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INSURELIFE

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

Critical Illness Cover

A lot of us think we’ll never be diagnosed with a critical illness, but in reality it could happen to anyone.

How would you and your family cope financially if you became ill?

Whether it’s paying for treatment or helping to cover your salary while you get better, our critical illness cover could make a big difference if you’re diagnosed with a life changing critical illness.

InsureLife can put you with a provider that covers up to 178 conditions inclusive of ABI (Association of British Insurers) definitions.

We offer different levels of cover, such as level term and decreasing cover.

Your cover can last between 5 and 50 years. When it comes to how much cover you’ll need, everybody is different.

How much would you need to cover your monthly outgoings?

Think about everyday costs such as household bills and childcare, or how much you would have to pay for unexpected treatment costs so you and your family able to live life as normally as possible.

Even a small amount of critical illness cover could allow you time to recover or take a well deserved holiday.

Designed with you in mind, our flexible cover means we are here when you need us most.

Some things to consider with critical illness cover

Make sure your policy covers heart attacks, strokes, most forms of cancer and conditions such as multiple sclerosis.

Most policies will also consider permanent disabilities as a result of injury or illness.

It only pays out once unless you protect the cover which you can with certain providers.

Our advisors will tell you the different options available so you can make an informed decision.

Some serious illnesses might not be covered, for example, some cancers and conditions not listed in the policy.

What’s covered and what’s not, will be set out in the policy details so make sure you’re fully aware of them and that they cover your needs.

Your monthly payments will depend on a number of factors such as age, health, occupation and amount of cover taken out.

Can be taken with or without Life Insurance.

Income Protection

Giving you peace of mind if you’re unable to work because of an accident or ill health, taking out Income Protection Insurance means you’ll be paid a monthly, tax-free income if you are signed off by your doctor as being unable to work due to illness or injury.

You would continue to receive monthly payments until you were able to go back to work. These payments can be vital to ensure you keep up with bills, mortgage repayments, rent or childcare costs. Even if you can’t go back to work, the policy will pay you an income for the rest of your plan term so you can rest assured that you are fully protected.

Some things to consider

Each year one million people in the UK find themselves unable to work due to a serious illness or injury (ABI 2017).

It pays part of your income if you are unable to work because you are ill or injured.

It pays out until you start working again.

There is often a waiting period before payments start.

Income protection It ensures you continue to receive a regular income until you retire or are able to return to work.

You may not need income protection if you have enough savings, or financial support from a partner or family.

It covers most illnesses that leave you unable to work.

You can claim as many times as you need to, while the policy lasts.