Life Insurance Guide

We have tried to answer the most common questions about Life Insurance & Critical Illness. If you have a query which we have not answered, simply complete our quick, online contact form >>> for friendly, free and expert advice.

What is Life Insurance?

It’s a straightforward and affordable way of helping make sure that your family and loved ones are financially secure in the event of your death.

A Life Insurance plan pays out a cash lump sum if the person(s) insured dies during the term of the plan. The lump sum can be used to provide financial support to your family and loved ones, who might otherwise struggle to pay the mortgage, bills and other living expenses without your income.

Having the right level of Life Insurance in place gives you peace of mind and your family a financial safety net if they ever need it. There are different types of life insurance, so it’s important to pick the right type for you. Fill in our online contact form >>> and let our expert Life Insurance & Critical Illness Advisors get you a great policy at the best price.

What is Life Insurance & Critical Illness Insurance?

Life Insurance & Critical Illness Insurance Provides a lump sum of money should the policyholder be diagnosed with having one of the insurers specified Critical Illnesses during the term of
the policy as well as paying out in the event of death.

Do you get any money back if you don’t die by the end of the plan term?

No, your Life Insurance plan provides life cover only and there’s no cash-in value at any time. At the end of your plan term, you stop making payments and your cover ends.

Who can apply for life cover?

You can apply for Life Insurance online if you’re a UK resident aged over 18. A UK resident is defined as someone who’s permanently resident in the United Kingdom of Great Britain and Northern Ireland (excluding the Channel Islands and the Isle of Man)

How much life cover should you get?

That depends on your personal circumstances. You’ll want to take into account factors like:

  1. How much your family would need to support themselves without your income.
  2. The size of your outstanding mortgage loan and how long it’s got to run.
  3. The amount needed to pay school and university fees.
  4. Any other outstanding debts you have.

If you want help deciding on the amount, use our online contact form >> to work out how much life cover you might need.

How long should you get cover for?

Most people want their Life Insurance plan to run until a key date in the future. For instance, it could be when you intend to retire, when your mortgage is paid off or when you think your children will become financially independent. Work back from that date and that will help you decide on the number of years you need to be insured for.

Can you buy joint life cover?

Yes. You can have joint life cover that pays out if one of you dies during the plan term. Only one pay-out per plan can be made.

Is terminal illness cover included?

As Terms and Conditions are constantly changing our expert Life Insurance Advisors will give you up to date information on terminal illness cover. Fill in our online contact form >>> and let our expert Life Insurance & Critical Illness Advisors give you the latest information.

How can you pay?

Fill in our online contact form >>> and let our Expert Life Insurance & Critical Illness Advisors inform you on payment methods.

Can you cancel the plan at any time?

Yes, just contact your insurance company if you want to cancel it. Once you cancel your direct debit payments, your cover will stop and you’ll no longer be insured. Bear in mind, there is no cash-in value at any time.