Yet there are so many different policies out there it can be hard to work out which type of deal you should go for, and which provider you should buy from.
Maybe you’ve been taking a look at Zurich’s life insurance options? Well this guide will help you decide whether Zurich is the provider for you and your family.
Zurich Insurance Group is one of the biggest global insurers, with around 55,000 employees in more than 170 countries worldwide.
In 2018 it paid out 96% of its life insurance claims in the UK and, as a company, aspires to be the leading provider of financial services in the UK by offering high quality customer service.
Zurich has a few types of “term life insurance” deals, which will pay out a lump sum if you die, or are diagnosed with a terminal illness and only have 12 months to live.
That is if you die during your agreed term of cover, which could be as little as a year or as long as 50 years.
With all of its products, you’ll have to choose between level, increasing or decreasing cover.
By paying extra you can get critical illness cover as an add-on policy too, which could offer your family a vital safety-net if you can’t work due to ill health.
Other optional extras include cover for broken bones or ligament damage, which will potentially pay out thousands of pounds for an injury. If you’re a tough-tackling footballer or you cycle into work this might give you some peace of mind.
Meanwhile, you can get protection for your children too, which can offer you a vital financial safety net should they develop a serious condition.
Zurich term life insurance covers you for a set amount of time, from 1 to 50 years. So it can offer you peace of mind while you pay off a mortgage. Or it can make sure your family is covered while your children grow up.
You can buy it as a standalone policy or add Zurich’s critical illness cover, which will offer financial support should you suffer from a serious illness or injury.
Zurich also offers income protection insurance, which will plug the gap in your income if you can’t work due to injury or illness.
While this might seem similar to critical illness cover, there are some differences.
One main one is that it might not protect the same injuries and illnesses. Plus income protection insurance offers you regular payments in a steady drip.
Critical illness, on the other hand, provides a lump sum – and then no more cash thereafter.
With a Zurich life insurance and critical illness policy you can also get serious illness cover for your children. This could help pay for medical fees or to substitute your income if you need to take time off to look after your child.
A Zurich policy can pay out thousands of pounds for broken bones, dislocations and ligament damage too, which might be useful if you are quite active and prone to injuries.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
The specific reasons Zurich may refuse to pay out will depend on the type of policy you have, so you’ll need to go through your Zurich policy document with a fine-tooth comb. However, some general exclusions include:
You can claim by calling 0370 243 0827 or by emailing Bereavements.Zurich@uk.zurich.com, or by filling out its online claim form, which you can find on the Zurich life insurance claims page.
Having any relevant information such as a policy number, doctors’ contact details or proof of death will help speed up the claims process.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We reviewed the Tefal ActiFry Genius XL 2in1 YV970840 to see if it’s worth the money.
Saving enough money to guarantee yourself a comfortable retirement can be complicated. If you’re thinking of investing, a SIPP can be a viable option.
If you’re self-employed, paying into a private pension is a great way to save for retirement, thanks to the tax benefits.
The state pension and private pensions are separate but complementary ways to save for retirement.
We outline your SIPP withdrawal options and whether you should opt for an annuity, flexible drawdown or take your whole pot in 1 go.
Tax relief and employer contributions mean that saving into a workplace pension is an invaluable way to bolster your retirement income.
Learn more about the Crypto.com platform in our complete review.
Learn what you need to know about taking a trip to the US during the coronavirus pandemic, including who’s permitted to travel there and what COVID-19 tests you need to take to visit the US.
Find out what you need to know about your auto enrolment into your workplace pension scheme.
Moving multiple pensions into one scheme could cut costs and save time. We explain the pros and cons of consolidating your pension.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.