What is Life Insurance?

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

How does Life Insurance work?


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.

  • Premiums from only £6 a month depending on your individual circumstances
  • Your cash sum could help pay the mortgage or help with everyday living expenses
  • Peace of mind for you knowing life insurance can help financially protect your loved ones
  • Option to add Critical Illness Cover for an additional cost when you take out your policy

Do I need Life Insurance?

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.