UK's number one Life Insurance provider*
How would your little monsters cope without you? Help protect them with Life Insurance from £6 a month.
Life Insurance is a type of insurance policy that can help minimise the financial impact that your death could have on your loved ones. If you die or if you're diagnosed with a terminal illness with a life expectancy of less than 12 months, during the length of the policy, it could pay out a cash lump sum. Life Insurance can help give you peace of mind that your family’s way of life is protected should the worst happen.
*Based on new individual life insurance sales in 2017, Term & Health Watch report 2018, Swiss Re
Our Life Insurance could pay out a cash sum if you die or are diagnosed with a terminal illness while covered by the policy (provided your life expectancy is less than 12 months). The amount of cover you choose will stay fixed unless you change your policy.
You choose the amount of cover you need and how long you need it for. You can take out life insurance under joint or single names and you can pay your premiums monthly or annually. For more help, take a look at our life insurance calculator or speak to your financial adviser.
Whether you need Life Insurance will depend on your individual circumstances. For example, Life Insurance can provide peace of mind for people with children, partners, or spouses that depend on them financially, as well as people with a mortgage on the family house.
Please remember that life insurance is not a savings or investment product and has no cash value unless a valid claim is made.
If your life insurance is to cover your mortgage, your policy may not completely pay off your outstanding mortgage unless you make sure your cover amount of cover is adjusted to match any new mortgage arrangements. If you have Decreasing Life Insurance you must also check that the interest rate applied to your mortgage does not become higher than the interest rate applied to your policy.
Please read the key documents below and the important information page before you apply.
You must be at least 18 years of age, currently living in the UK and have spent at least 183 days in the UK in the last tax year. Upper age limits apply. See the Policy Summary for full details.
Life insurance is designed to pay out a cash sum if you die during your chosen period of cover, which is a maximum of 50 years, but the policy must end before your 90th birthday. For Life Insurance we'll ask you questions about your medical history, occupation and lifestyle to assess your application.
Over 50s Life Insurance is designed for people aged 50 to 80 who want a fixed cash sum to give to their loved ones when they die. It's for people who want guaranteed acceptance with a simple application process and do not want to answer medical or lifestyle questions. To apply, you must be a UK resident.
There are other important factors that you need to be aware of on both types of plan, so please read all the information available.
It depends on your individual circumstances. You may want to think about leaving a lump sum to your dependants or help clear an outstanding mortgage on your death during the length of your policy. If you'd like more help our life insurance calculator may be useful or speak to your financial adviser if you have one.
We had over 9.5 million customers in the UK for our life assurance, pensions, investments and general insurance plans, as at 30 June 2018.