Life insurance is like a safety net for your family. If the person who has the insurance (like a parent) passes away, the insurance company gives money to the family. This money can help pay for things like the house, food, and general activities or bills. There are different kinds of life insurance, some last for a certain time, and others last for a lifetime. It helps make sure the family is taken care of, even if the family member who earns money isn’t around anymore.

If your partner, children, or a relative depend on your income to cover mortgage, rent, or living expenses, it’s worth considering life insurance. Likewise, if you’re responsible for caring for your children, life insurance can help cover increased childcare costs or lost income if you’re no longer around. These policies are often referred to as Family Protection or Mortgage Protection Life Insurance. As a parent, life insurance provides peace of mind, knowing that your kids will be financially protected should the worst happen.

And others simply don’t want to leave their loved ones with unexpected bills should they pass away and so take out life insurance to cover funeral expenses.

• Level Term  Life Insurance : Also know as Family Protection, this policy gives your family money if you pass away during a set period, eg 20 or 25 years.  The amount paid stays the same throughout the term. It’s a simple way to make sure your family gets financial help if something happens to you within the specific time that they would be financially dependent upon a parent or guardian.  As the policy is over a set term, this is significantly cheaper than a whole of life policy.

• Decreasing Term Life Insurance : Also know as Mortgage Protection Life Insurance, this policy is designed to decrease alongside the balance of your mortgage.   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.  In short, if you pass away this policy is designed to pay off the mortgage so your loved ones can continue to live in their house.

• 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 significantly more expensive than term cover.

• Critical Illness Insurance : Critical Illness Cover is a type of insurance that gives you money if you’re diagnosed with a serious illness like cancer, a heart attack, or a stroke. The money can help with medical costs, bills, or anything else you need while you recover. It’s different from life insurance because it pays out while you’re still alive, helping you manage the financial impact of being seriously ill. This cover provides peace of mind, knowing you’ll have financial support if you’re unable to work due to a major health issue.

If you find a cheaper term life or critical illness insurance quote within 30 days, let us know, and we’ll do our best to beat it. We guarantee that you won’t lose out financially if you give us a genuine opportunity to keep your business. Proof of the offer may be required and must be valid for five days from when we receive it. Please note that if there’s a change in your health or personal circumstances since the offer date that could affect policy acceptance, our Price Promise may not apply.