The most popular type of life insurance. Your cover amount remains the same for the life of the policy.
This life insurance aims to pay off your mortgage if you die. Cover reduces roughly in line with a re-payment mortgage.
An optional extra available on all life insurance policies. Provides a lump sum payment on the diagnosis of certain serious illnesses.
Writing your policy in trust can help avoid inheritance tax and get a claim paid faster. Often considered a complex subject, we’ll explain how it works in clear and simple terms.
An alternative to level term life insurance. This policy is designed to provide a monthly benefit that can be used by your loved ones if you die.
Proudly independent and impartial working with all these major UK insurers
Our premiums are cheaper for the same cover
| Compare providers | Moneyworld | Money Supermarket | Compare the Market | Go Compare | Confused.com |
|---|---|---|---|---|---|
| 30 year old non-smoker | £6.14 | £8.49 | £8.39 | £8.64 | £8.64 |
| 30 year old smoker | £10.23 | £14.67 | £14.50 | £15.17 | £15.17 |
| 2x 45 year old non-smokers | £36.29 | £48.38 | £49.32 | £53.94 | £53.94 |
Monthly premiums for £250,000 level term insurance over 25 years.
Assumes person is in good health. Correct at 5th November 2024.
What is life insurance?
The most straightforward type of life insurance pays out a chosen amount of money if the person insured dies. Cover is often taken out to provide for loved ones or to pay off a mortgage in the event of death. You’ll need to decide how much cover you would like and how long you’d like the policy to run for.
How does life insurance work?
You choose how much cover you want and how many years you want cover for. You’ll pay a monthly premium to the life insurance company for as long as you keep your policy. If you die during the life of your policy, the amount of cover you’ve chosen will be paid out by the insurer.
It really depends on your circumstances. An average single person with no dependants probably doesn’t. The main earner in a family with children almost certainly does! It’s not a nice subject but imagine how your loved ones would cope financially if you weren’t around
Our most common question by far. The answer is that it depends entirely on your circumstances. A couple purchasing their first property together on a tight budget might want just enough cover to pay off the mortgage if one of them were to die. Another couple, with a larger mortgage and two children, may want enough cover to pay off the mortgage, cover the costs involved in raising children and provide for their surviving spouse/partner.
Life insurance policies can pay big commissions to the broker/comparison site. If the broker keeps this commission it makes your premium more expensive. We sacrifice the commission and just charge £25. That’s why your premiums are cheaper with us.
Strange as it may seem this is often the most expensive way to buy life insurance. The commission that would normally be paid to a broker is kept in full by the insurance company.
If you think you need advice to decide which type of insurance is right for you then call 0800 464 0646 to speak to an adviser or complete the call-back form.
Moneyworld is working in partnership with Vita, an independent whole of market insurance broker. Vita shares our values, there’s no hard sell, no pushy sales people, just fair and honest advice tailored to your circumstances.
