Clubfinance Discount Term Insurance (Life Insurance)

<body> <table width="1000" border="0" bordercolor="#FFFFFF" style="border-collapse:collapse" cellpadding="5" cellspacing="0"> <tr> <td class="style3" width="110" rowspan="3" align="left" valign="top" bgcolor="#0000FF" background="../cellback1.gif"> <p> </p> <p><br><a href="../index.php"> Home</a></p> <p><a href="../aboutus.php"> About us</a></p> <p><a href="../ProductIndex.php"> Investments</a></p> <p><a href="../insurance.php"> Insurance</a></p> <p><a href="../Mortgages/Mortgages.php"> Mortgages</a></p> <p><a href="../changeofagent.php"> Change of  agent</a></p> <p><a href="../Fund-supermarket.php"> Fund<br> supermarkets</a></p> <p><a href="../ourprocess.php"> How to apply</a></p> <p><a href="../documentation.php"> Documents</a></p> <p><a href="../faq.php"> FAQs</a></p> <p><a href="../Links.php"> Links</a></p> <p><a href="../Contact.php"> Contact us</a></p> <br> <br> <br> <br> </td> <td align="left" valign="top" style="border-bottom-style: none; border-bottom-width: medium"> <a title="Clubfinance Discount Broker for Investment and Insurance Homepage" href="../index.php"> <img border="0" src="../Clubfinance_Logo_5.gif" width="285" height="36"></a><br> <font face="Arial" size="1"><b>                      Discount Broker for investments, insurance & mortgages</b></font></td> <td align="left" valign="top" style="border-bottom-style: none; border-bottom-width: medium"> </td> </tr> <tr> <td height="2%" colspan="2" align="left" valign="top" style="border-style: none; border-width: medium"> <h1><font size="4" face="Arial">Term Life Insurance</font></h1> <p align="justify"><font face="Arial" size="2">We have a no obligation on-line quotation service for Term Insurance:</font><p> <font face="Arial" style="font-size: 11pt">               <a onMouseOver="document.insurance.src=insuranceOne.src" onMouseOut="document.insurance.src=insuranceTwo.src" href="https://www.webline.co.uk/Term.asp?Vnd_Number=6566&SS=default.css"> <IMG SRC="Term-insurance-online-quote-button1.gif" BORDER="0" Name="insurance" ALT="Term insurance no obligation online quote" align="middle" width="130" height="39"></a>  <a href="https://www.webline.co.uk/Term.asp?Vnd_Number=6566&SS=default.css"> <img border="0" src="insurance-quote-arrow1.jpg" align="bottom" width="264" height="106"></a></font><p align="justify"> <font face="Arial" size="2">Please select the "Term" option from the drop down menu for product type. Please note, Term Insurance is the default option for the quote engine. Please ensure you read the Key Features and other product information and fully understand the policy you are interested in. See the <a href="#Application"><font color="#0000FF">Application</font></a> section for an outline of the process following the quote.</font><p align="justify"> <font face="Arial" size="2"><b><font color="#FF0000">Remember</font></b> your <a target="_parent" href="../documentation.php"><font color="#0000FF">Client Declaration</font></a><font color="#0000FF"> </font>(all parties to sign), see<font color="#0000FF"> </font> <a target="_parent" href="../ourprocess_insurance.php"> <font color="#0000FF">our process</font></a><font color="#0000FF"> </font>for details. As with all online quotations of this type, the premiums quoted are estimates only and the actual premiums will depend on individual circumstances. If the eventual premium differs from the quotation, the policy will not commence without your agreement.</font><p align="justify"> <font face="Arial" size="2">Please note that quotations are valid for only a limited period of time, generally 30 days. In addition, unless you proceed to the personal illustration stage, it will be necessary to requote. If your circumstances change between the quotation being generated and the policy going into force, the premium may be affected. This includes passing a birthday, half-birthday (6 months after your birthday), or in some cases a quarter birthday (3 or 9 months after your birthday).</font><h1> <font size="3" face="Arial">What is Term Insurance?</font></h1> <p align="justify"><font face="Arial" size="2">Term Insurance gives you financial protection if you die within a specified period known as the “term”. Your individual circumstances will determine the term that will match your needs, which might relate to the length of your mortgage, or the time until your children become independent. If you survive until the end of the term you receive no payment from the insurance company. There is no surrender value, meaning that if you stop paying the premiums the cover ceases and there is no refund of premiums paid.</font><h4><font face="Arial">Types of Term Insurance</font></h4> <p><font face="Arial" size="2">There are different types of term insurance available including the following:</font><ul> <li> <p align="justify"><font face="Arial" size="2">Level Term – The amount of cover stays the same throughout the agreed term.</font></li> <li> <p align="justify"><font face="Arial" size="2">Renewable Term – You have the option, after a specified period (usually 5 years) to take out a further term policy without supplying further evidence of health, unless the policy would continue beyond a specified age (often 65 or more).</font></li> <li> <p align="justify"><font face="Arial" size="2">Decreasing Term – Also known as<font color="#0000FF"> </font> <a href="mortgage-protection-insurance.php"><font color="#0000FF">Mortgage Protection Insurance</font></a> - The sum insured reduces each year, decreasing to nil at the end of the term. Typically, the premium will stay the same throughout the term.</font></li> <li> <p align="justify"><font face="Arial" size="2">Increasing Term – The sum insured and premium increase each year by a fixed percentage or based on inflation.</font></li> <li> <p align="justify"><font face="Arial" size="2"><a href="family-income-benefit.php"> <font color="#0000FF">Family Income Benefit</font> </a>– If you die during the policy term a regular income is paid to your dependants for the rest of the term.</font></li> <li> <p align="justify"><font face="Arial" size="2">Convertible Term – You can convert the policy to a whole life or endowment insurance policy without further evidence of health. If you convert, the new policy will usually cost the same as a normal whole life or endowment policy based on your age when you exercise the option. Clubfinance does not currently offer this product.</font></li> <li> <p align="justify"><font face="Arial" size="2">Pension Term Assurance (PTA) - a personal pension policy which is a pure protection contract that can provide tax relief on the premiums. Clubfinance does not offer this product.</font></li> </ul> <p align="justify"><font face="Arial" size="2">The maximum term for life cover is to age 100. You can take out this policy on a single life, joint life first death, or life of another basis.</font><p align="justify"><font face="Arial" size="2">Premiums may be guaranteed for the term of the policy or reviewable, meaning that the insurance company can increase them, usually following an initial period.</font><h4><font face="Arial">Assessing your demands & needs</font></h4> <p align="justify"><font face="Arial" size="2">A loss of life can result in a reduced income for your family or other dependants, which could lead to problems paying debts or meeting tax liabilities. <br> In the event of your death, you may want to provide for family or others dependent on your earnings. </font> <p align="justify"><font face="Arial" size="2">On your death your estate might be liable to pay inheritance tax. Inheritance tax is payable if the value of your estate is above a certain limit. Life insurance can be written under trust so that on your death the sum insured does not form part of your estate and depending on the circumstances and the nature of the trust may not be liable to inheritance tax. Trusts can also avoid the need for probate so that claims may be paid more quickly.</font><h4><font face="Arial">Additional options</font></h4> <p align="justify"><font face="Arial" size="2">Most policies have additional options (these will increase the premium): </font> <ul> <li> <p align="justify"><font face="Arial" size="2">Waiver of premium – typically if you are unable to work due to illness or injury, the insurance company will pay your premiums to keep up the policy; </font> </li> <li> <p align="justify"><font face="Arial" size="2"><a href="critical-illness-cover.php"> <font color="#0000FF">Critical Illness</font></a><font color="#0000FF"> </font>– This provides cover against specific serious illnesses. Depending on the policy, a claim for critical illness may mean that the policy will not also pay out under the life insurance element.</font></li> </ul> <h1><font size="3" face="Arial"><a name="Application">Application</a></font></h1> <p align="justify"><font face="Arial" size="2">To apply for a policy you will have to complete and sign a proposal form. This includes questions on your age, occupation and health. You must answer all questions truthfully. You must also inform the insurer of any change in your circumstances between completing the application and the policy going into force. If you fail to disclose all relevant information, your policy may not pay out. Once the insurance company has received this information, in some cases it may need additional information for underwriting purposes. In some cases your answers may result in you being refused cover or a change to the premium quoted. Once the policy is in force you have an ongoing duty to tell the insurance company about any changes in your circumstances.</font><h1><font size="3" face="Arial">Product providers included in the Clubfinance quote</font></h1> <p align="justify"><font face="Arial" size="2">Our on-line quotation service includes the following product providers:</font><ul> <li><font face="Arial" size="2">Axa</font></li> <li><font face="Arial" size="2">Bright Grey</font></li> <li><font face="Arial" size="2">Bupa</font></li> <li><font face="Arial" size="2">Friends Provident</font></li> <li><font face="Arial" size="2">Legal & General</font></li> <li><font face="Arial" size="2">Liverpool Victoria</font></li> <li><font face="Arial" size="2">Norwich Union</font></li> <li><font face="Arial" size="2">Prudential</font></li> <li><font face="Arial" size="2">Scottish Equitable</font></li> <li><font face="Arial" size="2">Scottish Provident</font></li> <li><font face="Arial" size="2">Scottish Widows</font></li> <li><font face="Arial" size="2">Skandia</font></li> <li><font face="Arial" size="2">Standard Life</font></li> <li><font face="Arial" size="2">Sterling Life</font></li> <li><font face="Arial" size="2">Synergy Financial Products</font></li> <li><font face="Arial" size="2">Unum Provident</font></li> </ul> <h1 align="justify"><font face="Arial" size="3">How does Clubfinance provide such low quotes relative to even some of the 'Discount Life Insurance' companies?</font></h1> <p align="justify"><font face="Arial" size="2">First, we do not give advice or recommendations. Second, Clubfinance has a very simple policy of providing excellent value to our customers. We do this by rebating our initial commission to reduce the premium. We rebate up to 90% of initial commissions. We urge you obtain quotes from other companies, as we are confident of our low quotes.</font><h1><font size="3" face="Arial">Conclusion</font></h1> <p align="justify"><font face="Arial" size="2">It requires careful planning to choose the right insurance policy. It is important to read the Key Features and other information relating to each policy to understand the features, benefits and limitations of each. It is also important to make sure that your cover continues to suit your changing needs and circumstances. </font> <p align="justify"><font face="Arial" size="2"><b>This is a general overview only. You must read the Key Features and other product information specific to the policy you are considering. This overview does not represent and is not intended to represent advice or recommendation. If you need advice you must contact a firm that can provide the advice you need.</b></font><p align="center"> <font face="Arial" size="2"> <a target="_self" href="https://www.webline.co.uk/Term.asp?Vnd_Number=6566&SS=default.css"> <font color="#0000FF">Please click here for a no obligation on-line quote for Term Insurance</font></a></font><p> </td> </tr> <tr> <td colspan="2" style="border-style: none; border-width: medium"> <font face="Arial"> <b>Important Information</b></font><p align="justify"> <font face="Arial" size="2">Clubfinance Ltd is authorised and regulated by the Financial Services Authority. Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under ‘<a style="color: blue; text-decoration: underline; text-underline: single" href="../Contact.php"><font color="#0000FF">contact us</font></a>’. Users of this website should be aware of the following:</font></p> <ul> <li><p align="justify"> <font face="Arial" size="2">Past performance is not a reliable indicator of future results.</font> </li> <li><p align="justify"> <font face="Arial" size="2">The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.</font> </li> <li><p align="justify"> <font face="Arial" size="2">Some investments and policies may only be suitable as medium or long-term products.</font> </li> <li><p align="justify"> <font face="Arial" size="2">Tax treatments depend on your individual circumstances and may be subject to change in future.</font></li> <li><p align="justify"> <font face="Arial" size="2">This website contains financial promotions relating to services offered by and products available through Clubfinance.</font> </li> <li><p align="justify"> <font face="Arial" size="2">In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail. </font></p> </li> </ul> <p align="justify"> <font face="Arial" size="2">The information on this website is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes and is governed by our terms and conditions of website usage, </font><span style="font-family: Arial"> <font size="2">please <a style="color: blue; text-decoration: underline; text-underline: single" target="_blank" href="../Webconditions.php">click here</a> for details.</font></span><font face="Arial" size="2"> It is not for distribution in any other jurisdiction, including the United States of America. Anyone who is not a UK resident should not continue with this site unless wishing to read about personal finances available to UK residents for informational purposes only.</font></p> <p align="center"> <font size="1"><span style="font-family: Arial">©</span></font><span style="font-family: Arial"><font size="1">2004-2008 Clubfinance Ltd, all rights reserved. <br> </font></span><font size="1"><span style="font-family: Arial"> Clubfinance Ltd. Registered Office: Charleston House, 13 High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AA<br>  Telephone: 01442 217 287, Fax: 01442 241 045<br> Registered in England, Registered Number: 04522114. Consumer Credit Licence Number: 608951<br> Clubfinance Ltd. is authorised and regulated by the Financial Services Authority (400139)</span></font></td> </tr> </table> <script src="http://www.google-analytics.com/urchin.js" type="text/javascript"> </script> <script type="text/javascript"> _uacct = "UA-284924-2"; urchinTracker(); </script> </body>