Award-winning life insurance provider Legal & General were…
NatWest bank offers a variety of financial products and services, including life insurance, to customers throughout the UK and Ireland.
Life insurance from NatWest is provided by AIG Life Limited and can be purchased online via the NatWest website.
In this review, we delve into the key features and benefits of NatWest life insurance, to help you decide if they offer the right policy for you.
At Reassured, we can’t compare NatWest life insurance quotes. However, we can compare quotes from a panel of leading insurers, including AIG.
This can help you to choose from a wide range of policy options and compare quotes to find the best price we can offer.
We also have a team of experts on hand to provide you with any support or guidance if you need it.
Life insurance quotes start from just 20p-a-day † through Reassured.
As mentioned, NatWest life insurance is provided by AIG Life Limited which is a well-known and trusted insurer.
The table below shows Defaqto ratings for each of the AIG policies. Defaqto provides expert ratings for financial products and services to help customers make informed decisions.
|Policy||Defaqto rating (out of 5 stars)|
|Term life insurance||5 stars|
|Critical 3 with life assurance||5 stars|
|Guaranteed sixty-plus life insurance||4 stars|
This next table provides Fairer Finance ratings for AIG Life Limited. Fairer Finance also provide expert ratings for financial products and services.
|Brand||Fairer Finance claims score||Complaints performance||Transparency rating||Customer experience rating|
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Life insurance which is available through NatWest and provided by AIG is designed to provide a financial safety net for your family should anything happen to you.
It pays out a cash lump sum if you pass away during a set period (known as the ‘policy term’).
You’ll need to pay a monthly premium to AIG while your policy is in place. If your family need to make a claim, then this will also go through AIG.
If you have a partner and/or children who rely on you financially, it could be essential to take out life insurance.
You may also consider taking out life insurance later in life as your financial legacy, perhaps to help your loved ones cover funeral costs or to provide an inheritance.
As mentioned, Reassured can’t compare NatWest life insurance quotes however we can compare quotes for other types of life insurance, including policies provided by AIG.
Make the most of our award-winning, fee-free service today.
NatWest offer three main policy options, these include:
The option that’s right for you will depend on your personal circumstances, your budget and what you want your policy to protect.
See the different policy types explained below:
At Reassured, we can’t help you arrange a NatWest life insurance policy however we can help you arrange the following policies from other leading providers.
Contact Reassured for your free, no-obligation quotes for any of the policies above.
NatWest claim that 55% of their customers paid £12 or less per month for decreasing term life insurance last year.
However, the amount you pay for life insurance will depend on your personal circumstances and the policy you choose.
Factors which will affect the cost of your monthly life insurance premium include:
Below you’ll find example quotes for AIG term life insurance which is available through Reassured.
Quotes are based on a non-smoker in good health taking out a sum assured of £200,000 over a 20 year term:
|Age||Level term life insurance monthly premium||Decreasing term life insurance monthly premium|
Life insurance quotes vary significantly between insurers. For this reason, it’s essential to compare quotes, which could help you save money.
At Reassured, we can help you source multiple quotes within minutes from some of the UK’s best life insurance providers.
Make the most of our award-winning, fee-free broker service today.
Mortgage life insurance is simply a term life insurance policy that you can take out to help cover your mortgage.
Term life insurance will pay out a cash lump sum to your loved ones if you pass away during a set term (such as 25 years).
It’s ideal for helping to protect a mortgage because you can choose the lump sum (cover amount) to reflect that of your total mortgage debt.
You can also choose a set term that ends when your mortgage term ends, and when the debt is fully paid off.
If you have a mortgage and your family rely on your income to make the repayments, then life insurance could be essential.
However, it’s not a legal requirement to have life insurance in place when taking out a mortgage, whether that’s with NatWest or any other lender.
At Reassured, we can help you arrange level or decreasing term life insurance to protect your family and home should the worst happen.
Yes, you can get joint life insurance through NatWest - but this is only available with term life insurance policies.
Joint life insurance is essentially one policy which covers two people simultaneously.
If you’re in a couple and you have a joint mortgage and/or shared finances, then you may consider taking out a joint policy instead of two single policies.
You’ll only pay one monthly premium and only one pay out is made if you or your partner passed away during the policy term.
Joint life insurance can work out cheaper than having two individual policies which is why many people choose this option.
The table below shoes example premium prices for AIG term life insurance as a joint policy vs two single policies.
Quotes are based on a non-smoker in good health, taking out a level term policy over 20 years with a £200,000 sum assured:
|Age||Joint policy||Two single policies||% Saving|
It’s important to bear in mind that with joint life insurance, if one partner passes away during the policy term and a pay out is made, then the policy will expire.
This leaves the surviving partner without any financial protection.
We have a full joint life insurance guide which explains the pros and cons of this type of cover »
Yes, if you take out life insurance through NatWest, then you may be able to claim a free gift.
This is currently a gift voucher up to the value of £100 to spend at either Argos, Tesco or Amazon.co.uk.
You could either claim a £50 gift voucher if your monthly premium is under £11.99 or the full £100 gift voucher if your monthly premium is over £12.
The following terms and conditions apply
Many insurers offer free gifts to entice you to purchase directly with them, and it can seem like an attractive offer.
However, it’s important to shop around first before making a final decision to ensure you’re getting the right price for your life insurance.
This is because, in the long term, securing a cheaper policy could save you far more money than what the free gift is worth.
At Reassured, our team of life insurance experts can help you to compare multiple quotes within minutes from a panel of leading insurers. Contact our experts today for our best quotes.
If you choose to take out a life insurance policy through NatWest, then you may be eligible for some additional benefits at no extra charge.
|Smart Health access||All customers receive free access to the Smart Health app and website, provided by AIG. It includes access to a 24/7 virtual GP and a range of other health and wellbeing experts.|
|Home purchase benefit||Provides up to 90 days free home purchase cover if you’re in the process of buying a new home when your life insurance application is accepted. Cover will start when you exchange contracts and will end when the purchase of your new home is completed. Terms and conditions apply.|
|Mortgage guarantee||Available with decreasing term life insurance that’s taken out to cover your mortgage. If you pass away during the policy term and successful claim has been made, but your sum assured does not cover the outstanding mortgage debt, then AIG will pay the outstanding debt. Terms and conditions apply.|
|Separation benefit||Available with joint life insurance policies. Allows you to split one joint policy into two separate policies, without providing any new medical information, if you separate from your partner or rearrange your mortgage into one name. Terms and conditions apply.|
|Terminal illness cover||Available with level, decreasing and increasing term policies, as well as the critical 3 with life assurance policy. If you’re diagnosed with a life-threatening illness during your policy term, then a claim can be made for the whole cover amount. Your policy will expire once a successful claim is made.|
Life insurance policies arranged through Reassured also come with a variety of free benefits and optional extras.
For example, if you take out an AIG life insurance policy through us, you could be eligible for the same benefits as described above.
Find out all you need to know by getting in touch.
Life insurance is designed to protect your loved ones should anything happen to you, therefore, it’s important to be fully informed when choosing your policy.
It’s also important to compare multiple quotes, as different insurers will offer you different quotes based on your circumstances.
At Reassured, we can help you to find the best quotes we can offer from our panel of leading insurers.
You can choose to use our buy online service, or you can speak to one of our life insurance experts over the phone.
A member of our friendly team can support you through the entire application process if required, as well as answer your questions and explain any confusing jargon.
Get free, no-obligation and personalised quotes via our award-winning broker service and protect your loved ones starting today.
The information used in this review is correct as of 04/05/2023 and is subject to change at any time at the discretion of NatWest
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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