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Our Process
1. Complete the Quote Form
Fill out an simple quote form with a few key details so we can better understand your specific needs and preferences.
2. Discover Your Options
One of our advisors will reach out to discuss the most suitable options tailored to your circumstances.
3. Choose a Suitable Policy for You
Take the time to explore your options and choose the life insurance plan tailored to your needs. Our service is free, fully confidential, and there’s absolutely no obligation to commit.
We simplify the process of connecting with trusted brokers and insurers, ensuring you get expert guidance to find the right plan tailored to your needs.
Why Life Insurance Matters
Life is unpredictable, and while we can’t control what the future holds, we can take steps to protect the people we love. That’s where life insurance comes in.
Think of it as a safety net for your family. If something were to happen to you, life insurance ensures your loved ones are financially secure. It can help cover things like mortgage payments, everyday living expenses, or even future education costs for your children.
But it’s not just about finances; it’s about peace of mind. Knowing that your family won’t be burdened by financial stress if the unexpected happens can provide you with a sense of security. And that security allows you to focus on what truly matters—living your life today.
Whether you’re just starting a family, buying a home, or planning for retirement, life insurance can be tailored to fit your needs. It’s not one-size-fits-all, and there are many options to explore based on your situation.
Remember, life insurance isn’t just a policy; it’s a promise to the people who mean the most to you. If you haven’t considered it yet, now might be the time to explore your options and ensure your family’s future is protected.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Understanding Life Insurance Matters
Life insurance premiums can seem like a mystery when you’re trying to figure out how they’re determined. But understanding the factors that influence the cost can make the process clearer and help you make an informed decision.
The price of life insurance often depends on a combination of personal factors such as your age, health, lifestyle, and the type of coverage you choose. For instance, younger, healthier individuals typically pay lower premiums since their risk is considered lower. Smoking or engaging in high-risk activities, like extreme sports, can increase rates because they pose a greater risk to insurers.
Your coverage amount also plays a significant role. A policy with a higher payout will naturally cost more, as it provides greater financial protection. Additionally, the type of policy matters too. Term life insurance, which covers you for a specific period, is usually more affordable than “Whole of life” insurance which guarantees to pay out on death whenever that occurs as long as premiums are paid and up to date.
Understanding how these elements impact pricing enables you to select a policy that balances your needs and budget. Remember, life insurance is more than just a cost; it’s protecting your loved ones’ future.
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Life insurance could cost you as little as £5 a month*. See what your coverage might cost today.
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Get a personalized life insurance quote for free, with no obligation. Our dedicated advisors are ready to help you find a solution tailored to your unique needs.
Frequently Asked Questions
How to Choose the Right Life Insurance Policy?
Selecting the right life insurance policy comes down to your specific needs and preferences. Think about the level of coverage you require and the type of policy that fits your situation. Take time to review all your options thoroughly and consider consulting a trusted expert to help guide you through this important decision.
Can I change my life policy?
Yes, you can switch life insurance policies at any time. If your needs change, or if you want to find a more affordable policy, switching is a viable option. Make sure to compare policies and consider your options carefully before making a change. Our experts are available to help you review and choose the most suitable policy for your current situation.
Important Notes
Its Free
Our quotes and services are completely free, with no obligation to purchase a policy.
Its Not financial Advice
We don’t offer personalized financial advice. Instead, we connect you with licensed insurance providers who can match you with experts equipped to understand and address your unique needs.
FCA Authorised
We collaborate with authorized and regulated partners to ensure every product and service we recommend meets the Financial Conduct Authority’s (FCA) standards. While we don’t offer personalized financial advice, we connect you with licensed insurance providers who can deliver expert guidance tailored to your unique needs.
Additional FAQs About Life Insurance
What is the difference between life insurance and critical illness insurance?
Life insurance pays out a lump sum upon your death (or if you pass away within the policy term). Critical illness insurance, on the other hand, provides a lump sum payout if you’re diagnosed with a specified critical illness (such as cancer or stroke). Critical illness insurance can offer additional financial support during recovery.
How much life insurance do I need?
The amount of life insurance you need depends on various factors, such as your income, existing debts, dependents, and your financial goals. A good rule of thumb is to have enough coverage to replace lost income for several years and cover any outstanding debts (such as a mortgage). Many experts suggest having life insurance that is 10 to 15 times your annual income, but it’s best to tailor the coverage to your personal needs.
Can I add riders or additional cover to my life insurance policy?
Yes, many life insurance policies allow you to add “riders” or additional coverage options, such as critical illness cover, income protection, or accidental death benefits. These can help customise your policy to fit your needs, although they may increase the cost of your premium.
Can I get life insurance if I have a pre-existing medical condition?
Yes, it is possible to get life insurance with a pre-existing condition, although it may affect the cost of your premiums. Some insurers may offer standard rates, while others may require additional underwriting. It’s a good idea to compare policies and providers to find one that suits your needs.
Will my life insurance premiums increase as I get older?
If you have a term life insurance policy, your premiums are typically fixed for the duration of the term. However, with whole life insurance, your premiums are usually fixed for life. If you have a renewable policy (like some term insurance), the premiums may increase when you renew the policy, particularly as you age.
Can I change my life insurance policy once it’s been taken out?
If you miss a premium payment, your life insurance policy could lapse (terminate), and you may lose your coverage. Some policies offer a grace period, allowing you a certain amount of time to catch up on missed payments. If you miss multiple payments, the policy may be cancelled entirely. It’s important to stay in contact with your insurer and inform them if you’re having trouble making payments.
Can I cancel my life insurance policy?
Yes, you can cancel your life insurance policy at any time. However, depending on your policy, you may not receive any of the premiums back, especially if the policy is in its early years. It’s important to understand the terms and potential consequences before cancelling, as you may not be able to reinstate the policy or obtain a new one with the same conditions.
Does life insurance cover me if I die abroad?
Most life insurance policies cover death no matter where you are in the world, but some policies may have exclusions for specific regions or countries. Always check the terms of your policy for details, and let your insurer know if you plan to travel or live abroad for extended periods.
Types of Life Insurance Policies
Overview
Most Suitable For
Term Life Insurance
Term life insurance is a simple policy that offers coverage for a set period, such as 10, 20, or 30 years. If you pass away during this time, your beneficiaries receive the agreed payout. If you outlive the policy, it ends without a payout.
Those seeking affordable coverage for a specific period, such as while their children are young or during a mortgage term.
Whole Life Insurance
Whole life insurance provides lifelong coverage, ensuring your beneficiaries receive a guaranteed payout whenever you pass away—as long as premiums are consistently paid. While these policies usually come with higher premiums, they offer lasting peace of mind, knowing your family will be financially protected no matter what the future holds.
People who want lifelong coverage, especially those interested in leaving a sum of money or covering funeral expenses.
Critical Illness
Critical illness insurance offers a lump-sum payment if you’re diagnosed with a qualifying condition like cancer, stroke, or a heart attack. You can purchase it as a standalone policy or add it to your life insurance plan. The payout can help cover medical expenses, replace lost income, or address other financial needs while you focus on your recovery.
Those looking for protection against life-altering health conditions that could impact their ability to work and manage everyday expenses.
Income Protection
Income protection insurance offers financial support by replacing a portion of your income if you're unable to work due to illness or injury. Depending on the policy terms, it provides payments until you can return to work or reach retirement age.
People who want to protect their income in the event of a serious illness or injury that keeps them from working for an extended period.
Family Income Benefit
Family income benefit works much like term life insurance, but instead of providing a lump sum payment, it offers your family a steady monthly income over a set period if you pass away. This can be especially helpful for families who depend on a regular income to manage their day-to-day expenses.
Families that need to replace lost income to maintain their standard of living.
Over 50s
This type of whole life insurance is tailored for individuals over 50 who wish to leave sum of money or cover funeral expenses. With fixed premiums and often no need for a medical exam (depending on the insurer), it offers a straightforward and reliable way to provide financial peace of mind for loved ones.
Individuals over 50 looking for life insurance without the need for a medical exam and who want to leave a small lump sum to their beneficiaries.
Types of Life Insurance Policies
Term Life Insurance
Term life insurance is a simple policy that offers coverage for a set period, such as 10, 20, or 30 years. If you pass away during this time, your beneficiaries receive the agreed payout. If you outlive the policy, it ends without a payout.
Best For:
Those seeking affordable coverage for a specific period, such as while their children are young or during a mortgage term.
Whole Life Insurance
Whole life insurance provides lifelong coverage, ensuring your beneficiaries receive a guaranteed payout whenever you pass away—as long as premiums are consistently paid. While these policies usually come with higher premiums, they offer lasting peace of mind, knowing your family will be financially protected no matter what the future holds.
Best For:
People who want lifelong coverage, especially those interested in leaving a guaranteed inheritance or covering funeral expenses.
Critical Illness
Critical illness insurance offers a lump-sum payment if you’re diagnosed with a qualifying condition like cancer, stroke, or a heart attack. You can purchase it as a standalone policy or add it to your life insurance plan. The payout can help cover medical expenses, replace lost income, or address other financial needs while you focus on your recovery.
Best For:
Those looking for protection against life-altering health conditions that could impact their ability to work and manage everyday expenses.
Income Protection
Income protection insurance offers financial support by replacing a portion of your income if you're unable to work due to illness or injury. Depending on the policy terms, it provides payments until you can return to work or reach retirement age.
Best For:
People who want to protect their income in the event of a serious illness or injury that keeps them from working for an extended period.
Family Income Benefit
Family income benefit works much like term life insurance, but instead of providing a lump sum payment, it offers your family a steady monthly income over a set period if you pass away. This can be especially helpful for families who depend on a regular income to manage their day-to-day expenses.
Best For:
Families that need to replace lost income to maintain their standard of living.
Over 50s
This type of whole life insurance is tailored for individuals over 50 who wish to leave an inheritance or cover funeral expenses. With fixed remiums and often no need for a medical exam (depending on the insurer), it offers a straightforward and reliable way to provide financial peace of mind for loved ones.
Best For:
Individuals over 50 looking for life insurance without the need for a medical exam and who want to leave a small lump sum to their beneficiaries.
Elsbylife Solutions is a trading name of Just Mortgages Direct Ltd, which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
Just Mortgages Direct Ltd registered office: Colwyn House, Sheepen Place, Colchester, Essex, CO3 3LD Registered in England & Wales No 2412345.