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Life insurance

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Life insurance is a vital part of financial planning for anyone who has dependents. By ‘dependents’, we’re referring to those whose circumstances and material wellbeing would be affected by your death. So that means your partner, your children or anyone else who is financially reliant on you.

If you have a partner and children, then the two of you should think about life insurance, regardless of whether one or both of you are earning. After all, how would the family cope if the partner who stayed at home were to die? The survivor couldn’t just give up work to care for the house and children, so money would be needed to make alternative arrangements.

All this can be a delicate and even difficult topic to think about, which is why many people fail to act. But not doing anything puts their loved ones at grave financial risk. That’s why it’s crucial to grasp the nettle and get your life insurance – and that of your partner, if you have one

– properly sorted out.

How does life insurance work?

Life insurance comes in a variety of forms. At its simplest, it pays out an agreed amount, either as a lump sum or as a regular income, if you die within a specified period – known as the ‘term’. Hence its name: term insurance.

You choose the amount to be paid – the ‘sum insured’ – and you decide the length of the term. But how do you reach your decisions? What factors should you take into account? What are the implications for the size of the premium of each decision you make?

We’re here to answer these questions. And help you find the best deal for your circumstances from the UK’s leading life insurance providers.

Protection equals peace of mind

Deep down, we all know we have a responsibility to provide for our dependents. It you have a family, it comes with the territory – it’s as simple as that.

But the business of everyday life can sometimes get in the way – so much to do, so little time.

That said, if you’ve got this far, you clearly understand your responsibilities and want to do something about them.

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