Life insurance provides a level of financial cover for your family/loved ones in the event that you were to pass away.
These policies have been created to payout a lump sum and help cover every day costs such as household bills, childcare or mortgage payments. It can also be used towards funeral costs which are often missed out of financial planning.
Your policy fee will usually be dependant on the value of cover and how long you need it for. You can find this out by using the below form to get a free life insurance quote that suits your needs.
Households in the UK have mortgages.
Average outstanding mortgage debt in August 2018.
Average price of household bills for a year.
Approximate number of UK adults at risk of losing their home if the main breadwinner was to pass away.
Average funeral cost - more than double the cost than in 2004.
The need for life insurance is usually dependant on your current life situation, as those who have a mortgage to pay or a family to look after, will want to ensure everything is covered in the unfortunate event that you passed away.
Given that such a large percentage of UK residents require monthly income to cover the costs of living, everyone should consider protecting their families ability to pay these bills. Today.