To compare life insurance policies, you need to know what each provider offers and how the key factors compare between each life insurance company. 

Only by knowing what each life insurance company provides and how it compares with other companies can you know you are getting the best life insurance deal on the market. 

When looking to compare life insurance policies, look at the following:

The range of policies on offer is an important factor in choosing the right life insurance policy. You need to know that the life insurance company has the right policy for you and the one that will give you the specific cover you need. 

You do not want a company with a limited range that will only try to sell you a one-size-fits-all policy. 

The best life insurance company will have a range of policies and will tailor one to suit your needs.

The levels of cover the company provides is vital when choosing the right life insurance policy for you. You need to know if the life insurance company offers the level of cover that can provide for your loved ones left behind.

If you do not have the right level of cover, the life insurance policy is not right for you. Each policy should cover you for what you need and be able to pay out the right amount when needed. 

Always ask your life insurance provider about the levels of life insurance cover on offer.

Customer service is another factor to consider when choosing a life insurance policy. A company with good customer service will respond to your needs, while one with poor customer service will only make you wish you had gone elsewhere. 

When looking at customer service, you should look at:

Customer service is important, and a good life insurance company will be proud of its customer service record.

The price of the life insurance policies on offer must be competitive but also reflect what cover you get from the policy. The best life insurance company should be able to offer you a good price on their policies as well as excellent cover. 

Too many people pay too much for life insurance. Too many people also pay too little and do not have the cover they need. 

Knowing the price of life insurance policies on offer can help you make up your mind.

In Ireland, two main types of life insurance policies are available to those seeking life insurance cover: Term Life Cover and Whole Life Cover. 

You can also add extra cover to your life insurance policy if needed, but this will probably cost you more in premiums.

Term life cover is when you take out a life insurance policy with a fixed number of years of cover. You could take out a term life cover policy for 15 years, 20 years or 40 years, or you can choose the term to suit your needs. 

Term life cover will pay out an agreed amount to the named beneficiaries if you die within the number of years specified on the policy. 

People use term life cover to cover maybe their working years when they still have financial dependents or to cover their life until the children are financially stable. 

You can also take out Convertible Term Life Cover, which allows you to change the term life during the time of the policy.

Whole life insurance cover gives you life insurance protection up until the day you pass away. The policy will pay out the agreed amount to the named beneficiaries regardless of whether you die at 42 or 92 years of age. 

A Whole Life insurance policy tends to be more expensive as you are buying cover for a longer time, and the life insurance company will have to pay out to beneficiaries at some stage. 

You may also be able to access the cash value in your life insurance policy, which has an influence on the cost of premiums.

Other types of life insurance or additional cover available in Ireland:

Not every company may offer each additional type of life insurance policy, or you may not need the levels of cover provided by every type of life insurance policy. 

Your life insurance expert should advise on the different types of life insurance and which one will best suit your needs and pocket.

Contact Life Compare to find the best life insurance provider for you. Our Qualified Financial Advisors constantly look at the market and find the best value for our clients. 

We work with all the major life insurance companies to bring you the best deals on the right policies. 

Our easy-to-use life insurance calculator will ask you a few standard questions to help you figure out the costs of your life insurance policy. 

Life Compare has the experienced staff to help find the life insurance policy to suit your needs. Getting you the right policy with the right company is what we do.

Call us today for all your life insurance needs.