Term Life Insurance Compare Quotes From £5/Month*

Term life insurance is a type of life insurance that provides cover for a fixed number of years. If you pass away during the policy term and a valid claim is made, the policy can pay out a cash lump sum to your beneficiaries.

You choose the amount of cover you need and how long you want the policy to last. You then pay regular premiums to keep the policy active. If you pass away during the term, the policy can pay out, subject to the policy terms and conditions.

A term life insurance payout could be used by your loved ones to help with mortgage payments, household bills, childcare costs, debts, funeral costs or general family living expenses.

Term life insurance covers you for a fixed period, such as 10, 20 or 30 years, and only pays out if you pass away during that term. Whole life insurance is designed to last for life and pay out whenever you pass away, as long as premiums are maintained and the policy terms are met.

Level term life insurance keeps the amount of cover the same throughout the policy term. This means the potential payout remains fixed, which can be useful for helping protect family costs, an interest-only mortgage or other financial commitments.

Decreasing term life insurance is designed so the amount of cover reduces over time, usually in line with a repayment mortgage. It is often used as mortgage life insurance and can be cheaper than level term cover because the potential payout decreases during the policy term.

The right policy length depends on what you want to protect. Many people choose a term that matches their mortgage, the years until their children become financially independent, or the length of time their family would need financial support.

Yes, many providers allow you to add critical illness cover to a term life insurance policy. This could pay out if you are diagnosed with a serious illness covered by the policy, depending on the terms and conditions.

The cost of term life insurance depends on your age, health, smoking status, medical history, lifestyle, the amount of cover you choose, the policy term and the type of cover selected. Comparing quotes can help you find suitable cover at a competitive price.

You can compare term life insurance quotes by choosing the amount of cover you need, how long you want the policy to last, whether you want level or decreasing cover, and whether critical illness cover should be included. Comparing different providers can help you find cover that suits your family and budget.