Life Insurance in UK
contributes a lot for the economic growth of United Kingdom. The standard of living of the people of UK is high. The residents of UK are also aware of the importance of investing in life insurance schemes.
About Life Insurance, UK:
The people of United Kingdom invest in life insurance policies to protect the future of the dependent family members in case of an untimely death. The people of UK also invest to have a steady source of income after retirement. The scheme is known as the pension scheme of life insurance.
Life insurance also allows the policy-holder to pay their property tax after death. The dependent family members do not have to bear the burden of paying the tax. The short term life insurance policies
fetch money along with the bonus after a stipulated time.
Investments in Life Insurance policies
in UK also bear the expense of the last rites of the policy-owner. The insurance policies in UK are instrumental in securing the future of the policy -owner and his/her family.
A whopping 222 million pounds is paid by UK for life insurance.
A lot of insurance companies are available in UK that compete with each other to provide the best of the insurance policies to their customers. The life insurance companies also increase the awareness about health by collaborating with the private health-care service providers.
Some of the life insurance policies
are there to provide savings as well as security to the policy holder.
Some of the companies in UK also provide life insurance benefits for their employees by the pension scheme of life insurance. The employees can reap the benefits of pension after retirement.
The important Life Insurance companies in UK
are as follows:
- Standard Life
- Direct Line
- Sainsburys Bank
- Scottish Widows
- Norwich Union Direct