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Life Insurance

Life Insurance

Life insurance is an insurance policy which pays out a predetermined lump sum to your dependants should you pass away during the term of the contract. The cost of a policy is determined by a number of factors including your age, health and lifestyle.

Life insurance can help your partner and/or children continue to pay for any financial commitments you have that might then fall to them to pay if you were no longer here. The mortgage is often the most significant factor but there are lots of other monthly bills that need to be paid.

Life insurance can help to make sure your dependants would then be able to keep up with any mortgage repayments and bills you pay if you passed away.

The lump sum pay-out they would receive could also help to pay for other things you would usually help to cover, like food bills and schooling.

Life insurance – depending on your circumstances – is a prudent insurance to ensure that your family is protected and financially supported should you pass away.

Some things to consider with life insurance

Level Term Policy (fixed payout)

Decreasing term policy (normally linked to mortgage)

Additional monthly bills

Your health

Our life insurance experts can run through the options with you and explain the different options and premiums available.

Your age

Amount of cover

Length of cover

Affordability of monthly premium