Personal Protection/Life Insurance

    Life insurance that gives your family real security

    If something happened to you, could your family keep up with everyday costs? The right life insurance means they wouldn't have to worry.

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    Life insurance pays out a lump sum (or income) to the people who depend on you if you pass away. It's for anyone with a partner, children, a business or debts — not just homeowners. We'll match you with a specialist adviser who finds the right cover for your circumstances.

    Who is life insurance for?

    Life insurance is for anyone who has people depending on them financially — parents, partners where one earns more, homeowners, and business owners with commitments. If someone would struggle financially without your income, it should be a priority.

    Types of life insurance your adviser can arrange

    • Term life insurance — covers you for a set period (e.g. 25 years); pays a lump sum if you die during the term.
    • Whole of life insurance — covers you for life, with a guaranteed payout whenever you pass away.
    • Joint life insurance — covers two people under one policy, often used by couples.
    • Family income benefit — pays a regular monthly income to your family instead of a lump sum.

    What you might need to hand

    • Details of your income and dependants
    • Any outstanding debts (including a mortgage)
    • Details of any existing cover
    • Information about your health

    Frequently asked questions

    How much life insurance do I need?

    It depends on your debts, income, dependants and the lifestyle you'd want to leave your family. An adviser will help you work out a suitable level of cover — there's no obligation.

    What's the difference between level and decreasing cover?

    Level term cover pays out the same amount throughout the policy. Decreasing term cover reduces over time and is often used alongside a repayment loan or mortgage.

    Can I get life insurance with a health condition?

    Yes — many people with pre-existing conditions can get cover. Premiums may be higher or exclusions may apply, but specialist providers exist and an adviser can search the market for you.

    Is the payout taxed?

    Life insurance payouts are generally not subject to income or capital gains tax. They may form part of your estate for inheritance tax — writing the policy in trust can help. Your adviser can explain.

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    Get An Adviser is an introduction service. We do not provide personal financial advice — we connect you with qualified, regulated advisers who can assess your circumstances and advise where appropriate. All content on this site is for general information only and does not constitute financial advice. Please speak to a qualified adviser before making decisions about insurance or protection. Privacy Policy · Terms of Use