Different types of life insurance

Different types of life insurance

Different types of life insurance

When thinking about life insurance, it’s important to understand all of your options – starting with the question of whether you’d like the cover amount to stay the same throughout the length of a policy, or decrease over time. Our simple guide explains the difference between the three main types of life insurance.

Daniel Hutson From the Life team
3
minute read
posted

What other types of life insurance cover are there?

There’s a wide range of other types of life insurance policies to shop around for. The most suitable one for you will depend on your individual circumstances. These include critical illness cover, joint life policies, pension term insurance, family income cover and over 50s life insurance.

What other types of life insurance cover are there?

Which policy should I choose?

Deciding which type of life insurance is right for you and your family depends on how much money you think you’ll need to support your dependents if you were to pass away. This sum should take into account their living costs, as well as any outstanding debts or repayment plans.

What affects the cost of life insurance?

There are many things that affect the monthly premium you’ll pay. As well as the level of cover you want and how long you’d like it to last – your age, family health history and lifestyle will all be taken into account. 

What affects the cost of life insurance?

When should I get life insurance?

There’s no such thing as the ‘right’ age to get life insurance. Typically, people tend to think about life insurance after moving house, getting married or having a baby. But, generally speaking, it’s a case of the sooner the better, as you’re more likely to be offered a lower monthly premium when you’re younger as you’re seen as less of a risk to an insurance provider.  

Where can I compare life insurance?

Having a life insurance policy offers you peace of mind that if you were to pass away, you’ll be leaving your dependents with adequate financial support. We’re here to make comparing life insurance cover as quick and simple as it can be. 

Where can I compare life insurance?

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