This is the ultimate review to guide you through the ins and outs of More Than life insurance. You might already know that More Than has several different contract options.
Some are great. Some are less useful. Some are simply too expensive.
So, if you want to get better value for money from your insurance contract, as well as indicative quotes and tips to lower your insurance premium, then you’ll probably love the following article.
Let’s dive right in!
Table of Contents
Is More Than the best life insurance for you?
When taking out life insurance, there are so many things to think about. Life insurance is one of the most important insurance plans to have, as it is the best way to protect your loved ones if something happens to you.
More Than life insurance has a lot to offer. Here are the main points that you should look at before taking out life insurance with More Than.
3 Safe overall rating for More Than
|Rating Criteria||Safe Rating||Our Review|
|Customer service satisfaction, claims and support|
4.3 rating on Defaqto
Level term and decreasing cover are provided
|Value for money|
No mention of discounts or gift cards on the website
More Than is part of the RSA Group
|Apps and technologies|
Quotes can be gotten online
Expert and customer satisfaction reviews for More Than
|Review organisation||Consumer satisfaction rates for More Than Life insurance|
|Trustpilot||4.3/5 based on 10 410 reviews|
More Than insurance in a nutshell
In summary, here are the main features you need to know when taking out life insurance with More Than.
|Criteria||More Than details|
|Minimum age||Not stated|
|Maximum age||Not stated|
|Life insurance with free gifts||Not stated|
|Terminal illness||Not stated|
What are More Than life insurance policy types?
When choosing life insurance, you have to make a lot of important decisions. You have to choose between different policy types to find which one would best cover your needs. As the first big choice, you have to choose between:
- Term life insurance. Term insurance splits into two types: level term or decreasing insurance. If you choose a term insurance, once again you would have to choose between these two. Sometimes, there is an increasing term insurance option.
- Whole of life insurance. This insurance will pay out when the policyholders die. Not all insurers offer this type of coverage.
What is More Than term life insurance?
There are two term life insurance options:
- Level cover guarantees that your loved ones get a payment if you die during a specific period of time. You will receive the same amount during a fixed period. Life insurance can be for 5,10, 20 years, etc., depending on your needs.
- Decreasing cover guarantees that your loved ones get a payment if you die during a specific period of time. The amount decreases over the policy term. It is really useful if you have a loan, as the price tends to decline over time. You can choose an increasing cover as well.
|Criteria||More Than life insurance|
|Minimum term||Not stated|
|Maximum term||Not stated|
|Minimum monthly premium||£3.64|
|Extras or any interesting facts|
Should you take level or decreasing term life insurance?
More Than offers two types of term life insurance: one is level life insurance, the other one is decreasing life insurance.
|More Than term life insurance (level)|
|More Than decreasing term life insurance, also known as life insurance for mortgage|
Some providers also propose increasing life insurance, which is a similar concept as decreasing life insurance, but with the premiums getting higher rather than lower.
Can you take out More Than life insurance plan with someone else?
Yes, you can either have a single or a joint policy at More Than.
Taking out a joint policy covers two people that are together under the same policy. In the end, it is cheaper than two single policies. It covers both of your contributions to the family. It only pays out once, and the sum will be given to the other partner if one dies. It leaves the surviving member of the couple without life insurance after the death of the first partner.
Taking out a single policy pays for one person only. It pays out the amount chosen. Taking out two policies is more expensive, but you can choose the level you want, and it’s beneficial if the two partners don’t need to be insured at the same level.
What are More Than life insurance extras?
You can add these extras at additional cost to your More Than life insurance:
It is possible to get a life insurance quote online
|Discounts if you choose other More Than insurance product|
15% off additional selected policies: car, travel, home.
Should you take out More Than life insurance critical illness cover?
What is critical illness cover?
It is an extra that can be added to your policy, or can be combined with your standard life insurance. It pays out if you contract a disease. The illness developed must be specified in your policy contract. The most common illnesses covered are cancer and heart attacks, etc. If you become really ill, your insurance will pay out exactly as if you’ve passed away.
Is More Than the best critical illness cover?
Here are the main features when you take out More Than life insurance with serious illness:
|Criteria||Overall life insurance and critical illness cover|
-The cover is stopped after a critical illness claim has been paid
|What should you know about More Than critical illness cover?|
How much is More Than life insurance?
The big question is knowing how much life insurance you’ll need. Your answer to this question (as well as your age) will mainly determine the price of your life insurance:
However, your life insurance price will also depend on several factors:
- Your medical conditions
- Whether or not you are a smoker
- Which add-ons you add to your life insurance
- Your salary
- The coverage you want
- Whether you take out a joint policy or not
So you must ask yourself the relevant questions for your own situation, for example: Do you have a loan? Do you have savings? Do you have debts? Do you have a family? Does your job offer protection?
How to contact More Than life insurance?
Here are all the important phone numbers for contacting More Than life insurance:
|Service||Phone Numbers||Opening Hours|
|Get a quote at More Than||0800 587 2653||Monday to Friday 9am to 5pm|
|How to claim at More Than||01243 819201||Monday to Friday 9am to 5pm|
|How to cancel at More Than|
What are More Than general contact details?
You will find in this table all the general contacts that you would need if you want to reach More Than life insurance:
More Than Insurance
Facebook, Twitter, YouTube
How to claim at More Than life insurance?
You will find on this table the different possibilities for reporting a claim on your More Than life insurance:
|How to claim on your life insurance at More Than?|
|When to claim?|
Claims should be made as soon as possible.
|Claim by mail|
More Than Customer Relations Team
|Claim by email||A mail form is available on the website on [this link](https://www.morethan.com/contact-us/life/)|
|Claim by phone||01243 819201|
How to cancel my More Than life insurance?
You will find on this table the different ways to cancel your More Than life insurance:
|How to cancel your life insurance at More Than|
|Cancel by mail|
More Than Customer Relations Team
|Cancel by email|
A mail form is available on the website on this link
|Cancel online||Not Available|
|Cancel by phone|
How do I get More Than life insurance quotes?
Here are the different ways to get a life insurance quote at More Than:
|How to get a life insurance quote at More Than|
Quotes can be gotten online via online forms. Click on the contact option for life insurance and the "Start my quote online" button
|Quote phone||0800 587 2653|
How do I log into More Than life insurance?
There is no Login option available however there is an "Existing customer"option on the website’s homepage.
Do we recommend More Than life insurance?
MORE THAN was launched in June 2001 with the aim to bring a new, modern perspective to insurance and offer affordable services to potential policyholders. Level term and decreasing cover are offered as well as Critical illness cover with a provision for children. More than has a 4.3 rating on Defaqto and this would attest to their reliability in terms of customer service. For the life insurance however, little or no information is provided on the website and as such, no concrete decisions as relating to recommendations can be taken. A potential policyholder can call their customer care line for more details concerning this service.
Life insurance is a contract between an insurance company and the policyholder. In exchange for an annual or monthly premium, the insurance company agrees to give out to a designated beneficiary a lump sum if the policyholder were to pass away.
Like with other types of insurance, it is a standard procedure: the policyholder pays a premium to a provider, with an agreed level of cover.
Yes, it is worth getting life insurance when people depend on you financially, like your family.
Lots of life insurance providers offer free gifts:
– Royal London
– Legal & General
– Shepherds Friendly
– British Seniors Insurance Agency
How much life insurance in the UK is depends on a lot of factors. However, with our data, we calculate that the average monthly cost of life insurance is £15. Of course, the price will depend on whether you take out joint or single life insurance, and the term of your insurance if you are not taking out a whole life insurance policy.
There are lot of life insurance policy that have interesting features. Depending on these features, you can decide if this life insurance suits you.
To find what is the best life insurance for you, use our tool to compare prices and offers from all the insurers on the market instantly.