Complete our short and simple quote form and our partner firms will search the life insurance market to find you the lowest prices and best policies.
Choose yourself if the life insured is yours. Choose yourself & partner if you wish to apply for a joint policy. The lump sum will be paid out upon the first death and then terminate.
This will depend on the purpose of the cover. If it is to protect a mortgage then the amount should not be less than the outstanding loan. If it is to protect family then the amount should be sufficient to “replace youâ€. This might involve the cost of paying for child care and home help or could be the amount of a partners income if they had to give up work to take care of children. If the protection is to cover a future liability such as school fees, then sufficient to pay the fees and associated costs such as uniforms.
Level Life Insurance Level Term Assurance is the most basic type of life insurance. For fixed monthly payments, the amount of life cover - also known as the sum assured - is guaranteed for a fixed number of years. The lump sum is paid out if death occurs before the policy ends. The policy may also pay out if you are diagnosed terminally ill during the policy term.
Mortgage / Decreasing Life Insurance With Mortgage Life Insurance, also known as Decreasing Term Assurance you pay a fixed monthly premium but instead of the life cover remaining level, it gradually reduces over the term of the policy. It is most commonly used together with a repayment mortgage and the sum assured reduces broadly in line with the amount outstanding on the mortgage. The reducing life cover means that the cost of this type of policy is lower than that of Level Life Insurance.
The length of time that you need the protection for will depend on what you are protecting against. If it is to pay off a mortgage, then this will normally be to the end of the mortgage term. If it is to protect dependants, then it is likely to be until they are old enough to look after themselves.
It is important to answer "Yes" to this question if you have smoked in the past 12 months.