Automobile Association Insurance Services Ltd. is one of the best budget insurance companies in the UK. In 2007 and 2008 AA Life Insurance won the “Most Competitive term Assurance Direct Provider” award from MoneyFacts. If you’re looking for affordable life insurance, AA Life Insurance is the place to turn.

Here are some of the products offered by AA Life Insurance:

• Level Term Life Insurance. This type of cover will provide a single lump sum payout if you pass away during the policy’s term. This cover helps to provide your family with a financial safety net, and makes it so they don’t have to worry about financial problems during an already difficult time. The amount of the payout stays at the same amount through the entire term of the policy.
• Mortgage Protection Life Insurance. This kind of cover gives a lump sum payout that is designed to fulfill the obligations of your mortgage contract. The amount of the payout is reduced yearly to the same level as the outstanding balance on your home mortgage. Your premiums for this type of cover are often less than they are for level term life insurance because of the diminishing payout value.
• Critical Illness Cover. Optionally, you can add coverage to your level term life insurance or your mortgage protection life insurance that will protect you and your family in the event that you are diagnosed with a critical illness. There are specific illnesses defined in the policy that fall into the “critical” category. Each of the other types of cover will provide a lump sum payout if you’re diagnosed with a critical illness and have less than 12 months to live. This does not apply, however, if that diagnosis of a critical illness occurs within the final year or year and a half prior to the end of the policy’s term.

There are a number of options available to you with these policies, as well. For example, you can have a joint insurance policy which will cover both you and your spouse. You can opt for the premium waver option, which will protect you in the event that you’re unable to work for up to six months after an accident or after becoming ill. AA Life Insurance will pay your premium costs if this happens.

All of the policies offered by AA Life Insurance are for a fixed term, and they do not build any cash value. Your coverage ends when your premium payment stops, and your premiums are constant throughout the duration of your policy.

We always recommend to shop around for the best deal as life insurance premiums can vary depending on your lifestyle and age. We compare the life insurance market to find you the best value deal, which is right for you. Get a quote today and discover your potential savings.