Life Insurance

Protecting Your Loved Ones, Securing Their Future.

With life insurance, you can ensure that your loved ones are taken care of, even when you’re not there. Peace of mind, knowing their future is protected.

This is something every parent, partner, or someone with dependants should consider. If anyone relies on your income and would struggle without you around, life insurance can be a way to ensure they have a financial lifeline when you're gone.

- Martin Lewis, Money Saving Expert

life insurance

What is life insurance?

Life insurance is designed to provide financial support to those you leave behind. You pay a monthly premium to your insurer, and if you die during the policy term, your beneficiaries will get either a tax-free lump sum, or regular monthly payments.

Types of Life Insurance

Level Term

From £5

Per Month

The simplest type of life insurance. You determine the amount you'd want it to pay out and you choose how long you want the cover to last . The cover will remain fixed at the same amount for the duration of the policy. Like all other policies monthly costs tend to be more expensive the older you get.

Decreasing-term

From £5

per month

Known as 'mortgage life insurance', decreasing-term life insurance is designed to cover your mortgage if you were to die during the term. The amount that would be paid out if you were to die decreases in line with your mortgage balance. It's often a cheaper option that level-term.

Over-50s'

From £10

-£80 per month

Aimed at the older adults who may who may struggle to afford a traditional policy Your monthly payments are based on a number of factors, including your age and health. Most companies guarantee acceptance up to age 80 or 85, even if you have a medical condition. This cover can be expensive.

Family income benefit

From £5

Per Month

This provides a monthly tax-free payment for the length of the policy term. E.g. if you died 5 years into a 10 year policy, your dependents would receive monthly payments for the remaining 5 years. With this, the longer you live, the less the insurer has to pay out, so policies tend to be cheaper.

Whole-of-life

From £8

- £120 per month

Like level-term but this type of cover runs until you die. These are often used to mitigate inheritance tax for family members as the payout amount should cover the inheritance tax bill. They are usually expensive and you could still be paying for this policy even once your mortgage has been paid off.

Joint life insurance

From £15

per month

Level-term and decreasing-term life insurance can cover you and your partner under one policy. It is often cheaper than taking out two policies, however it generally only provides one payout. This policy is usually best if your partner is your only dependant, and you have no children.

How much does Life Insurance cost?

There are many different types of life insurance which have different costs. It’s worth talking to one of our expert advisors to work out which type is best for your situation and budget. Above are some average starting prices but insurers will give you a personalised quote, based on the information you provide about yourself (and any other named policyholders if it’s a joint policy). This will generally include your age, the cover amount, how long you want the cover for, your medical conditions and health status, and if you want any other products.

As with all insurance policies, conditions and exclusions will apply.

Life Insurance

We can find the best policy for your family's financial security.

Our experts can advise you on the best product for your requirements and get you the best price.

Life Insurance

Protecting Your Loved Ones, Securing Their Future.

life insurance

What is life insurance?

Types of Life Insurance

How much does Life Insurance cost?

Life Insurance

We can find the best policy for your family's financial security.

Unsure of what to do next

Want to know more about your options?

Life Insurance

Protecting Your Loved Ones, Securing Their Future.

life insurance

What is life insurance?

Types of Life Insurance

How much does Life Insurance cost?

Life Insurance

We can find the best policy for your family's financial security.

Unsure of what to do next

Want to know more about your options?

Assumptions