Beginner's guide to Life insurance

What is life insurance?

Life insurance provides financial help for your family when you die and they can no longer rely on your income. It sounds a little morbid, but you wouldn't leave your home uninsured, or drive your car without insurance, so why wouldn't you financially protect your family too?

It can be used to help pay off debts, a mortgage or your funeral expenses (if you haven't already got this covered). It can even be used for day to day expenses - anything the money is needed for.

Do I need life insurance? Andrew’s story

father and daughter

Andrew was a management consultant, living with his partner and their teenage daughter.

Andrew’s job took him away from home a lot, so at weekends he loved going for family walks along the beach with their spaniel.

Andrew’s dad had died suddenly from a heart attack a few years earlier, and Andrew had seen how difficult it was for his mum to get by with the few savings they’d put away…

Do I want protection against critical illness?

Life insurance isn't just about dying. Some plans help to financially protect you if you suffer one of the critical illnesses covered. Your children may also be covered too.

Find out more by visiting our Critical Illness Cover page

How long do I want protection for?

Your plan can last however long you need it. That might be until you retire, you've paid off your mortgage or up until the day you die. You just need to figure out what works best for you.

How much can I afford?

The cost of your insurance depends on how long it lasts, how much protection you want, any options you add and your personal circumstances. A smoker for example, pays more than a non-smoker.

What do you want to protect?

Life insurance pays a cash sum to help your family with whatever needs they have. This could be household bills, childcare or a mortgage.

You should also think about other potential costs such as supporting children through education.

Life insurance extras and benefits

We offer a handful of optional extras and automatic benefits (which may depend on whether you have chosen life cover only, or life cover and critical illness).

Add cover for your children

Add children’s benefit and we’ll pay up to £25,000 if your child is diagnosed with one of the same 40 conditions you are covered for. Available on a life cover and critical illness policy only.


Multi-Fracture Cover

Add multi-fracture cover for a small fixed cost per month and we’ll pay a lump sum of up to £6,000 if you break a bone, dislocate a joint, rupture your Achilles tendon or tear a knee ligament. Available on both a life cover and a life cover and critical illness policy.

Some activities pose a higher risk of injury than others, so there are some exclusions to our cover. To find out more please refer to the Key Features document.

Separation benefit

Automatically included. If you have a joint policy and you separate or divorce, you can cancel this policy and start individual policies for one or both of you, without needing to provide any more medical information.


Making changes to your policy

Automatically included. If something changes in your life, like buying a bigger home or having a baby, you may be able to increase your cover without giving us any more details about your health or activities. Bear in mind that increased cover will result in increased premiums.


Ready to get life insurance?

Along with life insurance, there are some other bits and bobs you might want to think about too. Have a look at our life insurance product page to understand your options.

Life insurance

Read our magazine

At some point in our lives, most of us will need life insurance.

Our magazine article will help you to understand when you might need it.

Read our article