Smart life insurance review

Smart life insurance is an offering from Smart Insurance.

Their cover starts from just £3.57 a month for their Guaranteed life insurance^{^} or £6.74 for their Family Life Insurance^**.

Unfortunately, we can’t compare life cover from Smart Insurance for you at Reassured.

However, we can compare quotes from some of the UK's leading providers, with cover starting from as little as 20p-a-day^*.

By using our service to compare quotes you can find the best deal.

Are Smart Insurance the right insurer for you? Keep reading this comprehensive review to find out...

You can take out Smart Insurance guaranteed life insurance as a single or joint policy.

Joint life insurance covers two lives simultaneously under one policy.

As a result, you can save up to 25% compared to two single policies.

However, you’ll only be able to make one claim (usually in the event of the first death).

Once the claim has been made, the policy will expire and the surviving partner will need to obtain new cover.

At Reassured, we offer a range of policies that can be taken out on a single or joint basis.

By using an FCA regulated broker service you can quickly and easily compare both single and joint policies to ensure you’re getting the right cover.

Generally speaking, the amount you pay for your monthly life insurance premium will be agreed when you take your policy out and this is the amount you’ll continue to pay.

Smart life insurance gives you the option to choose from two different premium types.

These are:

All policy premiums from Reassured are fixed, meaning you don’t have to worry about any future increases in your payments.

With a Smart life insurance policy cover can last for life.

If you choose an age-based policy, as long as you continue to pay your premiums, cover will remain in place for the rest of your life.

You’ll begin to receive free cover from Smart Insurance after the policy anniversary following your 95th birthday.

A standard whole of life policy from an alternative provider, such as those on our panel of insurers at Reassured, will continue to provide cover for the rest of your life.

However, it will also require premium payments to continue until you pass away.

As a result, it’s possible to pay more into the policy than the overall sum assured. As a result, it’s ideal for those later in life with favourable health.

With a standard whole of life insurance policy you can also receive a much greater sum assured when compared to an over 50s plan, although you’ll have to provide some medical information.

Smart Insurance offers optional critical illness cover that can be added to a Smart life policy for an additional cost.

You can make a critical illness claim if you become seriously ill with a life-changing condition (such as some types of cancer, heart attack or stroke).

This pay out can help to cover living costs if you’re left unable to work, pay medical bills or make adaptations to your home.

Your critical illness cover amount can be up to 50% of your life insurance sum assured.

Your life insurance pay out won’t be affected by a critical illness claim. Therefore, if you pass away, your loved ones will still receive a pay out.

Critical illness can be added to a term life insurance policy taken out through Reassured, you can choose to have a pay out of your full sum assured or a partial amount.

While accident insurance works in a similar way to life insurance, providing a lump sum pay out to your loved ones, it’s used for different purposes.

Accident insurance will provide a lump sum pay out if you suffer an accident that causes serious injury.

If you’re left unable to work, have family living expenses to pay for or need to pay off medical bills, a personal accident pay out could cover all of this.

You can choose a sum assured from £30,000 up to £500,000 and anyone in the UK (aged 18 – 69) is guaranteed acceptance.

This type of cover can also be taken out on a joint basis.

Unfortunately, we don’t currently offer personal accidental insurance at Reassured.

A life insurance pay out will be made on receipt of a successful claim.

The pay out will be paid to the named beneficiary (or beneficiaries).

99.4% of all life insurance claims to Smart Insurance are paid out.

If you’re making a terminal illness claim, 100% of your sum assured will be paid out to you.

Whether Smart life insurance is a good choice for you will depend on your own unique needs.

The above information should give you an indication as to whether you think Smart life insurance would meet all of your needs.

To find the most suitable cover it’s wise to compare offerings from different providers to ensure you know what’s out there, and that the cover you’re getting really meets your needs.

Contact Reassured for all of the information you need to make an informed decision.

https://www.smartinsurance.co.uk/

Disclaimer: The information in this article is correct as of 18/03/21 but is subject to change. We will aim to keep this article as up to date as possible

^{^}For a 30-year-old on an individual policy with £2,000 of cover

^**This is based on a 32-year-old non-smoker for £100,000 of cover