Family Life Insurance - Term Lump Sum

This is the simplest type of life insurance for the family to pay out a lump sum. It is known as term insurance because the cover runs for a set term ie; how long you're covered for, say, 15 or 30 years ( the term ).

Term life assurance only pays out if you die within that term you've agreed. If you live longer this you usually get nothing, as most plans have no surrender value. As a couple, you can also take out joint Family Life Insurance term cover in both your joint names, with the policy paying out if either of you die during the term upon 1st death.

Also consider how large the family life assurance cover you need ie; common practise was 10 x salary. Things to look out for if requesting this type of life insurance for a family ?
For example

• Increasing family life insurance policy (where cover & premiums rise over the years)
• Renewable policies (which let you extend the original term).
• Guaranteed (where life insurance premiums stay the same throughout the term)
• Reviewable premiums (where life cover premiums may go up every year or 5 years gone up at a review)
• Waiver of Premium (where the Insurer waives/protects & covers your premiums after a deferred period of 4/8/13/26 weeks due to sickness or accident)

Family Life Assurance - Income Benefit

This policy pays out income via life insurance to your Family, rather than a lump sum & maybe suitable for those who require income for their family on death. However in essence this is reducing cover as the income paid out would only be the balance of the term. This Family Life Insurance or Family Income Benefit plan may be increasing to help offset inflation. 

This website is intended for UK consumers & any information contained therein is for Generic Guidance only and is not to be construed as advice. 
For protection we offer products based on a fair and personal analysis. 

By completing one of our no obligation quotation request forms, you may be provided with comparison protection quotes, key facts from leading Providers - based just on the basic information you have provided. Note: These quotes will not take account of any personal, health or lifestyle issues unless a full application is completed. You also consent for us to then kindly contact you by phone - where we may offer Professional Broker help & guidance if needed. We may as appropriate then help to arrange a suitable protection policy based upon your own circumstances & needs after a further review by "advice & recommendation". This will usually be on a non face to face basis. ‘As with all insurance policies, conditions and exclusions will apply’

 For products with an investment element we will introduce you to an authorised adviser. We act as introducers for Accident, Sickness and Unemployment and Mortgage Payment Protection Insurance plans. We may also introduce you to other selected professional partners for other protection or legal products as deemed appropriate. Online Dispute Resolution (ODR) - https://webgate.ec.europa.eu/odr/main/index.cfm?event=main.home.chooseLanguage. Financial Ombudsman. https://www.financial-ombudsman.org.uk We nominate to fundraise for Great Ormond Street Hospital Charity.

UK Life Insurance Quotes is a trading style of Martyn Spencer which is an appointed representative of Stonebridge Mortgage Solutions Ltd which is authorised and regulated by the Financial Conduct Authority FCA. FCA Register No: 416331

 Here at Uk Life Insurance Quotes we take your privacy seriously. Subject to GDPR rules 2018 - We will only use your personal details provided to help provide & arrange the various products & services you have requested via us as brokers. We are registered to comply with the GDPR / Personal information is secure online, not misused or sent via spam. T&C:Cookies   
* Note: re any 3'rd Party Website links - You are now leaving the regulated site of Uk Life Insurance Quotes.
Neither ourselves, nor Stonebridge Mortgage Solutions Ltd, is responsible for the accuracy of the information contained within the linked site. 
Uk Life Insurance Quotes 2022
Broker Registered Office: Clyde Cottages Stafford ST20 0BU