Life Insurance FAQs
What is life insurance?
Life Insurance helps to financially protect your family and loved ones in the event of your death. Most Life Insurance pays out a cash lump sum if you were to die or become terminally ill, which can then be used to secure the financial futures of those you leave behind.
A typical example is having a lump sum based on any outstanding mortgage, so that if you were to pass away your living partner and/or children can remain in the family home comfortably.
Do I need life insurance?
Only you will really know your full financial situation and if you need life insurance to secure any financial arrangements after you are gone. Its vital if you have a partner or dependents who rely on you financially.
We appreciate that death is a very sensitive subject that many people don’t want to discuss. But, making sure that your family is fully protected in the event of something unexpected happening can bring a great peace of mind also.
Will my life insurance premiums change?
In the vast majority of cases, once you have agreed your policy and its set up, your premiums will not change.
How do I get a life insurance quote?
Book in with one of our trained life insurance specialists, we will be able to take all of your information and provide you with a number of options best suited to your individual needs. We don’t change for Life insurance advice and services, we receive a commission from the insurer.
How much is a typical life insurance policy?
The cost of your policy will be dependent on many factors, including any previous or current health conditions.
£100,000 of cover can start from as little a £6 per month.
How will you use my details for my life insurance application?
We will take all of your relevant information and process it only for the use of your life insurance application, to make sure that whatever policies we offer are right for you. We understand that discussing your health can be uncomfortable, and we can assure you that your information will be safe with us and not shared in any way outside of your application.
Does Life Insurance actually pay out?
Yes, official UK statistics consistently show that over 98% of life insurance claims are paid out annually.
In the rare event a claim isn’t paid, it’s almost always because the initial application contained a mistake, whether intentional or not. The questions can be detailed and confusing, making it easy to make an innocent error that could later affect your cover. That’s why having an expert guide you through the application is essential, it provides peace of mind that your policy is valid.
The only exclusion to Life Insurance in the UK is suicide during the first 12 months.