What does Life Insurance do?
It pays out a lump sum to the dependants if the holder dies while the policy is in force.

Who needs Life Insurance?
Anyone with dependants who rely on them should consider life insurance. The loss of a spouse, for example, can leave survivors with problems paying the mortgage, rent, school fees, or day-to-day expenses. Without life insurance cover, a family may be left with nothing but the very minimal state benefits.

How does it work?
You decide on the amount of life insurance cover and the number of years you want to be covered for (the term). The life cover remains constant throughout the term. The plan has no investment content. If you die during the specified term then the amount of life insurance cover is paid out

The Insurance Helpline - Life Insurance
 

For anyone considering a life insurance policy we recommend that you:

  • Contact Us to check if you could get the same policy cheaper - if you already have an existing policy.
  • consider putting your policy into trust
  • never cancel an existing mortgage protection policy before ensuring your new policy is active.
  • always take independent financial advice if you have any concerns about your mortgage protection requirements.

The Insurance Helpline - Contact Us