Beagle Street Life Insurance

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Beagle Street Life Insurance, a reputable insurance provider offering comprehensive coverage options to safeguard your family's financial future. Who is Beagle Street? Beagle Street is a well-established life insurance provider in the United Kingdom, dedicated to offering reliable and affordable protection to families. With a strong reputation for exceptional customer service and a commitment to making life insurance accessible to everyone, Beagle Street has become a trusted choice for many individuals seeking financial security.

Who are Beagle Street Life Insurance?

Beagle Street Insurance, also known as Beagle Street Life Insurance, is a UK-based life insurance provider with a history that dates back to 2012. While the company's history is relatively short compared to some other insurance providers, Beagle Street has quickly established itself as a prominent player in the life insurance industry. Here's a brief overview of the history of Beagle Street Insurance:

Beagle Street Insurance was founded in 2012 by the BGL Group, a leading digital distributor of insurance and household financial services. The BGL Group is also known for other well-known insurance brands such as Budget Insurance and Compare The Market.

Online-First Approach: From its inception, Beagle Street adopted an online-first approach to offer life insurance. The company aimed to simplify the process of obtaining life cover by providing an easy-to-use online platform for customers to apply for policies without the need for lengthy paperwork or face-to-face meetings, however they are not 100% online because if you make a life insurance enquiry through FreePriceCompare.com then a qualified life insurance advisor will discuss your options and will look at a panel of suppliers, of which Beagle Street are one of the suppliers compared.

Beagle Street's customer-centric approach, competitive premiums, and commitment to transparency quickly gained popularity among individuals seeking life insurance coverage. The company's focus on providing straightforward life insurance policies resonated with customers looking for reliable financial protection for their families.

In 2016, Beagle Street was acquired by Scottish Friendly Assurance Society Limited, a reputable financial institution and one of the largest mutual life and investments providers in the UK. Scottish Friendly's acquisition further strengthened Beagle Street's position in the life insurance market and ensured policyholders were supported by a financially stable organisation.

Over the years, Beagle Street has continued to grow its customer base and reputation for excellent customer service. The company has remained committed to offering affordable life insurance options tailored to individual needs and ensuring a seamless online experience for its customers.

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How Does Beagle Street Life Insurance Work?

Beagle Street's life insurance works by providing financial protection to your loved ones in the event of your passing. You choose a coverage amount and policy term that aligns with your needs and budget. If you pass away during the policy term, Beagle Street will pay out a tax-free lump sum, known as the death benefit, to your designated beneficiaries.

Who Underwrites Beagle Street Insurance?

Beagle Street life insurance is underwritten by Scottish Friendly Assurance Society Limited, a reputable financial institution with a strong track record in the insurance industry. Scottish Friendly's underwriting ensures that your policy is supported by a financially stable and reliable organisation.

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Life insurance monthly premium based on following ages for Beagle Street life insurance policy

Age£50K Cover£100K Cover£200K Cover£500K Cover
253.283.775.3213.24
303.324.016.5416.26
353.85.319.0822.54
404.517.3213.5132.84
456.2310.9520.9651.67
509.6617.2633.79-
6022.79---

Prices are based on a non smoking male, in good health, drinking 16 units of alcohol a week and living in TW7 4EY with no family history of illness or disease. Prices correct as of 7th August 2023

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What cover does Beagle Street offer

Beagle Street offers various coverage options tailored to suit individual needs. These options include:

Term Life Insurance

Coverage for a specified term, typically ranging from 5 to 40 years and provides protection for your family during repayment periods of significant financial responsibilities, such as mortgage payments or raising children. If the policyholder passes away during the policy term, the chosen beneficiaries will receive a tax-free lump sum, known as the death benefit. Term life insurance is often selected to cover temporary financial obligations, such as mortgage payments or providing financial support for dependents until they become self-sufficient.

Key Features of Beagle Street Term Life Insurance:

  1. Flexible Policy Terms: Beagle Street offers a range of policy terms for term life insurance, typically ranging from 5 to 40 years. Policyholders can select the term that aligns with their specific financial needs and goals.
  2. Fixed Premiums: The premiums for Beagle Street Term Life Insurance remain fixed throughout the policy term. Policyholders pay a consistent premium amount for the duration of the policy.
  3. Lump Sum Payout: In the unfortunate event of the policyholder's passing during the term, Beagle Street pays out the agreed-upon death benefit to the beneficiaries. This lump sum can be used to support the family's financial needs, pay off debts, cover mortgage payments, or secure their future.
  4. Online Application: Beagle Street emphasises simplicity and convenience. Policyholders can apply for term life insurance online, avoiding the need for lengthy paperwork or face-to-face meetings.
  5. Optional Critical Illness Cover: While term life insurance primarily covers death, Beagle Street offers an optional Critical Illness Cover (CIC) that can be added to the policy. CIC provides a lump sum payout if the policyholder is diagnosed with a covered critical illness during the policy term, offering additional financial protection during challenging times.
  6. Underwritten by Scottish Friendly: Beagle Street Term Life Insurance is underwritten by Scottish Friendly Assurance Society Limited, a well-established financial institution with a strong track record in the insurance industry.
  7. Affordable and Accessible: Beagle Street strives to offer affordable term life insurance options to make life cover accessible to a broad range of individuals and families.
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Whole of Life

Whole of Life Insurance: Lifelong coverage with a guaranteed payout to beneficiaries, making it suitable for estate planning and inheritance protection. whole of life insurance offers lifelong coverage, ensuring that the policy remains in force throughout the policyholder's life. As long as the premiums are paid, the policy provides a guaranteed payout to the beneficiaries upon the policyholder's passing. Whole of life insurance is commonly used for estate planning purposes, providing funds to cover inheritance tax or leaving a legacy for loved ones.

Key Features of Beagle Street Whole of Life Coverage:

  1. Lifelong Protection: Beagle Street Whole of Life Coverage provides permanent life insurance, ensuring that the policyholder is covered for their entire life. This coverage offers peace of mind in knowing that their loved ones will receive financial support after their passing.
  2. Guaranteed Payout: As long as the policy is active and the premiums are up to date, Beagle Street guarantees a payout upon the policyholder's death. This payout can be used to cover funeral expenses, pay off debts, or provide financial support to beneficiaries.
  3. Fixed Premiums: The premiums for Beagle Street Whole of Life Coverage are typically fixed, meaning they remain consistent throughout the policyholder's life. Fixed premiums allow for better financial planning and prevent premium increases as the policyholder gets older.
  4. Online Application: Similar to other Beagle Street life insurance products, Whole of Life Coverage can be applied for online, making the process simple and convenient.
  5. Underwritten by Scottish Friendly: Beagle Street's Whole of Life Coverage is underwritten by Scottish Friendly Assurance Society Limited, a reputable financial institution with a strong history in the insurance industry.
  6. Estate Planning: Whole of Life Coverage is often used for estate planning purposes, ensuring that there is a financial legacy left behind for loved ones or to cover inheritance tax liabilities.
  7. Flexibility: Beagle Street's Whole of Life Coverage may offer flexibility in terms of premium payment options, allowing policyholders to choose a payment plan that best suits their financial situation.
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Critical Illness Cover

Critical illness cover (CIC): An optional benefit that pays out a lump sum if you are diagnosed with a covered critical illness during the policy term. Critical Illness Cover is an optional benefit that can be added to a life insurance policy. If the policyholder is diagnosed with a covered critical illness during the policy term, the CIC pays out a tax-free lump sum. This payout can be used to cover medical expenses, specialised treatments, or other financial needs during the challenging period of illness.

Key Features of Beagle Street Critical Illness Cover:

  1. Coverage for Critical Illnesses: Beagle Street's CIC covers a range of critical illnesses as specified in the policy terms. Common covered illnesses may include cancer, heart attack, stroke, multiple sclerosis, and organ failure, among others. The policy document will outline the full list of covered illnesses.
  2. Tax-Free Lump Sum Payout: If the policyholder is diagnosed with a critical illness covered by the policy, a lump sum payout is provided. This payout can be used at the policyholder's discretion, such as covering medical expenses, adapting living arrangements, or taking time off work for recovery.
  3. Complementary to Life Insurance: Critical Illness Cover complements life insurance by providing additional protection in case of severe illnesses. While life insurance pays out upon the policyholder's death, CIC addresses the financial challenges associated with surviving a critical illness.
  4. Online Application: As with other Beagle Street insurance products, the application process for Critical Illness Cover can be completed online, ensuring a hassle-free experience for policyholders.
  5. Underwritten by Scottish Friendly: Beagle Street's Critical Illness Cover is underwritten by Scottish Friendly Assurance Society Limited, a respected financial institution known for its insurance expertise.
  6. Policy Terms and Conditions: It's essential for policyholders to carefully review the terms and conditions of the CIC policy. This includes understanding any waiting periods, exclusions, and limitations that may apply to specific critical illnesses.
  7. Flexibility: Policyholders have the flexibility to choose the level of Critical Illness Cover that aligns with their individual needs and financial situation.

What additional incentives do Beagle Street offer

Beagle Street may not have specific incentives, they focus on providing straightforward and affordable life insurance policies with various coverage options. Their commitment to offering competitive premiums, easy online application processes, and reliable customer service can be considered beneficial incentives for potential policyholders.

Summary

Beagle Street Life Insurance offers a reliable and flexible solution to protect your loved ones financially. Understanding who Beagle Street is, how their life insurance works, their underwriter, coverage options, CIC conditions, and the critical illnesses they cover is essential for making an informed decision about your financial protection. Consider reaching out to Beagle Street for personalised advice tailored to your unique needs. With Beagle Street, you can gain the peace of mind knowing that your family's financial future is secured.

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4000+ reviews