Life insurance types
Not sure which policy is right for you? Compare the main types of cover below and click through to learn what each one includes.
Level term life insurance
A fixed lump sum paid to your loved ones if you pass away during the policy term.
- A fixed cash lump sum for your beneficiaries
- Mortgage balance, living costs or other debts
Decreasing term / mortgage protection
Cover that reduces over time, often used to pay off a repayment mortgage.
- Outstanding balance on a repayment mortgage
- Other debts that reduce over time, such as loans
Whole of life insurance
A guaranteed payout whenever you die, as long as premiums are maintained.
- A guaranteed lump sum on death at any age
- Funeral costs and final expenses
Critical illness cover
Pays a lump sum if you are diagnosed with a specified serious illness.
- A lump sum on diagnosis of a specified critical illness
- Income replacement while you recover
Family income benefit
Pays a regular income to your family if you die during the policy term.
- A regular monthly or annual income for your family
- Day-to-day living costs such as food, bills and school fees
Over-50s life insurance
Guaranteed acceptance for UK residents aged 50 to 80, with no medical questions.
- A fixed cash sum when you die
- Funeral costs and final expenses