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♡ Life insurance

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A selection of the life insurance providers we compare

*Price based on a non-smoking 26-year-old, insured over 20 years for £100,000 of cover on a decreasing term policy. Prices correct on 14.10.16.

Why do you need life insurance?

A life insurance policy pays out a lump sum to your loved ones if you die. If you have children or other people relying on you financially, it's important to think about their future and how they'd cope financially if you weren't around.

A life insurance pay out could be used by your loved ones to:

  • pay off a mortgage
  • replace an income
  • pay for childcare or education costs
  • maintain their current standard of living

Deciding what type of life insurance you need

What type of life insurance you choose depends on what best fits your needs. The two most common types of life insurance policies are level term and decreasing term.

Level term: The amount you're covered for is fixed when you start paying your premiums, and it stays the same throughout the term. A guaranteed lump sum will be paid if you die during the policy term.

Decreasing term (also known as mortgage life insurance): With decreasing term, the amount of cover reduces over the length of the policy. Decreasing term is commonly used to cover the outstanding balance of a standard repayment mortgage.

Other things to consider:

Critical illness cover: This cover provides you with a lump sum if you’re diagnosed with a defined critical illness during the policy term; for example, some types of cancer or a stroke. The amount and types of illnesses covered vary by provider, so always check the policy details.

Joint life insurance: This type of policy will cover you and another person, paying out only once following a claim and then ending. A joint policy can be cheaper than taking out two single policies, but there will only be one payout. It’s worth getting quotes for both to see what best meets your needs.

Once you've decided which type of cover you'd like, it might be worth putting the policy into trust.

Find out more about the different types of life insurance.

Deciding how much cover you need

You can work out the amount of cover you need by totalling up your financial commitments like:

  • an outstanding mortgage
  • other debts such as loans, overdrafts and credit card balances

You should also consider how much your family would still need if you were to die. For example for home living, child care or education costs.

Need some help? Use our life insurance calculator to help estimate what could be the right amount for you.

Buying life insurance through Confused.com

  • Compare up to 11 trusted UK insurance providers.
  • See independent star ratings from Defaqto.
  • Get a tailored quote and an indication of how your application will be treated.
  • Rather speak to someone? Call our UK-based call centre on 0800 422 0060

At Confused.com we ask more questions upfront so we can tailor your life insurance quote. This enables us to give you an indication of how the insurer will treat your application. Depending on the answers you give, you may be able to buy cover immediately without completing an application. The option to "buy now" is not available on any other comparison site.

Completing a life insurance application

Completing a full life insurance application takes about 10-15 minutes. You’ll be asked questions relating to your health, family medical history, occupation and hobbies.

Once completed, your application will be processed by our partner Direct Life & Pension Services Ltd. You'll be assigned a dedicated and trusted representative who'll liaise directly with your chosen insurer and keep you updated on the progress of your application.

If you're still doing your research, take a look at our guides and FAQs.

Jargon buster

  • Estate

    This is a collection of all your assets. So your house, car, savings & investments.
  • Trust

    A legally-acknowledged arrangement to pass on your assets under stipulated conditions, such as when you die.
  • Term

    How long the policy lasts for, i.e. 5-40 years.
  • Fixed premiums (also known as guaranteed premiums)

    These premiums are fixed and guaranteed not to change during the policy term, unless you alter the cover.
  • Reviewable premiums

    Reviewable premiums are guaranteed for the first five years of the policy. After this, the insurer has the option to review your premiums on a regular basis to establish if what you're paying is enough to provide the level of cover selected.
  • Waiver of premium

    In the event that you're unable to work through ill health, payments will be made on your behalf until the end of your policy term, a specified age, or until you're able to return to work. This is often referred to as an additional extra.
  • Indexation

    The indexation option allows your plan to keep pace with inflation by increasing your cover amount.
  • Policy increase option

    Under certain circumstances this enables you to increase your level of cover.
  • Terminal illness cover

    Term life insurance policies that provide this type of cover may pay out before death if the policyholder becomes terminally ill.

Need help with life insurance?

Take a look at some of our guides and tools to find out more

Don’t know how much life cover you need? This handy tool can point you in the right direction.

read more
Confused Life is arranged and administered by Direct Life & Pension Services Ltd, who are authorised and regulated by the Financial Conduct Authority. Registered office; Pinnacle House, A1 Barnet Way, Borehamwood, Hertfordshire WD6 2XX. Registered in England and Wales No 2467691.