Review of Beagle Street Life Insurance
Beagle Street Life Insurance is a company dedicated to selling life insurance. Their security is backed by the Scottish Friendly Assurance Society. They are part of the BGL Group, which provides insurance to over 7 million UK customers. FSCS (Financial Services Compensation Scheme) protects Beagle Street insurance policies and their policyholders.
- No medical or blood test required
- Free Will writing
- 99.7% payout in 2016
- Ability to place payout into a Trust
- Critical Illness and Terminal Illness covers
- Online Account Access
- Child Critical Illness Option
- 60 Second Quote
- 10 Minute Online Application
- Cover caps at £750,000
- Only offer Level and Decreasing Term policies
- No Whole of Life policy options
- Not all Critical Illnesses are covered.
About Beagle Street
Beagle life insurance offers two Term policy options to their customers: Level and Decreasing Term. Their website boasts of having an affordable and straightforward cover that paid 99.7 percent of claims in 2016.
Beagle street insurance cover is available to residents of the UK ages 18-64, with covers from £40,000 to £750,000 at a premium level as low as £7 per month. No medical required and you can get a quote in 60 seconds and have cover in as quick as 10 minutes.
Insurance Options: Our Honest Breakdown
Beagle Street Life Insurance offers two levels of Term insurance: Level Term and Decreasing Term, which is also known as Mortgage Term. Both have fixed premiums. They offer financial protection in the event of death. All policies have an added Terminal Illness cover free of charge. This benefit will pay out if you are diagnosed with a terminal illness when life expectancy is less than 12 months. (This feature will not pay out in the final 12 months of policy).
Beagle Street Life Insurance offers Level Term Insurance. Level Term is ideal to assist with funeral costs and help with fixed costs such as family lifestyle and incurred debts.
Premiums are fixed from the policy onset and will not change for the life of the policy. Cover amounts on a Level term are fixed as well. The policy covers 18 – 64 years of age. Cover amounts available from £40,000 up to £750,000 depending on the age of the applicant.
Beagle Life Insurance - Decreasing Term
Decreasing Term differs from Level Term in that the policy coverage amount is larger at the beginning of the policy, but decreases over time. The decrease in cover follows closely the decrease in mortgage amount owed. This is why Decreasing Term is often referred to as Mortgage Term.
Premiums are fixed at the onset of the policy so the policy owner knows what they will pay for the life of the policy. Since premiums decrease, this is often a less expensive form of Term Insurance and ideal if mortgage protection is a priority with your cover.
Critical Illness Cover
Beagle Street Life Insurance Critical Illness Cover can be added to your policy for an added charge. It can only be added to a Beagle life insurance policy and cannot be purchased as a stand-alone.
When diagnosed with a critical illness your policy will pay out the policy amount directly to you at any time during the policy life. The lump sum payout can be used as you wish. You could use it to help with the costs of your medical treatment or in helping your surviving relatives remain debt free.
Most critical illnesses are covered by Beagle street insurance, but a few are not, refer to the policy guidelines to see which are not covered under the policy.
Beagle Street Life Insurance also offers Child Critical Illness Cover. Just like the regular Critical Illness Cover, it needs to be added at the time you purchase your policy. It will cover all your children that you have and will have in the future, but will only pay out once.
Beagle Street Life Insurance - Conclusion
While Beagle Life Insurance only offers two types of policies to its customers, the fact they are a dedicated life insurance company assures their policyholders that they will not be distracted by other company ventures when needing to file a claim. They actively search Online Records so they can discover earlier if you or a loved one are in need of filing a claim.
As with most insurance the younger you are when you purchase the policy the less expensive your premium will be. Beagle Street Life Insurance offers policies as low as £3 per month for £100,000 of cover. The advantage of purchasing a policy at a younger age is that with fixed premiums, your payment will not increase over the policy lifetime, even if you develop health problems.
Why wait? Click here to receive your free life insurance quote now.
Beagle Street Life Insurance policies were reviewed to answer all of your questions. If you found it interesting and informative, click the link below to get a free instant quote!