Compare our selection of life insurance providers in the table below. Whether you are looking for level term, decreasing term or whole of life insurance we provide you with an independent service to help you find the right life insurance deal. We have access to all major life insurance providers. Send us an enquiry or call us on 0808 169 9664 for free quotes and advice. Our qualified advisers will make sure you are eligible for any deal before you apply and will provide expert support through the entire process.
AA Life InsuranceGet Quote
From £6 per month. Level Life or Decreasing Life Insurance.
Legal & General Life InsuranceGet Quote
From £6 per month. Based on a 28 year old non smoker.
AIG Life InsuranceGet Quote
£5 per month - decreasing term life insurance. £100,000 cover for a healthy 25-year-old non-smoker for 30 years.
LV Life InsuranceGet Quote
From £5 per month. Based on a 28 year old non smoker
AEGON Life InsuranceGet Quote
From £5/month. For 32 year-old non-smoker. £150k decreasing term cover for 20 years. Aegon: January 2019.
Old Mutual Life InsuranceGet Quote
From £5 - decreasing term life insurance. £100,000 cover for a healthy 25-year-old non-smoker for 30 years.
Royal London Life InsuranceGet Quote
From £5 - Based on a 30 year old male, non-smoker, £65,000 over 10 years on a decreasing policy.
Scottish WidowsGet Quote
£5 per month - For 32 year-old non-smoker. £150k decreasing term cover for 20 years.
The Exeter Life InsuranceGet Quote
£5.00 per month - decreasing term life insurance. £100,000 cover for a healthy 25-year-old non-smoker for 30 years.
Vitality Life InsuranceGet Quote
£6.50 per month - premium is based on £100,000 of level term cover for a 30-year-old non-smoking individual who is in good health.
Zurich Life InsuranceGet Quote
From £5 per month. Based on a 28 year old non smoker
The most popular kind of life cover is a level term policy, which pays out a fixed sum of money if you pass away during the life of the policy, for example within 18 years. The amount your dependents receive will be the same regardless of whether you die near the beginning or the end of the agreed period. If however, you reach the end of your policy and are still alive they won’t receive anything.
The cost will depend on the amount of cover you want and the length of the term. Typically, policies will also be cheaper the younger you are, as insurers see you as less of a risk. It’s important to cover yourself for a long enough term, and if you have dependents, this is usually until at least the age at which they would leave full-time education.
Before you buy life insurance you need to think about who you’re providing for after your death. For those who have a partner or dependents, if they’d be financially affected when you pass away, life cover would be a good idea, as it will help them cover the mortgage, pay bills and provide food on the table if the worse was to happen. If you don’t have anyone that relies on you and your income then taking out a policy wouldn’t be worth it.
Deciding on how much cover you require is one of the most important considerations, as you don’t want to take out too little cover and not leave them with enough money, but you also don’t want to be paying too high a premium if you don’t need to. The general rule is to buy a policy that pays out 10x the annual salary of your households main earner, but if you can’t afford this then stick with whatever you can. The cover should be enough to pay off outstanding debts (including your mortgage if there isn’t separate insurance), immediate costs that your dependents will need to cover, future costs (such as university) and expenses related to your death (like the funeral).
If you have a partner it can be cheaper to get a joint policy, but this will only pay after the first death, so you might want to consider having two single policies if you have dependents.
The more likely an insurer thinks you are of dying the more expensive your cover will be. Some of these factors can’t be changed, for example, if you have a pre-existing medical condition, and non-smokers will pay considerably less than a smoker. To be classed as a non-smoker an insurer will generally need you to be completely free from nicotine for a year or more, but it’s important to check the criteria, as some have raised this to five years.
Premiums can either be paid on a fixed or reviewable basis. With a guaranteed premium you’ll know exactly what the monthly cost will be and the price will never go up. Reviewable premiums can seem cheaper at first, but the insurer can put up the price at a later date.
A tax free lump sum paid out to your family if you die in an accident.
Critical Illness Insurance will pay you a lump sum if you are diagnosed with a critical illness during the term of the policy. Critical illnesses will be defined in the terms and conditions of the individual policy.
The amount of money paid out in this type of insurance policy reduces over time. They are usually taken out to cover a capital repayment mortgage, so as you pay off the loan, the value of the insurance policy reduces at the same pace.
This type of insurance policy pays out a monthly amount if you are temporarily unable to work due to an accident or illness. It is designed to replace your income and can be used to pay household bills such as your mortgage, car repayments and energy bills.
This type of policy protects you and your partner.
The most basic type of life insurance available in the UK. This type of policy pays out a lump sum should you die during the life of the policy. You pay a fixed monthly amount for an agreed amount of time.
Also know as permanent life insurance, this type of insurance policy stays in place until you die, whenever this may be.