Compare Life Insurance

Are you interested in life insurance, but not entirely sure what you’re looking for? Allow our team of friendly, expert advisers to help. Just let us know a little bit about you and your individual requirements and our experts will do all the hard work for you. They will compare cover and prices from our hand picked selection of the market leading UK life insurance companies such as Aviva, Vitality and Zurich. Our service is completely free of charge and we are totally independent and impartial.

Let us take one more job off your list, so you can go back to enjoying life, with the reassurance that if anything were to happen to you, anyone who relies on you financially would be taken care of.

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97.6%

claims paid out in 2018

£2.9bln

worth of payouts supporting families

£81k

average claim for life insurance

1 in 20

under 16yr olds will lose a parent

All stats above are taken from the ABI website and Parsons.

What is Life Insurance?

Life insurance is a policy whereby the policyholder agrees to pay regular premiums for the policy and the insurer agrees to pay a predetermined lump sum, or ongoing payments, to the chosen beneficiaries in the event of the policyholder’s death. The amount they receive depends on the level of cover you decide on and can be directed to cover specific things, such as the mortgage.

Who needs Life Insurance?

Life insurance is designed to offer the reassurance that your loved ones will be provided for, if you’re not there to provide for them. Therefore it is really important for anyone who has individuals who rely on them financially, for example parents, homeowners and business owners. The payout for life insurance can be used to pay off the mortgage and any other debts, replace your income for anyone who relies on it and even provide funding for your children’s higher education.

How does Life Insurance Work?

Policies are available from the age of 18 to 80 and start from as little as £5 per month; premiums are based on things like your age, health and lifestyle and offer a variety of options, for example including income protection or critical illness cover as well. Our unparalleled team of friendly, expert advisers are on the end of the phone, ready to guide you easily through the whole process. They will get to know your unique individual requirements, do all the hard work comparing prices and policies for you; then advise on the best and most cost-effective quote.

To find out more, click the button below, fill out our quick form and one of our friendly, expert advisers will be in touch to take you seamlessly through the process.

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Income Protection

Income protection is a policy designed to come into play if you become ill or injured and subsequently could not work and provide for yourself and your family. Yourself and any dependants would have a monthly payout to rely on, usually around 50-70% of your regular earnings until you can return to work or retire. Income protection can be an addition to a life insurance policy, or taken out independently.

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Critical Illness

A critical illness can affect anyone at any time and wreak havoc on your world. Critical illness cover offers a lump sum payout on diagnosis of any of the specified critical illnesses covered by the policy. It takes away the financial stress at an otherwise upsetting time, if you are unable to work and therefore support yourself or your dependants.

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Life Insurance Frequently Asked Questions

What happens if I out-live my Term Life Insurance policy?

A Term Life Insurance policy does not provide a cash sum if you are still alive at the end of the term. Premiums tend to be lower for such policies as the majority will out-live their policy. Term Life Insurance policies are generally taken out by people who do not want to leave any financial burden on their family such as mortgage payments.

What is the difference between Over 50’s and Whole of Life Cover?

Both policies will pay out a lump sum upon your death at any age. Generally speaking, Whole of Life cover tends to have cheaper premiums over an Over 50’s plan as you have to disclose your medical information. The most cost effective option for you depends on whether you would benefit from your medical history being disclosed or not. Although the premiums of a Whole of Life policy tend to be lower, you will pay the premium until you pass away, whereas Over 50s plans often have an upper age limit. While your cover will remain, you are no longer required to make payments - usually when you reach 90 years old or the 30th anniversary of your policy.

Can I add Critical illness to my Life Insurance?

Yes, should you suffer a serious illness Critical Illness cover will pay out a tax-free sum. This can be an add on to your Life Insurance policy or bought separately. Speak to one of our expert advisors to find out which policy would best suit your needs.

Who gets the money if my children are young when I die?

Setting up a Life Insurance policy is designed to protect loved ones and writing the policy into trust goes a step further in achieving this goal. This enables you to select who would hold the money for your children until they reach a certain age should you die. This will often be a partner, sibling or close friend as they will have a legal responsibility to carry out the wishes of the person creating the trust.

 

Will my cover cost more as a smoker?

Life Insurance is a risk-based product and so with the significant health impacts that smoking can have on a person, the insurance companies will charge someone a higher premium should they smoke. A smoker is usually defined as someone who has used any nicotine product in the last 12 months although some insurance companies have changed this to longer periods. If you took a policy while smoking and you no longer smoke, you should contact us to review your policy.

Will my cover cost more if I vape?

Vaping is a recent trend which insurance companies and health bodies have had to educate themselves on. The vast majority of e-cigarettes still contain a level of nicotine which can be addictive and so anyone who uses such products will still be classed as a smoker.

Is my premium fixed?

Most people tend to like the idea of their premium never changing as it provides stability and peace of mind – these are known as guaranteed premiums. Reviewable premiums are sometimes opted for whereby the premium can start at a lower amount but increase over of the course of the policy.

Will my Life Insurance payout be taxable?

No, your insurance payout will not be liable for tax.