Life insurance

Want to make sure your family is looked after if the worst was to happen?

We can help you have peace of mind.

What is life insurance?

Life insurance is a type of policy that provides your loved ones with a cash pay out if you pass away during the policy term.

There are different types available to meet varying needs and the cost of each policy will depend on your individual circumstances.

Making a claim is a simple process, and the payout can be used by your loved ones to help clear a mortgage, pay bills and cover living costs.

Want to find out more?

If you would like to know the costings for a life insurance policy or would like to talk to us about the type of cover you need, contact us. With mortgage and protection advisers nationwide, you are never too far from insurance help.

Why get life insurance?

Life insurance is designed to protect the financial future of your family.

If you were to pass away unexpectedly, could your loved ones afford to:

  • Keep up to date with mortgage or rent payments?
  • Cover bills & everyday family living costs?
  • Pay for additional childcare or take time off work to care for children?
  • Pay for your funeral?

It could be a good idea to get life insurance cover if:

  • You have an outstanding mortgage or other unpaid debts
  • You have dependents, such as a partner and/or children, who rely on your income to cover financial commitments
  • You don’t have death in service benefit through your employer, or the death in service benefit you’re entitled to isn’t sufficient for your needs
  • You want to leave an inheritance for your children or grandchildren
  • You want to contribute towards your funeral costs for peace of mind

Having a life insurance policy in place can give you reassurance, knowing that your family will be financially secure even if you were no longer around.

How does life insurance work?

Life insurance mostly works like this:

  1. Choose a policy. Select the type of life insurance that best suits your needs, choose how long you want to be covered for and the amount of cover.
  2. Apply. This involves answering some questions about your health and lifestyle. Your personal circumstances will affect the cost of your life insurance.
  3. Pay your premiums. Once your policy is in place, you’ll pay your monthly life insurance premiums for the duration of the policy term. If you stop paying, your cover will also stop.
  4. Make a claim. If you pass away during the policy term, your loved ones can make a claim and receive a cash lump sum payment to help them manage financially.

The type of life insurance you choose and how much cover you secure will determine the amount paid to your loved ones. For example, a level term policy will provide a fixed cover amount, whereas a decreasing term policy will provide a decreasing cover amount.

What type of life insurance do you need?

The type of life insurance you need will depend on your personal and financial circumstances, as well as your budget.

Level term life insurance

  • Level term life insurance is one of the most popular policy types and offers a cover amount that remains the same throughout the policy term.
  • It’s often taken out to help protect an interest-only mortgage and family living costs.
  • Pays out a fixed lump sum if you pass away during the policy term
  • Sum assured up to £1,000,000
  • Term length up to 40 years
  • Available to applicants aged 18 – 86
  • Free terminal illness cover

Decreasing term life insurance

Decreasing term life insurance is usually one of the cheapest policy types and offers a cover amount that decreases throughout the policy term. It’s often taken out to help protect a repayment mortgage or other debts that reduce over time.

  • It pays out a decreasing lump sum if you pass away during the policy term
  • Sum assured up to £1,000,000
  • Term length up to 40 years
  • Available to applicants aged 18 – 86
  • It often includes a free terminal illness cover

Life insurance with critical illness cover

If taking out term-based life insurance, you could add critical illness cover for an extra cost. This can provide financial security if you become critically ill during a set term and are unable to earn an income.

  • Critical illness cover pays out a cash lump sum if you pass away or suffer from a critical illness (listed in your policy) during the policy term
  • It covers up to 30 illnesses including heart attack, stroke and cancer
  • Term length up to 40 years
  • It is available to applicants aged 18 – 75

Whole of life insurance

Whole of Life Insurance covers you for the rest of your life and guarantees to pay out no matter when you pass away.

It’s often taken out by those in later life to help cover funeral costs or to provide an inheritance for loved ones.

  • Lifelong cover
  • Guarantees to pay out when you pass away
  • Sum assured up to £1,000,000
  • Available to applicants aged 18 – 84

Free terminal illness cover

This means if you’re diagnosed with a terminal illness and predicted to pass away within 12 months, you can make an early claim on your policy.

The funds could help you get your affairs in order, fund private medical treatment or however you see fit.

How much life insurance do I need?

How much life insurance you need can be calculated by adding up all your current financial commitments, such as mortgage, bills, and childcare, as well as extra costs such as funeral expenses.

Life insurance could also provide an inheritance for loved ones, which you could factor in when deciding how much cover you need.

Contact us for a personalised estimate of your ideal cover amount.

Because we play by the book we want to tell you that…

For insurance business we offer products from a choice of insurers.

Frequently asked questions

Why do I need a life insurance policy?

What does life insurance cover and doesn’t cover?

How much is life insurance?

Are there any other types of life insurance?

Do I have to have life insurance to get a mortgage?

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