Life insurance.
Help the people who depend on you financially if you die during the policy term. We can explain cover designed around a mortgage, family costs or a longer-term plan.
Friendly advice, tailored to your circumstances. Product terms, underwriting and exclusions apply.
How does this cover work?
Term life insurance generally pays an agreed lump sum if you die within the policy term. Level term cover keeps the sum insured broadly fixed; decreasing term cover is often used alongside a repayment mortgage. Some policies include terminal illness benefit, subject to the insurer's wording.
The right amount and type of cover depends on what you want to protect, your existing arrangements and your budget. An adviser can explain which features matter and what a policy may not cover.
Things worth checking
- Think about mortgage debt, childcare, household bills and existing death-in-service benefits before choosing a sum insured.
- Consider single versus joint policies, cover length, beneficiaries and whether a trust is appropriate.
- Premiums and cover depend on underwriting, and policies have terms and exclusions. Life insurance is not a legal requirement for a mortgage.
Frequently asked questions.
Does my mortgage require life insurance?
Usually no. A lender may have separate insurance requirements for the property, but life insurance is generally a personal choice to protect dependants.
What is the difference between level and decreasing cover?
Level term normally keeps the amount of cover the same throughout the agreed term. Decreasing term reduces the sum insured over time and can suit a repayment mortgage.
Not sure what to choose?
We can talk through your priorities, existing cover and available options, with no pressure to take out a policy.
Talk to a protection adviser ↗No policy provides cover for every eventuality. The insurer's terms, conditions and exclusions determine the benefits payable.
Related protection options.
Family income benefit
Instead of relying on one lump sum, you can arrange life cover designed to pay a regular income to your family if you die during the policy term.
Explore coverCritical illness cover
A serious diagnosis can affect work, savings and family life. Critical illness insurance can provide a lump sum if you meet the policy's definition of a specified condition.
Explore coverIncome protection insurance
Your bills don't stop when you're unable to work. Income protection is designed to replace part of your income if illness or injury prevents you working, subject to the policy terms.
Explore coverFurther information: MoneyHelper: what is life insurance? ↗ This is general guidance, not a personal recommendation or tax advice.