Based on a 50 year old non smoker in good health. £35,000 cover, 25 year term, level term cover. £6.02/month from Aviva. This equates to just under 20p a day, when calculated on a daily rate based on premiums paid for a full year (£72.24).
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Think of life insurance as an agreement between you and a life insurance company. In this agreement you make monthly payments to the company for a specific period, and if you die your family receives a large lump sum of money in return.
This money ensures that your family is well looked after should you pass away - they needn't worry about finding money to pay things like bills, loans, or funeral costs. It gives your family essential financial stability exactly when they need it most.
Not everybody needs life insurance. However, if you have children, a partner or any other family members who rely on your income, then it makes sense to provide for them in the event of your death.
Here are some statistics you may not know:
Anything can happen in life and none of us know what's around the corner. The importance of ensuring your family is secure and their living standards are guarded cannot be underestimated.
Join smart families across the UK who are leveraging Life Insurance as an efficient, effective and easy form of protection.
This could quite possibly be the most important financial product you ever buy.
Our service helps you to compare life insurance quotes through an authorised FCA regulated broker or insurer. There's no obligation to purchase, it's always entirely your choice.
Please note all third-party insurer logos on this site are a trademark of their respective owners. Some of the brokers we work with may not be able to provide quotes from all of the insurers featured.
*https://www.covermagazine.co.uk/news/4057498/families-life-insurance-cover-direct-line
**https://www.sunlife.co.uk/funeral-costs/
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