Money Saving Expert Life Insurance Quotes
Frequently asked questions
Life insurance protects your loved ones with a lump sum payout, ensuring that they don’t suffer financially if you’re not around anymore. A policy is usually bought to cover the period (or term) that your family most need help i.e. during a mortgage term, or when your children are financially dependent on you.
It all depends on a few things; your health, your age, your smoker status, the amount of cover you're after and maybe even your hobbies. Read more about the average cost of life insurance here.
A term life insurance policy runs for a set period of time, making them cost-effective. Whole-of-life policies, on the other hand, payout whenever you die. Because they can last way into old age, they can be expensive.
Although a life insurance payout is often talked about as a tax-free lump sum, this is true up to a point. If your estate is valued above £325,000 (or £650,000 if you’re married) or the life insurance payout pushes your estate value over the threshold, you might be hit with inheritance tax. Read more about life insurance and tax here.
Life insurance covers common causes of death such as illness, disease, cancer, heart attacks or accidents. Depending on your cover, it may also cover a terminal illness diagnosis and suicide. Common exclusions are pre-agreed medical conditions, chronic illnesses, disabilities, drug and alcohol abuse and high-risk activities.
You’re unlikely to be entitled to any refund of the premiums you’ve already paid if you cancel your life insurance. You also won’t get your money back if your term ends and you or your beneficiaries haven’t been able to make a claim; in the same way car insurance won’t pay out if you don’t have an accident, or pet insurance doesn’t pay if your pet stays well.
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Frequently asked questions
Life insurance protects your loved ones with a lump sum payout, ensuring that they don’t suffer financially if you’re not around anymore. A policy is usually bought to cover the period (or term) that your family most need help i.e. during a mortgage term, or when your children are financially dependent on you.
It all depends on a few things; your health, your age, your smoker status, the amount of cover you're after and maybe even your hobbies. Read more about the average cost of life insurance here.
A term life insurance policy runs for a set period of time, making them cost-effective. Whole-of-life policies, on the other hand, payout whenever you die. Because they can last way into old age, they can be expensive.
Although a life insurance payout is often talked about as a tax-free lump sum, this is true up to a point. If your estate is valued above £325,000 (or £650,000 if you’re married) or the life insurance payout pushes your estate value over the threshold, you might be hit with inheritance tax. Read more about life insurance and tax here.
Life insurance covers common causes of death such as illness, disease, cancer, heart attacks or accidents. Depending on your cover, it may also cover a terminal illness diagnosis and suicide. Common exclusions are pre-agreed medical conditions, chronic illnesses, disabilities, drug and alcohol abuse and high-risk activities.
You’re unlikely to be entitled to any refund of the premiums you’ve already paid if you cancel your life insurance. You also won’t get your money back if your term ends and you or your beneficiaries haven’t been able to make a claim; in the same way car insurance won’t pay out if you don’t have an accident, or pet insurance doesn’t pay if your pet stays well.
*Terms and Conditions
- These terms and conditions apply to the Amazon.co.uk Gift Card offer (the “offer”) of £60 for premiums up to £30 and £140 for premiums over £30. By making a claim for an Amazon.co.uk Gift Card, you are deemed to have accepted these terms and conditions.
- The offer is being provided by LifeSearch, which is a trading name of LifeSearch Limited, registered in England and Wales under company number 03089775, whose registered office is at 3000a Parkway, Whiteley, Hampshire, United Kingdom, PO15 7FX. (LifeSearch are the “promoter”).
- The offer is only open to UK residents (excluding employees of the promoter, third parties involved in the promotion and their families) who are aged 18 years and above, and whose life insurance policy purchased via LifeSearch starts after 5th May 2023.
- Customers will be entitled to claim the Amazon.co.uk Gift Card once the policy has been in place for 90 days. Each eligible customer will receive an email within 45 days after the 90-day period from the promoter, which will contain details of how to claim your Amazon.co.uk Gift Card. Please note, emails will be sent to the email address used to purchase the life insurance policy. Please ensure that emails from LifeSearch are accepted into your inbox and do not end up in your junk/spam or promotional folder.
- All Amazon.co.uk Gift Card claims must be made within 365 days from the date of the email from the promoter (not the date your life insurance policy starts). Upon receipt of the email from the promoter you will need to follow the link contained in the email and follow the instructions.
- You can take advantage of this offer only once. If you purchase multiple life insurance policies through the promoter during the offer period, this offer will be applicable only in respect to the first life insurance policy that you take out in your name during the offer period. In cases where the policy bought is a joint policy or within the same household, you will still only be able to claim one Amazon.co.uk Gift Card.
- The offer is only open to customers who have contacted LifeSearch through Money Saving Expert.
- The promoter reserves the right to withdraw or amend this offer at any time.
- The promoter accepts no responsibility for any damage, loss, liabilities or disappointment incurred or suffered by you as a result of entering the promotion. The promoter further disclaims liability for any damage to your or any other person's computer relating to or resulting from participation in or downloading any materials in connection with the promotion.
- The promoter shall not be liable for any failure to comply with its obligations where the failure is caused by something outside its reasonable control.
- The promotion is in no way sponsored, endorsed or administered by, or associated with, Amazon, Facebook or Twitter.
- If any paragraph in these terms and conditions is found by any court or administrative body of competent jurisdiction to be invalid or unenforceable, such invalidity or unenforceability shall not affect the other paragraphs of these terms and conditions, which shall remain in full force and effect.
- *Amazon.co.uk is not a sponsor of this promotion. Amazon.co.uk Gift Cards ("GCs") may be redeemed on the Amazon.co.uk website towards the purchase of eligible products listed in our online catalogue and sold by Amazon.co.uk or any other seller selling through Amazon.co.uk. GCs cannot be reloaded, resold, transferred for value, redeemed for cash or applied to any other account. Amazon.co.uk is not responsible if a GC is lost, stolen, destroyed or used without permission. See www.amazon.co.uk/gc-legal for complete terms and conditions.