Life Insurance

Find out all that you need to know about Life Insurance, from what the policy covers to the difference between level term life and decreasing term life insurance.

What’s Life Insurance?

Life Insurance is a simple way to protect your family financially in the event of your death. If you pass away while your policy is active, your family will receive a lump sum payout. This money can be used for a number of th…

How do I take out a life insurance policy?

Just tell us how much cover you need, how long you need it for, the type of cover you’d like and some personal details. We’ll then give you a quote from a panel of leading lenders. If you’d like to go ahead, …

Do I need life insurance?

If you have a partner, children or someone who relies on your financially, Life Insurance may be a good idea. It’ll pay out a lump sum of money to help them financially if you pass away. If you have debts, loans or an o…

What’s level term insurance?

With level term insurance, the amount you’re covered for stays the same throughout the policy. Usually, the monthly or annual premium stays the same too. You can choose how long you want your level term policy to last.

What’s decreasing term insurance?

With decreasing term insurance, the size of your potential payout decreases as your policy goes on. So if your commitments get smaller over time, for example, your mortgage balance (on a repayment mortgage), this may be a good…

What is critical illness cover?

If you’re diagnosed with a critical illness while your policy is active, you could receive a lump sum payout to help you financially. This could pay off your mortgage, maintain your family’s standard of living, pay…

What is terminal illness cover?

If you’re diagnosed with a terminal illness and are given less than 12 months to live, the policy may pay out early to help you support you financially. Terminal illness cover comes as standard with your policy.

How do I decide the length of the term?

This will depend on your situation. There are certain things you need to consider. How long do you have left on your mortgage? How long will your children need your support financially? At what age do you plan to retire? …

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