of this great offer anyway. In the current economic climate that is something to think about!
There are three types of cover available to people looking to buy a Barclays Life Insurance Policy, with those being level term cover, decreasing term cover and family decreasing term cover. Level term cover will pay out a cash lump sum upon your death, or it will also payout if you are diagnosed with a serious long term illness. This is a suitable policy if you wish to leave a lump sum to your family should you die.
A decreasing term cover policy is more suited to those who are looking to cover mortgage repayments or large loans. The level of life insurance reduces in line with your reducing mortgage or loan payments. These particular policies will payout a lump sum that will cover your remaining debt. The third and final policy is the family decreasing cover term. The easiest way to calculate for this policy is to work out how long you need cover for and multiply it by your yearly salary. A 15 year plan at £15,000 per year for instance would payout £225,000 in the first year should you die, and if you were to die after 10 years it would payout £75,000.
There are a few important facts to take note of when applying for Barclays Life Insurance. Firstly the policies are available to anyone who lives in the United Kingdom and is aged between 18-68, and life insurance cover stops immediately when you celebrate your 70th birthday. Also if you aged 50 or over there is a maximum amount in which you can be insured for, with £300,000 being the maximum if you are aged 50-54 and £200,000 being the amount if you are aged 55-59. For those who are aged 60 and over the maximum amount a Barclays Life Insurance policy will payout is £100,000.
Whatever your requirements are you can compare Barclays life insurance plans with hundreds of other plans from UK’s top life insurers by completing our short form. You will receive a free quote provided by an experienced FSA adviser so you can rest assured about making the best decision possible knowing that if the unexpected were to happen your loved ones will be safe.