Cover for your family

If your family relies on you financially, it’s worth thinking about an insurance policy. You don’t know what lies ahead, but you can make sure your loved ones are protected.

Find out what type of cover is right for you and your family. We can help you understand:

  • Life insurance
  • Income protection insurance
  • Critical illness insurance.

Life insurance 

With this type of cover, your loved ones could receive a cash lump sum if you die. It can help to know that if anything happens to you, they’ll have financial support.
 

Policy types

Term life insurance policy:

  • Has a term of 5, 10, or 25 years.
  • Pays out if the policyholder dies during the term – it’s often linked to a mortgage.
  • You won’t receive a lump sum at the end of the policy term.

Whole-of-life policy:

Pays out when the policyholder dies. To receive the payout, you must keep up with your premium payments.

Benefits of life insurance

  • Financial security and peace of mind for you and your loved ones.
  • Help covering outstanding debts or to pay for funeral costs.
  • A cash lump sum if you die before your policy ends.

Good to know

There are various factors that could impact your monthly payment.

Personal considerations: Your age, health and lifestyle can impact your monthly premium.

Policy considerations: The policy type, length of term and level of cover will impact the amount you pay each month.

Remember, you might lose your cover if you don’t keep up with your monthly payments.

Get life insurance

Learn more about our life insurance products and the policy terms.

More on life insurance

What is critical illness cover?

Financial support for you and your family, when you need it most.
 

A quick summary

If you’re diagnosed with a serious or life-changing illness before your policy ends, you could receive a lump sum payment.

The payment can help with your day-to-day costs, medical expenses, or loss of income. So you’ll be able to focus on your health.

Benefits of critical illness cover

  • If you are diagnosed with an illness covered by your policy before it ends, you get a cash lump sum.
  • Gives financial help for you to keep up with daily living costs.
  • Financial peace of mind so you can focus on your own health.

Good to know

There are various factors that could impact your monthly payment.

Personal considerations: Your age, health and lifestyle can impact your monthly premium.

Policy considerations: The policy type, length of term and level of cover will impact the amount you pay each month.

Remember, you might lose your cover if you don’t keep up with your monthly payments.

Get critical illness cover

Find out more about our critical illness cover products and the policy terms.

More on critical illness cover

Income protection insurance

A long-term policy that makes sure you get a regular income if you can't work.
 

Benefits of income protection insurance

  • Covers most illnesses, accidents, or injuries that could stop you from working for a short or long time. To receive payments, your illness or injury must be covered by the policy.
  • You can claim as many times as you need to.
  • Payments will continue until the end of the policy term, you go back to work, you retire, or you die.
  • Tax-free monthly payments are usually up to 50 - 60% of your usual income (before tax).

When will I start getting payments?

Often, you’ll have to wait for your sick pay to end or other insurance policies to stop covering you before your payments can start. Your premiums will be lower the longer you wait.

Discover more about income protection insurance on the MoneyHelper website.

Extra support

Savings calculator

Try our calculator to find out how much you need to put away to hit your savings target.

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Tips to help you save

Get helpful information on how you can grow your savings and cut your spending.

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The right plan for you

Whatever stage of life you’re at, we could help you make a financial plan that’s right for you.

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Family finances

Helping you to support your children to grow money confident.

Family finances

Family finances

Helping you to support your children to grow money confident.

Family finances