Life insurance
What is life insurance?
Life assurance is a policy that pays out a lump sum to your surviving spouse or dependents should you pass away or be diagnosed with a terminal illness (diagnosed to die within 12 months) during the term of the policy, in order to provide for or pay off your mortgage in the event of your death. The cost of a policy is determined by a number of factors including the sum assured your age, health and lifestyle.
Life insurance can provide peace of mind that your loved ones would be financially protected if you were to pass away. The lump-sum payout they would receive can be used to pay vital bills like a mortgage or rent or to help with the cost of bringing up children. Even though it will not help bring back loved ones, it can provide them with financial security after you have passed.
How much does life insurance cost?
The cost of your premiums will depend on your age, health, occupation, whether you smoke, the amount of cover you take out and the length of the policy. We compare the leading life insurance companies in the country, to make sure we can find the best cover for you and your family.
What you need to get a quote
In order for us to get the best possible quote, we’ll need to know more about you. The type of things we will ask include:
Information about your health
Insurers will need details about you and your family’s health and medical history, including pre-existing medical conditions.
Information about your lifestyle
Insurers will also ask about your lifestyle habits, including whether you smoke and drink.
Your age and occupation
The younger you are when you take out a policy, the cheaper it’s likely to be. Your occupation can also affect how much you pay.
Your partner’s details
If you want joint cover, you’ll need to have your partner’s health and lifestyle details to hand, as well as their occupation.
