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Life Insurance

Life Insurance protects the lives you love
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Reasons to choose Life Insurance

  • Life insurance, or life cover - is a safety net for your loved ones
  • It pays a cash lump sum to support your family, should the worst happen
  • You can personalise your cover with your loved ones in mind

Why taking expert advice makes the difference

  • Choosing the right life cover is a pretty important decision, but don't worry - we'll help you get it right
  • You probably have a lot of questions. Just give us a call and we'll talk through your options
  • Life insurance protects you and your loved ones. We hope you'll never need it, but it gives you peace of mind if you do

Watch our Life Insurance in 60 secs video

Frequently asked questions about this type of policy

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.

Life Insurance - advice and guides

We've picked 3 guides we think you'd like, but you can visit the Advice & Guides hub for more.

A quick guide to life insurance

Life insurance can be confusing. Our two-minute guide tells you everything you need to know.
Read more

COVID-19 and life insurance

Does my life insurance policy pay out for coronavirus? Can I buy a new policy right now? Get the answers here!

Read more

The 10 reasons why you need life insurance now

Here are our top 10 reasons to get your life insurance sorted today

Read more

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What’s the ‘right amount’ of life cover?

It’s different for everyone. To figure out the ‘right amount’ of cover for you, you’ll want to factor in your outstanding debt, your family commitments (now and in future) and what you can afford to spend each month in premiums.

Our calculator will help. And after you calculate the ‘right amount’ of cover, give us a call (or leave your details we’ll call you) so LifeSearch can search the market for policies that match what you’re after.

FIRE UP THE CALCULATOR!

Plug in your commitments to understand what cover's good for you.

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Any mortgage left to pay?

How much have you left on any current mortgages in your name

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Loans, credit cards & other debts

Total up all the non-mortgage debt you have: loans, credit cards, overdrafts and any other borrowing

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Potential funeral costs

The average UK funeral costs between £4,000 and £5,000. If you have expensive tastes or a massive family, it may be more. Worth thinking about.

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Childcare, school or higher education costs

You’ll know your childcare, private school or tuition fee obligations. But did you know it costs roughly £1,500 - £2,500 per year to fund one child through state school? There’s sports, activities, after school clubs, uniforms, travel expenses, technology (such as a laptop or iPad) to consider.

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Additional lump sum

Life insurance covers your obligations and debt. A lump sum on top offers extra comfort and options for your family after you’ve gone

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Existing life insurance, savings & investments

Total up any savings, investments and life insurance policies that you intend to keep. When you die your savings go towards your debt anyway - so it’s important you’re not ‘over-insured’. That’s just a waste of money.

Your total cover estimate:

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Let us find the best cover for you!

Get advice & quote

Not sure about your calculation? We can help you choose the cover level to suit you with free advice here.

Remember, this only estimates how much you might need to help you make your decision.

Since 1998, happy LifeSearch teams have protected more than 640,000 UK families

  • Fee-free expert advice, free support services
  • We hunt the market: insurers you know and some you don't
  • We advise, we search, but you decide
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42% UK households with a mortgage have no Life Insurance 

Over 98% of life insurance claims are successfully paid out 

LifeSearch Limited is an Appointed Representative of LifeSearch Partners Limited, who are authorised and regulated by the Financial Conduct Authority. Calls may be monitored/recorded.