How does family life insurance work?
Family life insurance gives your dependants a lump sum if you die during the term of the policy. This can then be used for any purpose - whether to help pay off the mortgage, pay household bills, childcare costs or even to help cover funeral expenses.
Do I need family life insurance?
If you have a family that depends on your contribution then life insurance could be one of the smartest financial decisions you make.
Whether you’re bringing in an income or staying at home to look after children, then having life insurance will provide your family with a financial safety net.
Taking out life insurance forces you to think about death and we know that's not something most of us like to think about. However taking out a life insurance policy gives you the peace of mind that your family has some financial protection should you die.
Protection for when your family need it most
Life insurance could be more affordable than you think. In fact the younger you are when you take it out, the lower your monthly premiums will be.
For example a healthy 35 year-old non-smoker wanting £200,000 of level cover over 20 years could pay just £15.77 a month (rates are correct at 01/06/16 and are subject to change).
Relax and get on with your life knowing that your family will have financial help if you die.