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Life insurance helps give your family financial protection if you pass away in the time you have your policy. It allows you to leave behind an amount of money to help those you love maintain their living standards and keep paying the bills.
You can use life insurance to cover one person (a single policy) or two people (a joint policy). But it’ll only pay out once so, once we’ve settled a claim, the policy ends.
In most cases, you can get life insurance even if you have medical conditions. You’ll need to tell us about them when we ask and it’s possible there might be a medical exam too (we’ll pay for this). The price you will pay depends on the level of cover selected and your personal circumstances.
This gives access to annual health checks, mental health counselling and nutritional support. See more about the app ^
It’s not about you. It’s about them. Our cover is term life insurance and will pay out a sum of money if during the policy term you die or are diagnosed with a terminal illness as we define it, and you’re not expected to live more than 12 months. You may wish for the money to go towards helping your loved ones. Here are a few things to think about before choosing your cover.
And if you’re unfamiliar with the language of life insurance, look up any terms you don’t understand in our life insurance glossary.
Do you need life insurance?
Take the time to think about how much money your loved ones might need to keep their standard of living if you were to pass away. This might include costs such as bills, mortgage repayments, school fees and any other debts you might need to repay.
How long do I need cover for?
Think about how long your kids will need your financial support, or when your other half might retire. If you are over 50 and want cover for the whole of your lifetime, rather than a fixed amount of time, you could consider our Over 50 life insurance.
Joint or separate life insurance policy?
If you and your partner would like combined cover, you can take out a joint policy. This pays out once and won’t provide cover for the second person after the first person passes away.
Another way would be to each take out a separate policy. So once we pay out for one person their policy will end – but the second person’s policy will continue. The cost of two policies will general be higher than a joint policy.
Learn about the ins, outs and in-betweens of our life insurance in our video.
