Life Insurance Explained

We know life insurance can be confusing sometimes… let’s clear it up for you

How much life insurance do I need?

When thinking about how much cover you need, you might want to factor in things like your mortgage or rent, bills, debts and funeral costs. You may also want to…

Why does life insurance cost more if I have a medical condition?

Life insurance prices are based on a couple of key areas – age and medical history. The rule of thumb with life insurance is that it’s generally cheaper if you’re…

I heard life insurance doesn’t pay out…

That’s a common misconception and something that simply isn’t true. In fact, 99.6% of life insurance claims were paid out in 2017 (Telegraph, 2018) The only reason a policy wouldn’t…

What’s not covered by my life insurance?

Your life insurance won’t cover you if you commit suicide within the first 12 months of the policy being active. It also won’t cover you if any important details were…

How much does life insurance cost?

Life insurance costs as little or as much as you want it to. The cost is determined by factors like: How much cover do you need? How long do you…

Will my life insurance hold the same value in the future?

When choosing a life insurance policy, you’ll often have the option to add indexation to your policy. This will adjust your cover and premiums based on inflation. For example, £200k…

How long does it take to get life insurance?

Depending on your personal circumstances and the amount/length of cover you require, you could have your life insurance sorted in one phone call. Usually, it takes about 45 minutes to…

If I outlive the policy I get nothing – why should I get it?

Well firstly, it’s definitely a good thing to outlive your policy! Life insurance could be seen to be similar to car insurance – you hope you won’t have to use…

Life insurance or life assurance?

Life insurance is usually for a fixed term whereas life assurance is also known as a Whole of Life policy. Which one suits your needs is down to your age…

Who can receive my life insurance payout?

You have the option to choose beneficiaries when you get a life insurance policy through us. When you set up a policy, you have the option to place your policy…

Can’t find what you’re looking for?

If you still have questions or would like to speak with an adviser please get in touch.

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