Life Insurance will typically pay out a lump sum if you die or are diagnosed with a terminal illness. The money can then be used to replace lost income, pay off a mortgage or cover funeral expenses.  For Business Protection, the money can be used for recruitment and salary costs, replace lost profits or paying company sick pay

Not everyone needs Life Insurance but if your partner, children or a relative relies on your income to cover your mortgage, rent or living expenses then you probably want to look into it. Similarly if you are relied upon to look after your children then you may need it too as if you’re not around it could increase childcare costs or result in your partner working and earning less. These policies are usually known as Family Protection or Mortgage Protection Life Insurance.  Life Insurance is often commonly taken out for Business Protection purposes. Other people don’t want to leave their loved ones with unexpected bills should they pass away and take out protection to cover funeral expenses.

Level Term  Life Insurance : This policy will pay out a fixed lump sum if you die during the policy term. If you do not die during the policy term then the policy will cease and you will not get anything back. Decreasing Term Life Insurance : Also know as Mortgage Protection Life Insurance, this policy is designed to decrease alongside the balance of your mortgage and as such is usually priced lower than Level Term Life Insurance as your benefit level decreases over the term in a similar way to how the balance of your mortgage would decrease. Whole of Life Insurance : People wanting to ensure their funeral costs are covered or need to protect a potential Inheritance Tax liability usually require a Whole of LifeInsurance policy. This protection covers you for the whole of your life meaning as long as you keep up your payments the policy will pay out in full when you die, whenever that occurs. As the pay-out is guaranteed a Whole of Life Insurance policy will usually be more expensive than term cover. Critical Illness Insurance : Can be added on to Level Term and Decreasing Term Life Insurance for an additional cost.  Critical Illness Insurance will pay a lump sum if you are diagnosed with a defined critical illness during the policy term.

In the unlikely event you find a cheaper life or critical illness insurance quote within 30 days then please contact us and we will endeavour to beat the price for you. We promise that you will not lose out financially within this time if you contact us and give us a genuine chance to retain your business. Proof of offer may be required and must be valid for 5 business days after the offer has been received by us to review. If there has been a change in your health or circumstances from date of offer that could impact policy acceptance then the Price Promise will not apply