Quotes 404 – Life Insurance | MyLifeInsurance
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Protect your future with life insurance

Why Life Insurance Matters

Life insurance offers your family financial security and peace of mind, helping them stay protected if the unexpected happens. Here’s how it can make a difference:

Covering daily expenses:

Ensures your loved ones can maintain their lifestyle, covering essentials like groceries, bills, and household costs even if you’re not there to provide for them.

Paying off debts:

Helps clear outstanding financial commitments such as mortgages, loans, or credit cards, so your family isn’t burdened by repayments during a difficult time.

Education & future planning:

Provides funds for your children’s education or other long-term goals, ensuring their future is secure and uninterrupted.

Funeral & final expenses:

Supports your family with the costs of funeral arrangements and other end-of-life expenses, easing the financial and emotional strain.

Flexible policy options:

Offers the ability to choose from term life insurance, whole-of-life coverage, or add-ons like critical illness protection, so your policy is tailored to your needs and circumstances.

Secure Your Family’s Finances:

Life insurance in the UK gives families reassurance that bills, mortgages, and other financial responsibilities will be taken care of, even if the unexpected occurs.

FAQs:

What is Life Insurance?

Life insurance is a type of financial protection that provides a lump sum to your family or dependents if you pass away during the policy period. In the UK, it’s designed to give peace of mind by helping cover things like mortgage payments, everyday bills, or other financial obligations.

How Does Life Insurance Provide Financial Protection?

Life insurance provides security by having you pay regular premiums to an insurer in exchange for a guaranteed payout if you pass away during the policy term. This tax-free lump sum goes to your chosen beneficiaries and can help pay off debts, such as a mortgage, replace lost income, or support your family’s day-to-day expenses. Policies vary — for example, term life insurance covers a specific period, while whole-of-life insurance offers coverage for your entire lifetime.

Why Should I Consider Life Insurance?

Life insurance acts as a financial safety net for your loved ones if you were to pass away. For example, if you are the main income earner for a family, a policy can help replace your earnings with lump sum, reducing financial stress during a difficult time. The payout can cover everyday bills, mortgage repayments, education costs, or outstanding debts. Additionally, it can provide a lasting legacy, whether supporting your family or contributing to a charity you care about.

What Does Life Insurance Cover?

Life insurance can provide financial protection for your family in several ways:

Support for your family: A payout if you pass away during the policy term, helping with daily living costs and bills.

Terminal illness benefit: Many policies include an early payout if you’re diagnosed with a terminal condition, giving your loved ones extra security.

Debt protection: Cover outstanding loans, mortgages, or other financial obligations.

Funeral expenses: Assistance with end-of-life costs to ease the burden on your family.

Optional extras: Some plans allow add-ons, such as critical illness cover, for broader protection.

*From £10 per month for up to £300,000 is an example based on the following pricing illustrations.

£10 per month Life Insurance quoted rates are based on level term life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as on 7th February 2025.

  • £322,952 over 20 years - 30 year old born in 1995 (Aviva)
  • £197,619 over 20 years - 35 years old born in 1990 (Aviva)
  • £159,606 over 15 years - 40 year old born in 1985 (Aviva)
  • £92,280 over 15 years - 45 year old born in 1980 (Aviva)
  • £67,652 over 10 years - 50 year old born in 1975 (Aviva)
  • £37,971 over 10 years - 55 year old born in 1970 (Aviva)
  • £20,242 over 10 years - 60 year old born in 1965 (Aviva)
  • £12,368 over 10 years - 65 year old born in 1960 (Aviva)
  • £7,497 over 10 years – 70 year old born in 1955 (Aviva)

*From £5 per month for up to £100,000 is an example based on the following pricing illustrations.

£5 per month Life Insurance quoted rates are based on level term life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as on 7th February 2025.

  • £117,810 over 20 years - 30 year old born in 1995 (Aviva)
  • £75,745 over 20 years - 35 years old born in 1990 (Aviva)
  • £56,577 over 15 years - 40 year old born in 1985 (Aviva)
  • £35,960 over 15 years - 45 year old born in 1980 (Aviva)
  • £26,787 over 10 years - 50 year old born in 1975 (Aviva)
  • £17,018 over 10 years - 55 year old born in 1970 (Aviva)
  • £10,115 over 10 years - 60 year old born in 1965 (Aviva)
  • £6,181 over 10 years - 65 year old born in 1960 (Aviva)
  • £3,746 over 10 years - 70 year old born in 1955 (Aviva)