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Life cover is a type of insurance that pays out a lump sum or income if you die.
Most commonly life insurance cover is taken to ensure your mortgage will be repaid, so that your family can afford to continue to live in your home. You might also set up a policy to protect your loved ones; for instance, to provide enough money for your family until your youngest child reaches adulthood.
Life insurance is usually for a set term – to coincide with the length of your mortgage, or a life event (your youngest child’s 21st birthday, for example). If you die within the term, the policy will pay out; however, if you survive the term, you don’t get anything back.
The cost of your life insurance policy can be paid monthly or annually. Be sure to keep up your payments – if you miss one, your policy may be placed “off risk” which means you’ll have no cover. Life insurance providers sometimes offer a “premium waiver” which pays your premiums if you can’t work due to ill health.
To help you compare the best life insurance rates and monthly premiums, we’ve put together Life Insurance Best Buys for both smokers and non smokers (based on a 35-year-old needing £100,000 of life insurance over 20 years). This will give you a great idea of the best life cover available and what you could pay.
Obviously your circumstances could be quite different to the scenario we use, so don't just opt for the cheapest life cover as this may not be the cover you need. That’s why we've teamed up with Torquil Clark to offer you the opportunity to speak to a professional life insurance adviser about your needs.
We deal with all of the UK’s major insurers to ensure you get the best deal including:
By completing a short form or calling 0800 294 7206 you can speak to an adviser to get a personalised life quote. It doesn’t take long and a few minutes spent now could benefit your family in the years ahead.
Compare life cover
Life insurance for over 50's
Life insurance for over 60's
Over 70's life insurance
Get life cover quotes: call 0800 294 7206.
Under no circumstances should you cancel an existing life insurance policy until a new one has been arranged. Torquil Clark Ltd is authorised & regulated by the Financial Conduct Authority