Protect your family financially in case of the unexpected from just £5 a month
What is Life Insurance?
Life Insurance is a simple way of providing your loved ones with financial protection in the event of your death.
If you pass away, your family will receive a lump sum which can help:
- Secure your family's future
- Pay off a mortgage
- Afford everyday living costs
- Pay for childcare or education
- Pay for funeral arrangements
What to consider
Amount of cover
How much you'll need will depend on who, or what, you want to protect.
- How much you would like to leave to your loved ones
- Any debts you may wish to pay off (e.g. mortgage or loan)
- Funeral arrangements
Length of cover
We can cover you until you're 89 (or 84 if you choose to include Critical Illness Cover).
- How long would any dependants need support for
- How long you may have remaining on a mortgage
Type of cover
This pays out a fixed amount no matter when you pass away during the term of your policy.
The payout reduces over the term of your policy. Most people take this option out to cover a repayment mortgage, which decreases over time.
Type of policy
A single policy provides cover for the death of a individual.
A joint policy allows two people to be covered, however would only pay out once on the death of the first person. Read more about Joint Life Insurance
If a payout is required on the death of both people, you may wish to consider a single policy each.
Remember, if you or your partner are a stay-at-home parent, it's a good idea to get cover.
If you or they were to die, the cost of taking care of the children could be a big strain on your finances.
Terminal Illness Cover
If you're given less than 12 months to live, your policy may pay out early to help you and your family through that difficult period.
Free Trust Service
- You can choose who the money goes to in the event of your death
- The money will usually be paid out quickly and there's no need for lengthy legal processes
- It may help to avoid inheritance tax on the policy
Ongoing Aftersales Care Team
A dedicated customer service team are here to assist you whenever you need.
Critical Illness Cover
Being diagnosed with a critical illness can mean your home and work life are disrupted.
By adding Critical Illness Cover to your policy:
- You'll be covered for a range of life-threatening illnesses (different insurers cover varying types of illnesses and the most commonly claimed on are cancer, heart attacks and strokes).
- If you're diagnosed with one of these, you'll receive a lump-sum payout to help you manage financially.
Important: Critical Illness Cover isn't the same as Terminal Illness Cover.
Terminal cover pays out if you're diagnosed with a terminal illness and are given 12 months or less to live. Critical cover pays out on diagnosis of a listed critical illness regardless of your life expectancy, as well as if you die.
Compare quotes online
- Answer a few quick questions
- Compare quotes and prices
- Complete your application with a Life Insurance expert
Want to speak to us?
Give us a ring and we'll answer any questions you have. We can help you apply too, if you'd rather do it over the phone. The number's below:
0161 672 8991
Monday to Thursday: 9am-8pm
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 things, whether it’s to help with mortgage payments, or to pay off your mortgage altogether. It could also be used to secure your children’s future – it could cover their education or university fees, or be used for anything else they may need.
The policy doesn’t have a cash-in value. If you cancel your policy or if it expires, you won’t receive any money back.
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 insurers.
If you’d like to go ahead, we’ll give you a call to complete your application.
Then you’ll pay your premium each month and you’ll be covered.
If you have a partner, children or someone who relies on you 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 outstanding mortgage that would be someone else’s responsibility if you were to pass away, Life Insurance could help pay these off.
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.
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 option for you.
You decide how long you would like your policy to last.
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 for childcare costs, or whatever else you may need it for.
The critical illnesses that are covered will vary from insurer to insurer, but the most common are stroke, heart attack and types of cancer.
This can be added at an additional cost when you take out your Life Insurance policy.
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 support you financially.
Terminal illness cover comes as standard with your policy.
This will depend on your situation. There are certain things you might 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?
- Do you want to be covered for as long as possible (but before your 90th birthday)?
Think Money Limited introduces customers to thinkmoney insurance which is a trading style of Think Insure Limited. Insurance is arranged from a panel of insurers by Think Insure Limited which is authorised and regulated by the Financial Conduct Authority (FCA No. 310071). Insurance is subject to eligibility and exclusions. Policy conditions apply.