When you’re looking for life insurance to protect your family’s financial future, it’s easy to feel overwhelmed by the sheer number of options available. That’s where Defaqto Star Ratings can help.
At Smart Insurance, our life insurance has been awarded a 5-Star Defaqto Rating, so you can be confident you’re choosing cover that’s been independently recognised for its features
In this handy guide, we’ll take you through everything from what a Defaqto Star Rating is to why it matters when choosing the right life insurance for you and your loved ones.
What is Defaqto?
Defaqto is an independent company that assesses and rates financial products, including life insurance, so consumers like you can make sense of them and make smarter choices.
They compare policies across the market based on things like benefits and flexibility and assign each one a star rating. This means you can quickly see which ones are the right fit for you and your family.
What Does a Defaqto Star Rating Mean?
Simply put, a Defaqto Star Rating shows the range and comprehensiveness of a policy. The ratings are only based on the level of features, coverage, and terms of the product.
Here’s how Defaqto explains their ratings:
- 1 star: A basic product offering only a few features and benefits
- 2 stars: A product offering fewer than average features and benefits
- 3 stars: A standard product providing an average level of features and benefits
- 4 stars: A product with a good level of features and benefits
- 5 stars: An excellent product with a comprehensive range of features and benefits
What Defaqto rating does Smart Insurance have?
Smart Insurance’s life insurance policies have been awarded a 5-Star Defaqto Rating. This means our cover has been independently reviewed and recognised for being reliable and full of extras designed to give you real peace of mind.
When you choose Smart Insurance, you’re not just picking any policy. You’re choosing one that’s been acknowledged for its range, giving you confidence that your family will be looked after when the time comes.
How Is the Defaqto Rating Calculated?
Defaqto looks at each life insurance policy on the market and scores it based on a variety of factors. They focus on what matters most to consumers like coverage limits, benefits, how comprehensive it is, and any optional perks on offer.
Then, they give each policy a star rating from 1 to 5 based on its overall range and features. The higher the rating, the more extras and flexibility the policy provides, giving you a clear, independent way to compare options and choose cover that meets your needs.
What if I’ve given up smoking since my application?
When you take out a policy with Smart Insurance, it’s flexible. That means that you can apply to make any changes to your policy, free of charge. So, if you have quit smoking, you can request to make a change to the cost of your premiums. You can make this request once it’s been 12 full months since you last used any nicotine products.
Why Should Defaqto Ratings Matter When Choosing Life Insurance?
Choosing a life insurance policy is a big decision. It’s a way you can help secure your family’s future if something happens to you. Defaqto Star Ratings are a simple way to see which policies best suit what you’re looking for.
You can trust their ratings as they are independent, objective, and data-driven. They also update their ratings annually so you can be sure that their reviews are accurate and relevant.
Making Life Insurance Simple
Defaqto Star Ratings give you a clear way to compare policies and see which ones offer the most comprehensive cover. By choosing a high-rated policy, like Smart Insurance’s 5-Star cover, you can rest assured that your loved ones will have some financial support when they need it most.
Take a look at our 5-Star life insurance policies and protect the life you’ve built, the Smart way.
