Get a life insurance quote today

Life insurance is a policy that pays out when you die. The lumpsum will be paid to the people you want to provide for. How much they get depends on the type of policy you’ve chosen, and the level of cover you’ve selected.

Once you’ve compared life insurance quotes and singled out the one that’s best suited to you, you’ll pay a monthly premium for the duration of the policy. Should you pass away in this time, your loved ones will received either a tax-free lump sum or regular payments, which can go towards keeping up on the mortgage or rent, household bills, funeral costs or even an inheritance for them.

There are several events in life that inevitably make the question of whether to get life insurance more urgent. Buying a new home and taking out a mortgage is an obvious one. If you die before the loan is repaid, the responsibility for it will fall on your loved ones instead. You need to think about whether they’ll be able to shoulder this without your income.

For other people, having a baby is their trigger to consider life cover. Having a life policy in place can give you peace of mind they’ll be provided for if you die.

Getting married or making any other long-term commitment to a partner can also be a reason to research life insurance. Whether you opt for a single or joint life insurance policy, your partner will be financially cared for on your death.