11 Purdeys Way, Rochford, England, SS4 1ND
11 Purdeys Way, Rochford, England, SS4 1ND
Business Protection Experts
Independent UK Broker
Trusted by UK Directors Since 2008
Insurers we regularly work with
Life insurance is invaluable for many that want to give their family/loved
ones the protection of a payout after they have passed away.
Life insurance is one of the most valuable ways to protect your family or loved ones financially if you were to pass away. A life insurance policy is designed to pay out a lump sum to your family if you die during the term of the cover, giving them financial support when they need it most. Life insurance providers in the UK offer this cover through a variety of routes. You can buy a policy individually, or you may get it through your employer, for example as death in service cover, group life cover, or a relevant life policy. Many people take out a life insurance policy when they buy a home or become parents, to make sure their family’s debts are paid off and their finances stay secure.
When taking out life insurance, you choose a sum insured (the payout amount) and a policy duration (the term). You then pay a set monthly premium to keep your cover active. If you pass away during the policy term, the insurer pays the agreed sum to your named beneficiaries.
When deciding on your coverage amount, consider your household’s total financial commitments, including mortgage balances, loan repayments, and ongoing living expenses. Most UK mortgage lenders recommend securing life cover so your dependants are not left managing mortgage debt alone.
Beyond standard term insurance, you can also choose decreasing term cover, which pays out less the further into the policy you get, or level term cover, which pays the same amount regardless of when you die. Each type has its own costs and conditions, so it is worth understanding the small print before you commit.
When you are thinking of purchasing life insurance, it is important to consider other types alongside term insurance. You can also purchase decreasing term life insurance – although this will result in less of a payout if you pass away near the end of your policy or level term life insurance which will pay out the same amount of money, no matter when you pass away. These types of insurance, alongside the ones listed above, will each have their own payment process/conditions. It is therefore important that you are aware of the type of insurance that you have purchased and how it differs from other forms in terms of its small print and costs.
There are several types of life insurance available (depending on the insurer that you choose), including:
You can also look into policies that include your partner or add critical illness cover. Joint policies are ideal if you have just bought a house, giving your partner the financial cover they need if the unexpected happens. Critical illness cover pays a tax-free lump sum if you are diagnosed with a critical medical condition, though it can raise your monthly premium and usually will not pay out if you or your loved one passes away within 14 days of diagnosis.
If you are on the hunt for life insurance quotes, it is a good idea to know
what to look out for.
Through our website, you can compare life insurance quotes and get a quick quote that will help you to narrow down the options. You should look at what each of the life insurance policies covers, what they don’t cover, the amount that they cost and how long the cover is applicable for. The price of the life insurance will depend on your lifestyle – and the cost will be higher each month if you are considered as a high risk – i.e. if you have a medical condition, if you smoke, if you are overweight, etc.
When comparing, you should also look at the ratings of each insurer. If the provider has a notoriously low payout, they probably aren’t the most reliable. However, through our website, we only have the most suitable selection of providers to choose from, with reliable and trustworthy services.
If you are looking for life insurance quotes, it helps to know what to compare. Through our website, you can compare life insurance from a range of trusted life insurance companies and get a quick quote to help narrow down your options. Look at what each policy covers, what it excludes, how much it costs, and how long the cover lasts. Your price will depend on your lifestyle, and costs tend to be higher if you are considered higher risk, for example if you smoke, have a medical condition, or are overweight. It is also worth comparing life insurance companies on their reputation and payout record. A provider with a poor payout history is not one you want to rely on when your family needs it most. Through us, you only see a selection of reliable, trustworthy providers. Always read the terms and conditions carefully so you know exactly what is and is not included before you buy. Do not leave it too late. As soon as you have people relying on you financially, or you take out a mortgage, it is worth comparing life insurance quotes. We won’t be beaten on price, so get your quote today using our simple form or by calling us on 02071128844
3 Simple Steps.
Submit: Submit the details of the key member of staff.
Compare: Compare the quotes.
Apply: Submit application to underwriting.
What people are saying about us.
Jody was very helpful in explaining the options and I thoroughly recommend his company
We received a wonderful service from mykeyman and will be using them again. The service and product knowledge from team is excellent. Everything was made easy to understand. The price was the most suitable we found too.
I had a great time working with My Key Man Insurance when I applied for the different insurances they offer. They were able to answer all of my questions quickly and effectively. I will recommend them to my friends and family.
Jody was very helpful in explaining the options and I thoroughly recommend his company
The standard of service was first class. They kept me up to date with progress on my Relevant Life Policy, followed up promptly following delays caused by my medical practice being slow in compiling reports, and responded instantly and clearly to any questions I had.
We received a wonderful service from mykeyman and will be using them again. The service and product knowledge from team is excellent. Everything was made easy to understand. The price was the most suitable we found too.
Jody was very helpful in explaining the options and I thoroughly recommend his company
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This will depend on your personal circumstances and the amount of coverage that you require. In order to calculate the amount that you need, you will have to consider the length of time, how much you can afford to pay each month and other aspects – which will be factored into which provider you choose.
Life insurance costs depend on your age, health status, smoking habits, cover amount, and policy length. Younger, healthier applicants secure the lowest monthly rates. Comparing quotes across top UK insurers is the fastest way to find a policy tailored to your budget.
For most people with a partner, children, or a mortgage, life insurance is worth it. It protects your loved ones from being left with debts or a sudden loss of income, for a monthly premium that is often more affordable than people expect.
