Conduct a comprehensive life insurance comparison using our…
While it can be hard thinking about what will happen to your family when you’re no longer around, planning for the future can help to secure their financial security.
A life insurance pay out can help your loved ones keep up with essential financial commitments and other key costs.
Not only that, but you can live with peace of mind knowing that your loved ones would be taken care of financially, should the unexpected happen.
Compare family life insurance quotes through the UK’s largest life insurance broker, Reassured * .
A friendly member of our team can take your personal circumstances into consideration and provide you with our most suitable quotes.
Quotes are fee-free and start from just 20p-a-day, why not get in touch?
Life insurance is a policy that can pay out a lump sum to your loved ones if you pass away during the term.
Often referred to as ‘family life insurance’ as the funds are typically left to your family to help them cover essential living costs.
There are various policy types available to meet differing needs.
Some policies provide cover for a specified period while others offer lifelong cover. The one that’s right for you will depend on the specific needs of you and your family.
Watch our short video explaining what life insurance, is and why most UK families would benefit from having it:
Comparing family life insurance quotes can allow you to find the right policy for your personal circumstances at a great price.
Reassured can help you compare family life insurance quotes from leading UK insurers, free of charge.
We’ve helped over 2,000,000 UK families find affordable cover.
Arranging family life insurance is vital to help provide financial stability for your loved ones should the worst happen to you.
It’s a sad fact that a child loses a parent every 22 minutes in the UK. This highlights the importance of securing the right financial protection for your loved ones.
A life insurance policy can give you peace of mind that your family could continue their current lifestyle without needing to make drastic cutbacks.
Life insurance involves making monthly payments (known as premiums) to an insurer who will then pay out a cash lump sum if you pass away during the policy term.
How much life insurance you need will depend on what you want to protect for your family.
Taking into account all the aspects within your life that you’re looking to cover (mortgage, family living costs, funeral costs, inheritance) can allow you to determine an adequate level of cover.
UK statistics to help you calculate the level of cover you may require:
There are a variety of life insurance policies, with each type being well suited to protecting different aspects of your life.
The policy that’s best for you and your family will depend on what you want to protect.
Life insurance can be split into two categories; term-based cover and life assurance (cover which lasts for life).
Most commonly, term-based life insurance is secured to protect a family as you can have the policy term align with important milestones, such as when the mortgage will be paid off or once your children reach financial independence.
The term-based options we offer at Reassured include:
However, if your budget allows and you’d like to guarantee loved ones a pay out (perhaps to provide them with an inheritance or to help them cover the cost of your funeral), then you may consider life assurance.
The life assurance options available through Reassured include:
Family life insurance can be secured through Reassured from as little as 20p-a-day.
Life insurance premiums are calculated based on risk to the insurer. Therefore, the exact price you pay will be assessed using your personal circumstances (this is known as the underwriting process).
During the application you’ll be required to provide the following information:
The underwriting process will determine the level of risk you pose and your premiums will be calculated accordingly.
The table below shows example premium prices for a level term life insurance policy. Quotes are based on a non-smoker, in good health, with a policy term of 20 years and £100,000 of cover:
As you can see from the table above, the price you pay for cover can vary between insurers - highlighting the importance of comparing multiple quotes.
When comparing quotes through Reassured we can provide you with our most cost-effective deals from some of the UK’s biggest insurers.
Our main aim is to find you affordable family protection, so why not get in touch?
Yes, it’s possible to have more than one life insurance policy in place to protect your family.
As each policy type is well suited to protecting different aspects of your life, you may choose to secure multiple policies simultaneously.
For example, a decreasing term policy to protect a repayment mortgage alongside a level term life insurance policy to protect family living costs.
An expert member of our team can provide you with all the information you need to make a fully informed decision on what’s best to protect your loved ones.
Yes, it’s now possible to buy family life insurance online.
If you know what costs you’d like to cover for your family and what policy is required, you can quickly and easily secure a policy online.
Buying family life insurance online allows you to:
To find out how to buy life insurance online, check out our in-depth guide for more information »
Yes, it’s possible to write family life insurance in trust.
Writing your life insurance policy in trust allows your loved ones to make the most of your selfless investment.
Reassured offer a FREE trust writing service with the majority of the policies we arrange.
Simply contact our customer service team today for more information.
To ensure you secure a great deal on your family life insurance, it’s essential to compare quotes.
Our award-winning brokerage can help you compare quotes from some of the UK’s best life insurance providers.
We can also provide all the information you need to make an informed decision on what’s right for you and your family.
Quotes are fee-free and start from just 20p-a-day.
We’ve arranged life insurance for millions of UK families, so why not get in touch to take the first steps in protecting your loved one’s future.
When should I think about getting life insurance?
Life’s big events tend to spark the thought of arranging life insurance, such as:
These are all good reasons to secure life insurance to ensure there are funds in place should the worst happen.
Even if you haven’t yet experienced a major financial change in your life, it could still be beneficial to secure cover to lock in the cheapest premium possible.
How can I make sure my family is protected?
You can protect your family by taking out the right financial protection.
Hopefully this article has helped to outline what options are available and given you an idea of what might be suitable for your needs.
By using an FCA-regulated life insurance broker, such as Reassured, you could save time and money by comparing a variety of quotes at once.
What does life insurance cover?
Generally speaking, life insurance policies cover all manners of death.
Regardless of whether the death occurred as a result of accident or natural causes, it’s possible for a valid claim to be made.
What can a life insurance pay out be used for?
A life insurance pay out can be used to cover whatever your loved ones need after your passing.
Most commonly, a life insurance pay out is used to cover rent/mortgage payments, daily living costs and the cost of your funeral.
It’s also possible for the pay out the be left as a cash gift in the form of an inheritance or a charity donation.
Should I consider a joint life insurance policy?
Arranging joint life insurance could help you and your partner save money (on average up to 25% compared to two single policies).
A joint life insurance policy covers two lived simultaneously under one policy.
This means there’s only one application to fill out and one premium to pay. However, this also means there’s only one pay out (usually after the first death).
Once the policy has paid out, cover will expire and the surviving partner will need to secure new cover (potentially at an older age with more expensive premiums).
Securing two single policies may be a little more expensive but it means you’ll provide two separate pay outs if the worst happened.
What is the average life insurance cost per month?
The average cost of life insurance in the UK is currently £38.15 per month^, according to our internal research.
We calculated this average premium price from 142,576 term life insurance policies sold between 08/09/21 - 08/09/22 with an average sum assured of £151,972.
However, the cost of your life insurance could be much less than this. The actual cost of your policy will depend on your personal circumstances such as age, health and smoking status.
The below shows the average cost of life insurance for the most common policy types:
What happens if I outlive my life insurance?
If you outlive the term of your life insurance policy, your cover will expire and no pay out will be made.
If you find yourself in this situation, you may wish to seek out new cover to meet your new circumstances.
Do I need a family to secure life insurance?
No, while life insurance is often secured to protect a family, you don’t need a family in order to obtain cover.
Life insurance could also be beneficial for:
^This information has been gathered from our internal sales data and is the average price of all term life insurance policies (both level and decreasing term) sold to our customers, of all applicable ages, over a 12-month period. The sum assured will vary. Data is correct as of 22/09/2022
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Yes very pleased with my choice very helpful easy to understand and very pleasant transaction all good!Mrs M Rushworth
Very professional and reassuring. Life insurance sorted in about 10 minutes.Stephen Davies
very courteous and friendly. Polite professional and empathic.Stedroy Fenton
Another happy customer I am. They are very professional and kind. Fully communicative. I recommend.Piotr Stepien
Really attentive during the call, good clear guidance throughout. Well done.Michael Reynolds
Amazing service quick fast and easy and Joey was a star on the phone really help me thanks.Sera Woolley
I made the right choice and now I feel relieved that I did.glyn
Really genuine kind and compassionate team with great knowledge and friendly approach highly recommend them!Katelia Merritt
I must say Jake took me through every step and was brilliant, recommend them anytime.Allan Green
Very happy and everything explained well, so glad a took the time to take the call, normally I would say I'm busy. But compared to other company's we save so much more money.Jenny Berry