1st 4 life insurance uk

Glossary

Reviewable premiums
Life insurance UK policies with reviewable premiums are generally cheaper to start with, but UK life insurance with renewable premiums can increase swiftly as the premiums are set at higher rates.

Terminal illness
This is a benefit that is included by some life insurance companies UK free of charge with their policies. It means that your life insurance benefit will be paid out early should it happen that you fall sick with a terminal illness.

Trusts
Some life insurance companies UK will provide you with trust documents free-of-charge when you arrange your policy. By placing your UK life insurance policy in trusts it is generally agreed that any payments are submitted at greater speed and trusts could also help with Inheritance tax planning.