Kompare will assist you every step of the way. We work and kompare prices from the UK’s leading life insurers so you don’t have to.
Finding cheap life insurance is just one click away.
By taking out a life insurance plan, it will help protect your loved ones financially if the worst were to happen or you become unwell. Your family will receive a pay-out which they can use to cover costs for things such as funerals, and any outstanding debt.
Many people will choose to take out a life insurance policy due to key life changes. For example, buying your own home, getting married, or having children. By taking out a life insurance policy, you will be given the peace of mind that your loved ones are protected and looked after, should anything happen during the term of the policy.
At the end of the day, taking out life insurance is for them. Make sure your loved ones are covered today from as little as £6-per-month.
This will pay your dependents money as a lump sum or as regular payments if you pass away. It’s designed to look after your dependants after you’re no longer there to provide for them. The level of cover you take out will affect the amount of money that’s paid out and you can also decide how it’s paid out (e.g. covering the mortgage, rent etc.)
Unfortunately, regular life insurance will not cover you if you’re hit with a critical illness. Luckily, you can take out a policy that covers you if said event takes place. Critical illness cover pays out a tax-free lump sum if you’re diagnosed with an insured medical condition during the term of your policy.
This policy type guarantees that an insurance provider will pay out a tax-free lump sum to your dependants when you pass, rather than within a fixed time frame. However, if you live beyond the term, your plan has no cash-in value.
We understand that taking out life insurance can seem quite daunting. That’s why we’ve put together a collection of FAQs to answer any questions that you may have.