How does life insurance work?
It’s not about you. It’s about them. Our cover is term life insurance and will pay out a sum of money if you die – or if you’re diagnosed with a terminal illness as we define it, and you’re not expected to live more than 12 months. Here are a few things to think about before choosing your cover.
And if you’re unfamiliar with the language of life insurance, look up any terms you don’t understand in our life insurance glossary.
Do you need life insurance?
Take the time to think about how much money your loved ones might need to keep their standard of living if you were to pass away. This might include costs such as bills, mortgage repayments, school fees and any other debts you might need to repay.
How long do I need cover for?
Think about how long your dependants will need your financial support.
Joint or separate life insurance policy?
If you and your partner would like combined cover, you can take out a joint policy. This pays out once and won’t provide cover for the second person after the first person passes away.
Another way would be to each take out a separate policy. So once we pay out for one person their policy will end – but the second person’s policy will continue.
Discover more in our article about choosing between joint and separate policies.
How does life insurance work?
It’s not about you. It’s about them. Our cover is term life insurance and will pay out a sum of money if you die – or if you’re diagnosed with a terminal illness as we define it, and you’re not expected to live more than 12 months. Here are a few things to think about before choosing your cover.
And if you’re unfamiliar with the language of life insurance, look up any terms you don’t understand in our life insurance glossary.
Do you need life insurance?
Take the time to think about how much money your loved ones might need to keep their standard of living if you were to pass away. This might include costs such as bills, mortgage repayments, school fees and any other debts you might need to repay.
How long do I need cover for?
Think about how long your dependants will need your financial support.
Joint or separate life insurance policy?
If you and your partner would like combined cover, you can take out a joint policy. This pays out once and won’t provide cover for the second person after the first person passes away.
Another way would be to each take out a separate policy. So once we pay out for one person their policy will end – but the second person’s policy will continue.
Discover more in our article about choosing between joint and separate policies.
