LIFE INSURANCE - try our quick and easy form

Life insurance deals to
protect your loved ones

Life insurance deals to
protect your loved ones

Get your quote in two minutes

Get a quote

4.5

From verified customer reviews

Why get life insurance?

What if the unthinkable happened to you? With the rising costs of living, life insurance could be more important than ever. From keeping the roof over their heads, to paying the ever-increasing bills, life insurance means you can keep providing the things that really matter even after you're gone.

What is life insurance?

Life insurance provides financial support to your dependants in the event of your death. The pay-out from the policy can be used to clear debts, such as the mortgage, credit card balance or personal loans, and to cover ongoing household expenses.

Quotes from top insurers:

What are the options when it comes to life insurance?

Let’s take a quick look at the different kinds of life insurance policies to find out if there’s one that suits you.

Term life insurance

Term life insurance covers you for an agreed period of time, for example 30 years. This is the ‘term’ of the policy. This type of insurance is often taken out to cover a loan, like a mortgage, or to cover an ongoing financial obligation, like raising children, or can even be used to cover the costs of a funeral.

Whole of life insurance

This type of insurance covers you for the whole of your life, rather than a fixed period of time. You pay into a policy, and the insurer agrees to pay your loved ones in the event of your death, no matter when that might be.

Joint life insurance

If you have a partner and want to make sure that your other half, and children, will be looked after if one of you should die, then a joint life insurance policy could be right for you. It insures two people at the same time, and pays out if one of you passes away.

Critical illness & children's cover

Critical illness cover and children's cover pays if you or a insured child fall seriously ill, usually with a single lump sum payment. It’s important to make sure that you know what critical illnesses are covered by your policy, and what length of time your policy covers.

Terminal illness cover

Terminal illness cover will pay your family a lump sum if you’ve been diagnosed with an illness from which you will die in the next twelve months. Having terminal illness cover can help you all by easing your financial worries during this time.

Over 50's life insurance

If you’re aged 50 to 80 and a UK resident, you can get cover in place right away. An Over 50s life cover policy provides a fixed lump sum when you die, helping you care for your loved ones, as a gift, to settle unpaid bills or help pay for your funeral.

Get your quote

What to consider when taking out life insurance?

1

Cover amount

The income your family or dependants will need to cover living costs without your contribution – mortgage or rent, debts, childcare, education and funeral costs.

2

Length of policy

Think about your circumstances and how they might change with time. For example, how long your dependants will need financial support or when your partner expects to retire.

3

Joint vs single life policy

A joint policy can often be cheaper, but it only pays out once – when the first person dies. With separate policies, when one pays out, the other policy will continue.

More questions? we've got you covered...

Life insurance is a vital part of financial planning for anyone who has dependants. By ‘dependants’, we mean anyone whose circumstances and material wellbeing would be affected by your death – for example, your partner, your children or anyone else who is financially reliant on you. Thinking about your death and its inevitable impact on your family’s circumstances is difficult – and many people simply shy away from the topic. But not doing anything could put loved ones at financial risk. That’s why it’s important to confront the issue and take out life insurance.

In most cases, the most effective form of life insurance is called ‘term’ insurance. This type of policy pays out an agreed amount – the ‘sum insured’ – either as a lump sum or as a regular income, if you die within a specified period – known as the ‘term’. You choose the size of the pay-out and the length of the term. For example, you may decide to have cover in place until your children are grown up and have left home.

Life insurance policies can start from just £5 a month. However, the cost will vary depending on factors such as your age, health, occupation, whether you smoke, length of the term and whether you choose add-ons such as critical illness cover. supacompare.com found that smokers on average pay £18 more a month for life insurance compared to non-smokers. And adding critical illness cover, which pays out on the diagnosis of one of a list of serious medical conditions, typically increases your payments by almost £28 per month.

As a rule of thumb, the earlier you take out life insurance, the cheaper your policy will be. If you’re in your 20s life insurance is unlikely to be a priority. But supacompare.com research shows that taking out a policy in your 20s can be as much as two times cheaper than taking out cover in your 40s. The reason for this is simple - insurers consider you less likely to make a claim the younger you are. The chart below shows the average monthly premium for life insurance depending on the age of the policyholder. But keep in mind each insurer will differ in how much emphasis they give to factors such as your occupation, medical history and lifestyle, so your personal quote is likely to be different. Whether you’re buying your first home, getting married or thinking about having children, taking out life insurance as a young adult can be a cost-effective way to plan for your financial future.

You can compare a wide range of life insurance policies on our comparison tables. And if you take out life cover through supacompare.com, you will receive a £50 voucher from Amazon Your voucher of choice is redeemable within 40 days of your third life insurance payment. T&Cs apply. You can find out more by pressing here.

Please read the following information about our service by visiting https://supacompare.com/life/terms-and-conditions