Life insurance for teachers

As a teacher, it’s important to have the right life insurance in place to protect your loved ones, in case the worst were to happen.

Many perceive the process of taking out life insurance to be complicated, but it doesn’t have to be.

By using an award-winning broker service, like the one we provide at Reassured, you can compare quotes from multiple providers to find the right policy to meet your needs.

We can secure affordable life insurance for teachers from as little as 20p-a-day † .

Continue reading to find out how to secure suitable teachers life insurance…

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Do teachers have life insurance UK?

Unfortunately, most teachers don’t get life cover through their employment.

In the UK, it’s more common for teachers to only be eligible for a death in service benefit.

This is a pay out from your employer if you pass away during your time in service.

However, once you leave the position, your death in service benefit expires, leaving your life unprotected.

Therefore, if you’re a teacher, it’s wise to take out your own life cover to protect your loved ones in the event of a worst-case scenario.

Being a teacher won’t affect the life insurance options available to you, meaning there’s a wide variety of policies at your disposal.

Use our fee-free broker service today to compare life insurance quotes for teachers to find the cover you need.

Do teachers need life insurance?

Whether you need life insurance will depend on your own personal needs.

Generally speaking, we believe most people would benefit from some form of life cover to help protect their loved ones financially if they were no longer around.

Without adequate life insurance protection, would your loved ones be able to cover:

  • Mortgage or rent payments
  • Daily family living costs
  • Additional childcare
  • Outstanding debts in your name
  • The cost of your funeral

A pay out from a life insurance policy can help to cover all the above for your loved ones to ensure they can continue living their current lifestyle, without struggling financially.

A friendly member of our team can talk through your needs and provide you with the most suitable life insurance options for teachers.

How much life insurance do you need?

Use this handy calculator to find out how much life insurance cover you need as a teacher.
Simply enter the costs you would like your policy to cover.

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£137,934 is the estimated mortgage debt per household in the UK.

The purchase of a home is likely to be the largest financial commitment any of us will make in our lifetime. Your life insurance should cover your remaining mortgage balance to allow your loved ones to stay in the family home should anything happen to you.

Source: Moneynerd.co.uk
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The average monthly household budget in the UK is £2,548 (that’s £30,576 per year), which is spent on transport, food & drink, utilities (gas, electricity, water etc), clothing, council tax and leisure activities.

With energy prices hitting a record high and the cost of living rising sharply in the UK, you may wish to factor in utility bills and family living expenses into your cover.

Source: Nimblefins.co.uk
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The average personal debt of UK adults has risen to £34,566 (not including mortgage debt), with credit cards, personal loans and overdrafts being the most common forms of debt.

Factoring in any debts into your life insurance cover means that, if they need to be paid back from your estate after your passing, your loved ones won’t miss out financially.

Source: Money.co.uk
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According to SunLife, the average cost of a funeral in the UK is £3,953 (with the overall cost of dying at £9,200).

Funeral costs have increased by 116% since 2004 and are a significant cost which should be factored into the amount of life insurance you secure.

Source: SunLife.co.uk
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When factoring in cover for your children, you may wish to calculate the amount based on how long it is until they reach financial independence.

This could include childcare (£7,000 per year for part-time care), school expenses (£1,519 per school year for uniforms, lunches, stationary etc), as well as an additional sum for further education (this could be a contribution of up to £5,000 per year).

Sources: Daynurseries.co.uk, Primarytimes.co.uk & Savethestudent.org
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2 in 5 adults say they are relying on an inheritance to fund their retirement.

Factoring in an inheritance to your sum assured could allow loved ones to live a more financially comfortable life. Alternatively, you could leave a cash gift to a charity of your choosing.

Source: Moneyage.co.uk
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If you’re lucky enough to have your own savings or are part of the 30% of UK residents who already have a life insurance policy in place, this can provide financial protection for loved ones.

By entering your current cover, savings or death in service amount you can reduce the sum assured you require.

Source: Scottishbusinessnews.net
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Life insurance policies for teachers

There are various types of life insurance, all suited to different life needs.

Which is the most suitable for teachers will depend on your own personal circumstances and what you’d like to protect.

The policy option available to you include:

Level term policies for teachers

Level term life insurance

  • You’ll be covered for a specified period of time (up to 40 years)
  • A fixed lump sum pay out will be made to your loved ones if you pass away during this time
  • Pay out sum can be up to £1,000,000
  • Ideal for young teachers who want to help protect large assets such as an interest-only mortgage and future family living costs
  • You’ll need to provide key information, such as medical details, during the application
  • Can be taken out through Reassured from just 20p-a-day †
Decreasing term policies for teachers

Decreasing term life insurance

  • You’ll be covered for a specified period of time (up to 40 years)
  • A pay out will be made to loved ones if you pass away during the term, however the amount they receive will reduce over time
  • Ideal for helping protect a repayment mortgage as your sum assured can reduce in line with your remaining mortgage balance
  • You’ll need to provide key information, such as medical information, during the application process
  • Can be taken out through Reassured from 20p-a-day ¥
Whole of life policies for teachers

Whole of life insurance

  • You’ll be covered for the rest of your life
  • A fixed lump sum pay out will be made when you pass away (not if)
  • Pay out sum can be up to £1,000,000
  • Ideal for guaranteeing your loved ones a pay out and providing funds to help cover funeral costs or leave an inheritance
  • Could become costly if taking out cover at a young age. This policy type is better suited to older teachers still in good health
  • Can be taken out through Reassured from 27p-a-day ±
Family income benefit policies for teachers

Family income benefit

  • You’ll be covered for a specified period of time (up to 40 years)
  • If you pass away during this time, monthly income payments will be made to your loved ones for the remainder of the policy term
  • Pay out sum can be up to £5,000 a month
  • Ideal for teacher’s with a young family to help with long term family budgeting after your passing
  • You’ll need to provide key information, such as medical information during the application process

Use our award-winning broker service to compare multiple quotes to find the most suitable life insurance for teachers.

Cost of life insurance for teachers

Teachers’ life insurance can start from as little as 20p-a-day through Reassured.

However, the exact price you pay for your monthly life insurance premiums will be calculated based on the level of risk you pose to the insurer.

Providers will take into consideration the following when calculating the cost of your premiums:

  • Age
  • Health & wellbeing
  • Smoking status
  • Occupation
  • Lifestyle
  • Type of policy
  • Level of cover
  • Length of term

Occupation is one of the factors that insurers take into account when calculating your premiums.

For most teachers, occupation won’t influence the price you pay for your cover.

However, if you’re a teacher that frequently works overseas (particularly in countries with disease outbreak or countries that are in the midst of war) or you work in another dangerous environment (such as a lab with harmful chemicals), you may experience inflated premiums with certain insurers.

In these instances, providers may ask for more information about your job to understand the level of risk you pose.

It’s extremely unlikely that you’ll be declined life insurance due to your profession.

Compare teachers life insurance quotes through Reassured. Quotes start from just 20p-a-day.

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Do teachers get death in service?

Yes, teachers are eligible for a death in service benefit through the teachers’ pension scheme.

Death in service benefit through the teachers’ pension scheme is 3x your salary, but this amount may differ if your employer offers a different pension.

You’ll no longer benefit from death in service if you leave your profession, highlighting the need for additional protection in the form of life insurance.

Life insurance vs death in service

Even with death in service, teachers may benefit from additional life cover.

While a death in service benefit will provide a pay out to ease some financial burdens for your family in the event of your passing, it’s unlikely that this will cover all costs.

This is because your pay out will be a set amount decided by your employer (for teachers this is normally 3x your salary).

With life insurance you can choose your sum assured to ensure there are enough funds for your loved ones to live comfortably.

Death in service will only protect you while you’re in service. If you leave your job, you’ll no longer receive this benefit.

Life insurance provides you with your own personal protection so you can help secure the financial future of your family no matter what happens.

Life insurance Death in service
Provides your own personal protection Offers financial protection through an employer
Can choose sum assured to meet your needs (up to £1,000,000) Pay out will be a multiple of your salary (for teachers typically 3x)
Pay out can help pay off mortgage, cover living costs, pay for your funeral or be left as inheritance Unlikely that pay out amount will cover mortgage or other large debts
Cover remains in place until the end of term or until you pass away Cover will cease if you leave employment


Compare life insurance quotes free of charge to find your lowest quotes from our panel of leading insurers.

Teachers pension scheme

Teachers’ pension are responsible for managing the teachers’ pension scheme on behalf of the department of education.

The teachers’ pension scheme is only one of eight schemes guaranteed by the government.

You can find full information on what a teacher's pension includes here »

Does teachers pension include life insurance?

The teachers’ pension scheme doesn’t include life insurance; however, it does include death benefits and death in service.

Death benefits will allow a payment to be made to your spouse in the event of your passing during retirement.

The amount paid out will depend on how much pensionable service you have and what agreement you’re a part of.

Although this payment can ease some financial stress for your loved ones, it’s likely that it won’t cover all expenses.

As discussed previously, death in service will pay out a multiple of your salary if you pass away while in service with your employer.

Life insurance allows you to choose the amount that you’d like to be paid out so you can help ensure that all costs are covered and your family can live comfortably.

Being a teacher won’t affect your ability to obtain life insurance.

Contact Reassured for your fee-free and personalised quotes for UK teachers.

Compare Life Insurance Quotes »

Teachers pension critical illness

The teachers’ pension scheme provides ill health cover.

This will pay out an early proportion of your pension should you be unable to work due to ill health.

This is similar to critical illness that can be added onto a term life insurance policy for an additional cost.

Critical illness cover allows you to make an early claim if you’re diagnosed with a life-changing illness (listed within your policy) that may prevent you from working.

This pay out can be used to help cover any lost income or to help pay for medical costs.

Alternatively, terminal illness comes as standard with any term life insurance policy taken out through Reassured.

This provides an early pay out if you’re diagnosed with a terminal illness and predicted to pass away within 12 months.

While ill-health cover will help to provide some financial support, it’s likely it won’t cover all of your expenses.

This is where terminal illness or critical illness can be beneficial as you’ll receive your sum assured in full.

Income protection for teachers

Income protection can provide monthly (tax-free) payments if you become too ill or injured to work as a teacher.

Up to 70% of your teacher’s salary could be protected to help you cover your current cost of living.

Teachers can be entitled to a generous sick pay scheme (as detailed in the Burgundy Book, which provides national guidelines for the conditions of service for teachers in the UK).

As per the Burgundy Book, teachers can receive up to 100 days of full pay, followed by 100 days of half pay (depending on your length of service).

However, income protection can provide an extra safety net of financial protection to top up your sick pay during times when you’re receiving half pay.

It can also be beneficial in case of longer-term illness or injury that keeps you off work for longer than you’ll receive sick pay for.

Reassured Advice can help you to compare the best income protection insurance quotes from the whole of the market.

Get in touch for personalised and fee free quotes starting from just 20p-a-day ‡ .

Why not check out our dedicated income protection for teachers page to find out more about this policy type?

What happens to my teachers pension when I die?

If you pass away and are receiving a teachers’ pension, your pension will automatically be paid to your spouse.

If you don’t have a spouse, you’ll need to make a known nomination to teachers’ pensions to declare who you’d like the funds to go to.

This is known as a death benefit.

Life insurance for retired teachers

Retired teachers aren’t provided with life insurance.

However, there are retirement benefits you can take advantage of as part of your teachers’ pension - such as death benefits.

This will pay out a lump sum to your loved ones. However, this is unlikely to cover all costs so it’s wise to also have your own personal cover in place.

If you’re taking out life insurance after retirement you may find your premiums to be higher due to your age and health.

At this stage in your life, you may want to consider one of the following options:

Over 50s life insurance for retired teachers

Over 50s plan

  • An over 50s plan can be ideal for retired teachers as acceptance is guaranteed if you’re aged between 50 - 85
  • No medical information is required so this can be a great option if you’ve struggled to secure cover in the past due to ill health
  • Sum assured tends to be lower and is usually up to £20,000
  • Guarantees a pay out to loved ones which can be used to help cover funeral costs or provide a small inheritance
  • Over 50s plans through Reassured start from just £5 a month +
Whole of life policies for teachers

Whole of life insurance

  • Can be well suited to retired teachers who’re still in good health
  • You’ll be required to provide medical information during the application process
  • Sum assured can be higher than that of an over 50s plan so you could leave a larger inheritance for your loved ones to enjoy, as well as help cover funeral costs
  • You’ll be covered for the remainder of your life and a pay out is guaranteed
  • Whole of life insurance can be taken out through Reassured from just £8 a month ±

Teachers insurance

Teachers insurance is specialist insurance for those in the independent teaching profession, it won’t provide life cover.

Teachers insurance refers to insurance that will cover you for risks that are likely to happen while carrying out your profession (such as theft of equipment or injury to a student).

Unfortunately, this type of insurance isn’t provided by Reassured.

Discounts for teachers

Teachers often benefit from a range of discounts across many services, products and days out.

As a teacher, you’re eligible for a discount on life insurance through the website discountsforteachers.co.uk.

This includes an offer from Reassured. Teachers can obtain free quotes and save up to £1,234*.

They’re currently offering the following discounts for teachers:

  • Save 10% on life and critical illness insurance with Zurich
  • Discounted quotes for life and illness insurance, free advice and Will, plus up to £150 cashback with Life Search
  • 10% cashback on life insurance on every life insurance policy with Assured Futures
  • 10% cashback on every over 50s life insurance policy with Assured Futures
  • Free life & critical illness insurance quotes - Teachers save up to £1,234 with Reassured

The discounts stated are correct as of 05/05/23, please note they may be subject to change

While a discount on your policy may seem like an attractive offer, it’s not the most important thing to consider when taking out life cover.

What’s more important is finding a provider that offers cover that meets all of your needs.

At Reassured we can compare multiple policies to ensure you’re getting the right cover at the best available price from our panel of insurers.

Compare life insurance for teachers

To secure the most affordable teachers life insurance, it’s crucial to compare quotes as prices can vary significantly.

Using our FCA-regulated broker service you can compare quotes from some of the UK's leading life insurance providers.

Our award-winning team can take you through all the available options so you can find your ideal policy.

By comparing quotes, you can save money on your policy as well as ensuring the right cover is in place to protect your loved ones.

Life insurance for teachers through Reassured starts from 20p-a-day so why not put us to work today and save yourself time and money?

Compare Life Insurance Quotes for Teachers »

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