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What is life insurance?
This pays out a tax-free lump sum to you or your family if you become terminally ill or die. For lifetime cover, and a guaranteed payout, there’s whole of life insurance. For cover between five and 70 years, there’s term life insurance.
Life insurance helps your family with their finances if you die within the policy term. Your family will get a tax-free payout, giving you peace of mind that they’re looked after. Most people buy life insurance when they’re having a baby, buying a house, marrying their partner, or nearing retirement.
If you’re buying a home, it’s also a good idea to think about life insurance to cover your mortgage, too. If you die before you’ve paid off your mortgage, then your family don’t need to worry about the monthly repayments.
New to life insurance?
Our expert team of financial advisers can help. Get the best life insurance to suit your needs
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Protect your family's financial security for the future
If you became terminally ill, or you passed away, a life insurance payout would help your family’s finances. They could use the money to pay off debts, like the rest of your mortgage and continue the life you had wished to always provide.
Life Insurance - FAQ's
For many people, life insurance is an excellent way to protect the things that matter the most – such as making sure your family’s financial future is more secure if something unexpected happens to you. It can also help to protect financially against critical illnesses, the loss of income if you get ill, or to ensure your mortgage repayments are covered if anything were to happen.
Your premiums are based on lots of things, such as your age, height and weight; your health; whether you’re employed in a high-risk occupation; and whether you smoke. Cover can start from just £8 per month but can change depending on such things as the amount of cover you need, the amount of time you want to be covered for, any pre-existing medical conditions etc.
We offer Critical Illness Cover and Serious Illness cover. Critical Illness Cover pays you out for less severe conditions as well as critical ones. Serious Illness Cover, which is different, as it pays out a percentage of your cover amount based on the severity of your condition and covers a wider range of illnesses - not just the debilitating or life-threatening ones covered by typical critical illness policies.
Speak to our qualified advisers who will provide you further information and advise which product could be best for you – Call us on 0808 169 1090
Yes. If your circumstances change you can increase your cover or buy extra policies. You can also choose to add indexation to your plan at no extra cost. Indexation protects you against rises in the cost of living, making sure you always keep the level of cover you need and increases your cover each year without the need to go back through our application process. You can also choose to opt out of any future increases.
We will assess your application fully and provide you the best qualified advice on the amount of cover and the term, however it is entirely up to you. We offer terms up to all ages and whole of life with no maximum age. Most people will align their length of time with when they expect their mortgage to be paid off and children are settled, then continue to reassess their protection needs as their life circumstances change.
Not necessarily, but you must tell us about any medical conditions as part of your application. If you don’t suffer from any conditions you may not need to have a medical.
This will vary depending on your personal circumstances. Have a think about:
- How much is left to pay on your mortgage
- How much other debt you have to pay
- How much you would need to pay towards childcare or education
- How much your loved ones would need to maintain their lifestyle
- How much you may need if you get a critical illness
- How much you can afford
For qualified advice with a tailor made package to meet your requirements our expert team can offer free no-obligation advice over the phone on 0808 169 1090
This is used to determine the structure of your plan and the value that it’s worth over time. The monthly premiums you pay may change depending on this.
Level cover means that the value of your plan stays the same over time. It will only change if something happens such as you make a claim or change your cover.
Indexed cover means that the value of your plan will increase each year to align with inflation and rises to the cost of living.
Decreasing cover means that the value of your plan decreases over time. This may align with decreases to your mortgage over the mortgage term.