Life Insurance News

Joint life insurance is a single policy that covers two people, usually a couple, and pays out one lump sum when the first person dies. After that payout the policy ends, so the surviving partner is left without cover under that plan. It is a common choice for couples with a shared mortgage or children, […]

30 year level term life insurance is a policy that pays out a fixed lump sum if you die within a set 30-year period, with the payout amount and (usually) your premiums staying the same throughout. If you die during those 30 years, your beneficiaries receive the agreed cash sum. If you outlive the term, […]

Life insurance and critical illness cover do two different jobs: life insurance pays a cash lump sum when you die (or are diagnosed as terminally ill), while critical illness cover pays a lump sum if you are diagnosed with a serious condition listed in the policy, such as cancer, a heart attack or a stroke, […]

Life insurance dementia questions almost always come down to one answer: a new, fully underwritten policy is usually not available after a diagnosis, but a guaranteed-acceptance over 50s plan often is. Insurers treat dementia as a chronic, progressive condition, so standard term or whole of life cover is generally declined at the health-questions stage. A […]

30 year level term life insurance is a policy that pays out a fixed, tax-free lump sum if you die (or, on many policies, are diagnosed with a terminal illness) at any point during a 30-year term. Both your cover amount and your monthly premium stay the same for the full three decades, so there […]

Life insurance is a policy that pays a cash sum to your loved ones if you die during the term of cover, yet many UK adults say they do not hold one. Recent FCA work suggests a large share of UK adults still have no life cover at all. The gap matters because many of […]