Life Insurance

Life insurance is designed to provide a financial safety net for you and your family should the worst happen. Your family can use the money however they like, but often it helps to pay off the mortgage and cover rent, household bills and living costs.

Not everyone needs life insurance, so it’s worth <getting a quote> or <having a chat with an expert> to talk through your personal circumstances and work out what you need. You can choose how much cover you want and how long it will last.

Being diagnosed with a critical illness can have a serious impact on your ability to work and therefore pay for financial commitments. A critical illness policy pays out a lump sum on diagnosis of a specified life-changing illness or condition.

Exactly what illnesses are covered differs between insurers – which is why it’s important to go online or chat to a LifeSearch advisers, before taking out a policy.

Income protection insurance goes towards replacing some of your monthly income if you’re unable to work due to illness or injury. It pays a tax-free monthly income until you return to work, retire, or the policy expires.

Whether employed or self-employed, this type of cover is designed to support you and your family by providing money for a mortgage, rent, regular outgoings and to help maintain your lifestyle.

If you’ve got a family you want to protect when you’re no longer around or unable to work, there are a few key questions to ask yourself:

• What money would pay the mortgage each month?
• What changes would my family need to make financially?
• Do we have savings or assets that could support the family?
• What would happen if my family lost my income?

1. Choose the cover you want – how much you want to pay and for how long
2. Apply online or speak to an adviser – make sure all your information is correct
3. Make a claim – your loved one can make a claim during the policy term
4. Receive the benefit – we make every claim as efficient as possible

You’re not covered if you:

• Stop paying your premiums (monthly payments)
• Don’t provide correct information at the time you take out the policy
• Die, become terminally ill or are diagnosed with a critical illness outside of the term of your policy