Beagle Street Life Insurance

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What Coverage Options Does Beagle Street Life Insurance Provide?

Beagle Street has been providing life insurance in the UK since 1992. They focus on finding a new way to keep families’ finances safe. As an online life insurance provider, Beagle Street wants to make getting life cover easy. They aim to keep the process quick and stress-free for UK customers.

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Company Overview

Beagle Street is different from other UK insurance companies. They provide simple life insurance policies. Their goal is to give families peace of mind and make financial protection easy for everyone. Since they began, they have paid out over £40 million in claims. In 2023, they have more than 120,000 customers across the UK.

Which Company Owns Beagle Street?

Beagle Street is part of OneFamily, a famous UK financial company. Because it is owned by OneFamily, Beagle Street gets support from a large organisation. This lets them stay creative and take good care of their customers. Family Assurance Friendly Society Limited is in charge of the policies, which means policyholders have solid financial backing.

What Sets Beagle Street Apart?

Beagle Street stands out from other companies in the crowded life insurance market.

  • Online-first approach: Beagle Street focuses on digital services. You can get a quote and buy a life insurance policy without any phone calls.
  • Quick decisions: Beagle Street is known for quickly processing applications and making fast policy decisions.
  • Simplified product range: They offer a small selection of life insurance policies. This helps customers choose the right cover easily.
  • Additional perks: They provide free will writing services and other benefits that add value to their life insurance policies.

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What Types of Life Insurance Does Beagle Street Offer?

Beagle Street makes it simple. They provide a clear selection of life insurance products. Here are the types of life insurance you can find:

Level Term Life Insurance

Level term life insurance is the main thing that Beagle Street focuses on. It gives a cash lump sum payout if you die during the policy term. The coverage amount stays the same for the entire policy. This makes it a great option for:

  • Keeping your family safe
  • Paying off large debts
  • Offering a financial safety net for your loved ones

If you have £200,000 of cover for 25 years, your beneficiaries will receive a lump sum payout of £200,000. This payout will happen whether you pass away in the first year or in the 24th year of the policy.

Types of Beagle Street Life Insurance

Decreasing Term Life Insurance

This type of policy is called mortgage life insurance. It is designed to help pay off a debt that decreases over time, usually with a repayment mortgage. The payout amount will lower as your mortgage balance decreases. This policy is great for:

  • Protecting a repayment mortgage
  • Covering other debts that are getting smaller
  • Providing personalised protection that suits your financial needs

How Does Beagle Street's Critical Illness Cover Work?

Beagle Street does not sell critical illness insurance alone. They offer it as an extra with their life insurance policies. If you get diagnosed with one of 21 serious medical conditions, you will receive a lump sum payout. This number is lower than what some other insurance providers cover. However, it does include the most common reasons for claims, such as cancer, heart attack, and stroke.

Policy Options: Single Life vs. Joint Life

Beagle Street lets you choose how to create your policy.

  • Single Life: This insurance protects one person. It pays a benefit when they pass away.
  • Joint Life: This insurance covers two people, usually partners. It pays a benefit once, often when the first person dies. It can be cheaper than having two single policies, but the other partner will not have coverage after that benefit is paid.

Life insurance monthly premium based on following ages for Beagle Street life insurance policy

Age £50K Cover £100K Cover £200K Cover £500K Cover
25 3.28 3.77 5.32 13.24
30 3.32 4.01 6.54 16.26
35 3.8 5.31 9.08 22.54
40 4.51 7.32 13.51 32.84
45 6.23 10.95 20.96 51.67
50 9.66 17.26 33.79 -
60 22.79 - - -

Prices are based on a non smoking male, in good health, drinking 16 units of alcohol a week and living in TW7 4EY with no family history of illness or disease. Prices correct as of 7th August 2023

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Should You Choose Beagle Street Life Insurance?

Choosing the right life insurance provider is key. Let's check out the good and bad sides of Beagle Street. This will help you see if it is a good fit for you.

What Are the Advantages of Beagle Street Life Insurance?

  • Fast application process: You can get life cover in just a few minutes with their easy online system.
  • Terminal illness cover included: You will get your payout sooner if you have a terminal illness.
  • Free simple will writing service: You can make your will for free, so your wishes are clear.
  • Good prices: They usually offer competitive pricing, especially for younger and healthier people.
  • High customer satisfaction: They have great reviews on TrustPilot.

Potential Downsides of Beagle Street Life Insurance

  • There are few options for people with medical conditions. They make quick choices, so there is little time for long medical history reviews.
  • Options for policies are limited. Plans like whole life or over 50s are not offered.
  • Their focus on online services might not be good for people who prefer meeting in person or using the phone.
Choose Beagle Street Life Insurance

Who Should Consider Beagle Street?

Beagle Street could be a good choice if you are:

  • Healthy and do not have any big medical issues.
  • Want simple term life insurance.
  • Feel good about using online services.
  • Looking for quick choices and instant coverage.
  • Want extra benefits, like free will writing.

Who Might Want to Look Elsewhere?

You might want to consider looking at other insurance providers if you:

  • Have health problems that are already known.
  • Need special insurance like life insurance.
  • Prefer to talk to insurers face-to-face or over the phone.
  • Want more options for policies or extras.

How Does Beagle Street Compare to Other Life Insurance Providers?

When you want life insurance, it is important to check how Beagle Street stacks up against other choices. Let’s see how they compare to some large insurance companies in the UK:

Beagle Street Compare to Other Life Insurance

How Beagle Street Stands Against Other Providers

  • Product Range: Beagle Street offers a specific range of products. Bigger companies often have more choices for insurance.
  • Pricing: Their prices are often good, especially for term life insurance.
  • Customer Service: Beagle Street works online, while larger companies use different ways to reach customers.
  • Underwriting: Larger insurers can give more options for complicated cases.

Customer Satisfaction

Beagle Street is known for excellent customer feedback. As of November 2023, they have a high score on TrustPilot:

Beagle Street has a fantastic TrustPilot score of 4.7 out of 5 stars. This rating is based on 4,551 reviews. A large number of these reviews are 5-star ratings.

  • 84% of the reviews rated Beagle Street as 5.0 out of 5.0 stars.
  • A certain number of reviews gave it 4 stars.
  • 11% of reviews gave Beagle Street a score of 4.0 out of 5.0 stars.
  • Some reviews rated it as 3 stars.
  • 1% of reviews rated Beagle Street 3.0 out of 5.0 stars.
  • A portion of reviews gave it 2 stars.
  • Only less than 1% of reviews gave Beagle Street 2.0 a score of 2 out of 5 stars.
  • There are very few 1-star reviews.
  • 3% of reviews rated Beagle Street 1.0 out of 5.0 stars.

Correct as of 22/08/2024.

Claims Payout Statistics

In 2022, Beagle Street paid out 99.4% of all life insurance claims. This rate is very good and higher than some averages in the industry. However, it is key to note that this figure comes from their past underwriter. The future results could be different.

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How Much Will You Pay for Beagle Street Life Insurance?

The main question is not only about a million pounds. It is really about the small amount you pay every month. Let’s see what affects how much you pay for Beagle Street life insurance premiums:

Factors Affecting Premiums

  • Age: If you are younger, your costs are often lower.
  • Health: Your health and past medical issues matter a lot.
  • Lifestyle: Activities like smoking or dangerous hobbies can increase your costs.
  • Coverage amount: If you want more coverage, your costs will be higher.
  • Policy term: A longer policy term often means higher monthly payments.

Example Premiums

Beagle Street claims they can provide £200,000 in coverage for less than £6 each month. This rate is for a 30-year-old who does not smoke. Here are some more usual examples:

  • A 35-year-old office worker who does not smoke may pay around £10 to £15 every month for £200,000 in coverage for 25 years.
  • A 45-year-old smoker might pay between £30 and £40 each month for the same coverage.

Remember, these are just estimates. Your actual quote may change based on your situation.

Pay for Beagle Street Life Insurance

Is It Good Value for Money?

Beagle Street often has good prices for term life insurance. However, it's important to know that value isn't just about having the lowest price. You also need to consider the benefits included, the customer service they offer, and how well they deal with claims. All these things help you see the overall value.

What Are the Benefits of Choosing Beagle Street Life Insurance?

Choosing Beagle Street has several benefits beyond just life insurance coverage. Here are some of the main advantages:

Included Benefits

  • Terminal Illness Cover: If you learn that you have a terminal illness and doctors tell you that you have less than 12 months to live, you can receive your full payout early.
  • Financial Hardship Support: If you are facing money problems, you can stop your payments for up to three months.
  • Counselling Services: You can get support services if you are diagnosed with a serious medical condition.

Additional Perks

  • Free Will Writing Service: You can get your simple will done for free. This ensures your wishes are clear and legally protected.
  • Amazon Voucher: New customers can earn up to £100 in Amazon vouchers. This deal started in November 2023.
  • Beagle Street Soft Toy: A fun bonus - new policyholders will get a Beagle soft toy.
  • Free Trust Tool: This tool can help you set up a trust for your policy. It may also help reduce inheritance tax.
  • Hour of Free Legal Advice: You can receive help on legal questions about your policy.
Benefits of Choosing Beagle Street Life Insurance

Customer Support

Beagle Street mainly operates on the internet. However, they still think personal contact is important.

  • You can call for help from Monday to Friday, between 8 AM and 8 PM. On Saturday and bank holidays, help is available from 9 AM to 5 PM.
  • If you have questions that are not urgent, you can send an email.
  • They provide special claims support to assist you or someone you care about during important moments.

Are There Any Drawbacks to Beagle Street Life Insurance?

While Beagle Street has many good features, it is also important to consider some possible drawbacks:

Medical Underwriting Limitations

Beagle Street's model for quick decisions is simple to use. However, it can have some risks involved. It may reject applicants who already have health issues. Other insurance companies might look at these applicants more carefully and choose to accept them.

Limited Policy Options

If you need whole life insurance or coverage for people over 50, you should look for options elsewhere. Beagle Street only provides term life insurance products.

Potential Issues

Some customers mentioned they have issues with the application process. This is especially when they need to declare medical conditions. These complaints are not very common, but it's good to be aware of possible problems.

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How Easy Is It to Claim on a Beagle Street Life Insurance Policy?

When you have to make a claim, you don't want it to be hard. Beagle Street wants to make claiming very easy.

Claims Process

  • Contact Beagle Street: You can call their claims line or email their claims team.
  • Provide information: You need to share details about the policyholder and the event that occurred.
  • Submit documentation: This usually includes the death certificate and any other documents they request.
  • Claim assessment: Beagle Street will review the claim. They may ask for more information if needed.
  • Payout: Once approved, Beagle Street aims to pay out claims swiftly.

Inform Loved Ones Feature

Beagle Street has a new service called 'Inform Loved Ones.' This service lets you add up to five people who should know about your policy if needed. This helpful feature can support your beneficiaries during a difficult time.

Payout Timeframe

Beagle Street aims to process simple claims fast. The time taken can vary depending on the case. Some customers report that they receive their payouts just a few weeks after submitting all required documents.

Claim on a Beagle Street Life Insurance Policy

Does Beagle Street Life Insurance Cover Pre-existing Conditions?

This is an important question for many people considering insurance. The simple answer is: it depends. But usually, the answer is no.

Policy Restrictions

Beagle Street makes it easy to apply for insurance. However, they might not insure people with serious health problems that they already have. They usually decide quickly, so if someone has a complex health history, they may end up getting denied more often.

Alternatives for Those with Medical Conditions

If you have health problems, you may find better options with:

  • Expert insurers that assist people with health problems.
  • Larger companies that have careful checking steps for applications.
  • Options for people over 50 from different providers that often don’t require medical checks.

Talking to a life insurance expert or broker is a smart choice. They can help you discover the best options for your needs.

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What Do Customers Say About Beagle Street Life Insurance?

Common Praises

Customer feedback is important. It helps us learn about working with an insurer. Let’s look at what Beagle Street customers say:

  • Easy application process: Many customers enjoy how quick and easy it is to apply online.
  • Competitive pricing: Beagle Street often offers good prices when compared to others.
  • Helpful customer service: Although they mainly operate online, many people appreciate their support team.
  • Additional perks: The free will writing service and other benefits are well-liked.

Common Complaints

Some types of unhappiness are rare, but they include:

  • Trouble for people with health issues: Some customers found the application process frustrating when discussing their health problems.
  • Few options in policies: A few customers wished for more types of products to select from.
  • Online services only: Some people preferred to use traditional ways to communicate.

How Do I Get a Quote or Buy Beagle Street Life Insurance?

Is Beagle Street Life Insurance Right for You? Here’s how you can start:

Getting a Quote

  • Online: Visit Beagle Street's website and use their quote tool. You need to provide some basic information, like your age, if you smoke, and how much coverage you want.
  • Phone: You can also call Beagle Street for a quote, but this is less common.
  • Comparison sites: Beagle Street appears on many UK comparison websites. This helps you compare their prices with other providers.
Buy Beagle Street Life Insurance

Buying a Policy

  • Complete the online application: If you like your quote, fill out the application online.
  • Answer health and lifestyle questions: Be ready to share information about your health and any medical conditions.
  • Review and confirm: Check all the details closely before you send in your application.
  • Instant decision: Usually, Beagle Street can give you a quick decision and start your cover right away.

Consulting a Broker

Beagle Street makes the process easy to understand. Still, it can be useful to ask a professional for advice at times.

  • If you have difficult money problems
  • If you have health issues in the past
  • If you aren’t sure what type or how much coverage you need

A life insurance specialist can help you with advice that is just right for you. They can also assist you in finding several policies that match your needs.

Is It Possible to Cancel My Beagle Street Life Insurance Policy?

Life changes sometimes. This could mean you should check your insurance needs again. If you want to cancel your Beagle Street policy, here are some key things to know:

Cancellation Process

  • Contact Beagle Street: You can cancel by calling 0800 048 0480, sending an email to [email protected], or mailing a letter.
  • Provide information: You must share your full name, date of birth, email, and postcode.
  • Confirm cancellation: Beagle Street will process your request and confirm your cancellation.

Cooling-off Period

Beagle Street offers a 30-day cooling-off period when your policy begins. If you choose to cancel during this time, you will receive a full refund of the premiums you paid.

Refund Policy

If you cancel after the cooling-off period, you will not receive a refund for the premiums you paid. Your coverage will usually remain active until the end of the period you have already paid for.

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What Is the Beagle Street Life Insurance Claims Record?

A big part of choosing an insurance company is how they handle claims. Life insurance is meant to help when you need it the most.

Claims Payout Rate

Beagle Street said they paid 99.4% of all life insurance claims in 2022. This is a strong number. It looks very good when compared to other companies in the life insurance industry.

Factors Affecting Claims

Most claims are paid, but sometimes a claim can be turned down.

  • Non-disclosure: If you fail to share important details when applying for the policy.
  • Exclusions: If the cause of death is not included in your policy (such as suicide in the first 12 months).
  • Fraudulent claims: Any effort to commit fraud will result in a denied claim.
Beagle Street Life Insurance Claims Record

Customer Experiences with Claims

Most people feel positive about their experience with the claims process at Beagle Street. The high payout rate reflects this good feedback. While everyone's experience may vary, many reviews praise how quickly and kindly Beagle Street's claims team responds, especially during difficult times.

What Is the Beagle Street Terminal Illness Benefit?

The terminal illness benefit is a key feature of Beagle Street's life insurance. It provides crucial financial support when times are tough.

Benefit Overview

If you find out that you have a terminal illness and less than 12 months to live, Beagle Street will pay your full life insurance amount early. This can give you and your family crucial financial help during this difficult time.

Eligibility Criteria

To claim the terminal illness benefit:

  • A doctor has to diagnose you with a terminal illness.
  • The doctor must say you have less than 12 months to live.
  • This diagnosis must happen while your insurance policy is active and before it ends.
  • When you make your claim, you should not be in the last 12 months of your policy term.

Comparison with Other Providers

Beagle Street's terminal illness cover is typical in the UK life insurance market. What stands out is that they offer this benefit without charging extra fees. Other companies might ask you to pay more for this coverage or have tighter rules for claims.

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How Does Beagle Street's Online Platform Work?

In today’s world, managing your policy online is simple. This is a big reason to pick an insurance company. Let’s see what Beagle Street can provide online:

Beagle Street's Online Platform Work

User Experience

Beagle Street's website is straightforward and user-friendly. The layout is neat and clear. Even those who are not tech-savvy can easily navigate it. Here are some key features:

  • A quick quote tool is available on the homepage.
  • There are easy-to-understand explanations for the various policy types.
  • You can easily find contact details.

Online Account Features

After you get a policy, you can manage different parts by using your online account:

  • View and download policy documents
  • Update personal details
  • Manage payment information
  • Use the free will writing service
  • Check out the 'Inform Loved Ones' feature

Mobile Accessibility

Beagle Street does not have a special mobile app at this time. Their website, however, works great on smartphones and tablets. This means you can manage your policy easily while you are on the go. It gives you the flexibility you need.

What Are Beagle Street's Customer Support Options?

Beagle Street mostly operates online. However, they understand that sometimes you may need help from a real person. Here’s how you can reach them:

Contact Methods

  • Phone: 0800 048 0480 for any questions, quotes, claims, or complaints.
  • Email: [email protected]
  • Post: Beagle Street, 16-17 West Street, Brighton, BN1 2RL

Customer Service Hours

  • Monday to Friday: 8:00 AM to 8:00 PM.
  • Saturday and on bank holidays: 9:00 AM to 5:00 PM.

Support for Claims

Beagle Street helps people who need to make a claim. They aim to make this process easier. They understand it can be a challenging time. That's why they provide friendly support while you deal with your claims.

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Are There Any Exclusions in Beagle Street Life Insurance Policies?

Understanding what is not included in your insurance policy is very important. It helps you know what coverage you have. Let's see how Beagle Street deals with this:

Common Exclusions

The key aspect missing from Beagle Street's life insurance policies is:

  • Suicide within the first 12 months of the policy

This is a standard rule in the life insurance industry. It helps prevent people from misusing their policies.

Specific Policy Exclusions

Beagle Street's policies often include more coverage than those from other insurance companies. They typically cover deaths related to:

  • Sports or hobbies that may be dangerous
  • Travelling to countries with high risks
  • Using drugs or drinking alcohol

It's important to read your policy documents carefully. What is covered can change based on your specific situation.

Can I Add Critical Illness Cover to My Beagle Street Policy Later?

Life can change a lot. You might feel like you need more protection. Here’s what you should know about adding critical illness cover to your Beagle Street policy:

Adding Cover

Yes, you can add critical illness cover to your current Beagle Street life insurance policy. This option helps you boost your protection as your needs change. To add this cover:

  • Reach out to Beagle Street.
  • They will review your health and circumstances.
  • If you are approved, they will change your policy to include critical illness cover.

Cost Implications

Adding critical illness cover will increase your monthly costs. The exact cost will depend on a few factors, like:

  • Your age when you get critical illness cover
  • Your health condition
  • The amount of critical illness cover you need

It's good to understand that adding this cover later might cost you more than if you add it when you first start your policy.

Beagle Street Policy on Critical Illness Cover

Coverage Details

Beagle Street's critical illness cover includes:

  • You get payment for 21 major medical conditions.
  • There is protection for common issues like cancer, heart attack, and stroke.
  • A critical illness cover for children is included for free. It gives 25% of your chosen benefit, up to £25,000.

Does Beagle Street Offer Any Discounts or Promotions?

Everyone likes a good deal, especially when it comes to something important like life insurance. Let’s check out what Beagle Street has to offer:

Current Promotions

As of November 2023, Beagle Street offers:

  • Amazon Gift Card: New customers can receive up to £100 in Amazon vouchers.
  • Free Beagle Soft Toy: A cute mascot for new policyholders.

Eligibility for Discounts

To be eligible for these promotions:

  • You need to be a new Beagle Street customer.
  • You must keep your policy for at least 6 months to receive the Amazon voucher.
  • This offer may change and could be removed at any time.

Long-Term Value

  • The lasting worth of the policy.
  • The advantages it can give as time goes on.
  • The total safety it provides.
  • Price of monthly premium
  • Level of coverage
  • Additional benefits (like terminal illness cover, free will writing)

These factors will have a bigger impact on your policy's total value than short-term promotional offers.

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How Does Beagle Street Handle Complaints?

Beagle Street has high ratings for customer satisfaction. However, no company is without flaws. Here is how Beagle Street deals with customer complaints:

Complaint Process

  • Initial Contact: You can contact Beagle Street by phone, email, or post to tell them about your complaint.
  • Acknowledgement: They aim to confirm your complaint within 3 working days.
  • Investigation: They will examine your complaint thoroughly.
  • Resolution: Beagle Street wants to resolve complaints within 4 to 8 weeks.
Beagle Street Handle Complaints

Resolution Timeframe

Beagle Street wants to fix issues quickly. However, some cases can be tricky and may require more time. If you are not happy with how things are going:

  • You can ask for an update any time you want.
  • After 8 weeks, you can bring your complaint to the Financial Ombudsman Service.

Escalating Complaints

If you are not happy with Beagle Street's response, you can bring your complaint to the Financial Ombudsman Service.

The Ombudsman is a different group. It can review your case and make a decision that you must follow.

How Reliable Is Beagle Street Life Insurance?

When you trust a company with your family's money, keeping everyone safe is very important. Let's see what Beagle Street provides.

Data Protection

Beagle Street takes data protection seriously:

  • They follow UK GDPR and the Data Protection Act 2018 rules.
  • They use encryption to keep online transactions and personal data safe.
  • They do regular security checks to ensure that protection measures are strong.

Financial Stability

Beagle Street receives help from OneFamily. OneFamily is a famous financial services company in the UK.

  • OneFamily manages assets worth more than £7.5 billion.
  • They have over 40 years of experience in finance.

Industry Ratings

Beagle Street does not have any ratings from financial agencies. Its parent company is OneFamily.

  • The Financial Conduct Authority (FCA) is in charge of it.
  • It is also protected by the Financial Services Compensation Scheme (FSCS), which gives more safety to policyholders.

FAQs about Beagle Street Life Insurance

Beagle Street provides life insurance for self-employed individuals. Their team of experts is ready to help these applicants understand the kind of coverage they should have. They will consider the average income and any business debts when finding the right plan.

Beagle Street does not allow you to automatically increase your coverage later. To get more coverage, you would need to buy a new policy, and that may require new underwriting. It is a good idea to check your policy details regularly. This way, you can ensure you have enough coverage.

At this time, Beagle Street does not provide a direct option for donating to charity in their life insurance. However, policyholders can create trusts or add instructions in their will to give part or all of the payout to a charity. This can help reduce the possible tax bill on their estate.

Beagle Street's life insurance policies are mainly for people living in the UK. If you move to a different country after getting a policy, let Beagle Street know. Your coverage may still be good, but it could have some limits or rules depending on where you live now. It’s a good idea to speak with their customer service team about this.

Beagle Street does not allow you to switch from a term life insurance policy to a whole life insurance policy. If you feel you need lifelong coverage instead of just term coverage, you will have to purchase a whole life insurance policy from a different insurance company.

Beagle Street focuses on life insurance and critical illness cover. They do not offer income protection insurance at this time. If you need a full financial plan, you might want to search for other providers to get extra policies.

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Page last updated on: 29/08/2024

Page reviewed by: Shay Ramani

4000+ reviews