Who really needs it?
If someone relies on your income — a partner, children, or anyone who shares your financial commitments — life insurance is worth considering. It is especially important if you have a mortgage, as it can make sure the home is not at risk.
If no one depends on you financially, the case is weaker — which is the sort of honest steer good advice should give you.
How much cover?
A common starting point is enough to clear your mortgage and debts, replace your income for a number of years, and leave a buffer for future costs such as childcare. Our life cover calculator gives you a rough figure to work from.
The main types
- Level term — a fixed lump sum over a set period.
- Decreasing term — cover reduces over time, often used alongside a repayment mortgage.
- Family income benefit — pays a regular income rather than a lump sum.
Getting it right
The right type, term and amount depend on your circumstances, and policies differ in what they cover. We help you size cover sensibly and choose a policy that genuinely fits — without paying for more than you need.
This guide is general information, not personal financial advice. As with all insurance policies, terms, conditions and exclusions apply.