Term Life Insurance
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Protect Your Family Today In Case The Worst Should Happen Tomorrow
Term life insurance, also known as life term insurance, is a type of protection that covers your life for a set term and will pay your beneficiaries should you pass during that time. Therefore, it can be seen as the ultimate safety net for your family’s financial future.
Taking out a term life insurance policy is a particularly popular mortgage life insurance choice as the duration of coverage can be set to match the mortgage or last until you hit retirement. Get your free quote to take the first steps today.
Why Choose Term Life Insurance
Term life insurance is one of the most commonly selected insurance types for two main reasons. Firstly, the terms of a life term insurance policy are often easier to understand than other coverage types. Secondly, this type of protection is far cheaper as it only covers you for a set period.
However, this is seen by many as the ultimate emotional safety net and mortgage life insurance plan because it guarantees that the home can be bought even if the worst happens to you. This would remove a huge financial burden for your family.
Alternatively, if you want a policy that never expires as long as you keep making premium payments, it may be worth analysing term vs whole life insurance. The latter can be expensive but may be the best choice under certain circumstances.
Life Term Insurance Built Around You
Term life insurance plans can be taken at any age and may last for as little as one year and potentially for 70 years or longer. However, it only works when it aligns with your specific requirements, which could reflect your mortgage or extend to cover your income and other financial matters.
When searching term life insurance rates, it’s important to ask the right questions. Our advisors can help you consider key issues like;
- How long will it be before the mortgage is paid off and dependents earn their own money?
- Would the amount needed in 10 years be less (decreasing cover) or the same (fixed cover) as the figure needed in 10 months?
- Would you need to cover your mortgage payments if your earnings were lost?
Asking these questions will ensure that the right level of coverage can be selected for the right length of time, thus providing the best protection for your mindset and your family’s financial health. Avoiding unnecessary excessive features also ensures that term life insurance remains affordable and convenient.
A Term Life Insurance Policy You Can Rely On
Whether opting for a 20 year term life insurance plan to cover your mortgage until dependents are ready to fly the nest or taking a longer agreement, choosing the right provider is vital.
The best term life insurance providers in the UK include AIG, Aviva, Legal & General, Royal London, and Vitality. Cheaper Life Insurance is a broker that partners with them all to present the very best term life insurance quotes based on your needs.
All information is provided impartially so that you can make the right decision for you and your family.
Pricing
Quoted rates may vary and are subject to individual status and medical underwriting. Correct as of 7th February 2025.
†From £10 per month for up to £300,000 is an example based on the following pricing illustrations. £10 per month Life Insurance quoted rates are based on level term life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as on 7th February 2025.
£322,952 over 20 years
30 years old born in 1995
£197,619 over 20 years
35 years old born in 1990
£159,606 over 15 years
40 years old born in 1985
£92,280 over 15 years
45 years old born in 1980
£67,652 over 10 years
50 years old born in 1975
£37,971 over 10 years
55 years old born in 1970
£20,242 over 10 years
60 years old born in 1965
£12,368 over 10 years
65 years old born in 1960
£7,497 over 10 years
70 years old born in 1955
†From £5 per month for up to £100,000 is an example based on the following pricing illustrations.£5 per month Life Insurance quoted rates are based on level term life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as on 7th February 2025.
£117,810 over 20 years
30 years old born in 1995
£75,745 over 20 years
35 years old born in 1990
£56,577 over 15 years
40 years old born in 1985
£35,960 over 15 years
45 years old born in 1980
£26,787 over 10 years
50 years old born in 1975
£17,018 over 10 years
55 years old born in 1970
£10,115 over 10 years
60 years old born in 1965
£6,181 over 10 years
65 years old born in 1960
£3,746 over 10 years
70 years old born in 1955
Whole of Life
Whole of Life Cover quoted rates are based on level term life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as of 7th February 2025.
From £8 per month
£5,437 sum assured
30 years old born in 1995
£4,624 sum assured
35 years old born in 1990
£3,931 sum assured
40 years old born in 1985
£3,345 sum assured
45 years old born in 1980
£3,137 sum assured
50 years old born in 1975
£2,655 sum assured
55 years old born in 1970
£2,277 sum assured
60 years old born in 1965
Critical Illness
Life Insurance and Critical Illness Cover quoted rates are based on level term life cover for non-smokers with no pre-existing medical conditions or other high risk factors. Individual factors and medical underwriting will be assessed which may vary the premium and sum assured you are eligible for or may result in you being declined. Correct as of 7th February 2025.
From £10 per month
£30,753 over 20 years
30 years old born in 1995
£22,278 over 20 years
35 years old born in 1990
£18,353 over 15 years
40 years old born in 1985
£13,425 over 15 years
45 years old born in 1980
£10,171 over 10 years
50 years old born in 1975
£7,100 over 10 years
55 years old born in 1970
£4,805 over 10 years
60 years old born in 1965
Term Life Insurance Quotes Made Easy
Term life insurance ultimately allows you to protect your family’s finances should death (or critical illness if covered) occur. Without a payout clearly defined up until the end of the term agreement, Cheaper Life Insurance can help you start to put the right package in place today. Better still, our network of insurers is available to applicants throughout the UK.
To find out more, call us today or use the free quote tool to get your personalised results.