There are two life insurance policies offered by Smart Insurance, these are:
1) Family life insurance
Family life insurance will provide financial protection for your loved ones if the worst were to happen.
This type of cover is available to UK residents aged 18 - 64.
You can take out a sum assured of £60,000 - £750,000.
A pay out from this type of cover can help your loved ones to pay off a mortgage (or other large debts) if the worst were to happen.
At Reassured we can arrange family life insurance from just 20p-a-day…
2) Guaranteed life insurance
Guaranteed life insurance is designed for those on a tight budget who want some form of protection in place for their loved ones.
UK residents aged 30 - 80 are guaranteed acceptance for this type of cover.
This is because, unlike family life insurance, no health or medical questions are asked during application.
Cover starts from £3.57 a month and, as a result of these cheap premiums, you can choose a lesser sum assured from £2,000 up to £20,000.
The amount of cover you can take out will be determined by your age, for example:
- 30 to 54 - up to £20,000
- 55 to 59 - up to £17,000
- 60 to 64 - up to £13,000
- 65 to 69 - up to £12,000
- 70 to 74 - up to £9,000
- 75 to 80 - up to £6,000
As long as you continue to pay your premiums, cover will last for life.
This pay out can be used to help cover funeral costs or any other costs that may occur as a result of you passing away.
When taking out a guaranteed life insurance policy it’s important to know that for the first two years of the policy your loved ones will only receive a pay out if your death is accidental.
After the first two years, there are no exclusions.
If you’re at the younger end of the age scale (30 – 50 years) you could secure term life cover through Reassured for a similar price but with a much higher sum assured.
Allowing you to provide a higher level of protection for your family.