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What is life insurance?

Life insurance, sometimes known as life cover, is a type of policy that is all about making sure your loved ones are financially protected if you were no longer around. It can help minimise the financial impact that your death could have on your family and offer security to those that are closest to you.

Most life insurance policies pay out a cash sum to your loved ones if you die, helping them deal with everyday costs, such as household bills, childcare costs or mortgage payments.

You choose how much cover you would like, how long you need it for and whether the policy is on a joint or single name basis. Get a free quote now and protect your loved ones from uncertainty.

FREQUENTLY ASKED QUESTIONS

How does life insurance work?

Life insurance normally pays out a cash sum if you pass away or are diagnosed with a terminal illness (provided your life expectancy is less than 12 months) while covered by the policy. If you took a policy out for 30 years, as long as you maintain paying your premiums, your loved ones would receive a pay out if you died within that 30 year period.

Can I change my current life insurance policy?

Yes – we recommend that you regularly review your policy to make sure that it is right for you and your family’s needs.

Many of our customers take a out life insurance to cover a mortgage, and so it is likely that this commitment will increase at some point. We regularly speak to customers who have moved to a bigger property, where the amount they owe has gone up, or where they have remortgaged in order to release equity from their current home.

One of the most common reasons for changing a life insurance policy is due to changes to the size of your family. We often have customers who had taken a policy out when they bought their first home, and then needs amending when they have their first child – in addition to any subsequent children.

How do I get life insurance?

Speaking to a qualified life insurance advisor is the best way to take out life insurance. This ensures the application will be accurate and you will be recommended a cover that best suits your needs.

How much does life insurance cost?

It can be as cheap as £5 per month!

What affects the cost of life insurance?

The main factors are:

  • The amount of cover you need
  • The type of policy
  • The length of the policy
  • Your age
  • Your health
  • Your lifestyle
  • Your smoking status

Get a free quote and protect your loved ones in minutes

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