It is an insurance policy that pays out a lump sum to your loved ones when you die.

You can get a quote for life insurance online, or by speaking to a specialist adviser over the phone or in person.

How does life insurance work?

You have to pay a premium each month until the end of your policy's term, e.g. 20 years. You are only eligible for a payout if you die during the term of your policy.

However, a life assurance policy does not have a fixed term, and is designed to pay out whenever in your life you pass away.

How to choose the right life insurance

To get the best life insurance policy, you need to consider:

  1. 1.

    The amount of cover you need: This is how much an insurer will pay out to your loved ones when you die. The more cover you get, the higher your premiums will be.

  2. 2.

    The length of cover you want: This is how long you want the policy to last, e.g. 30 years. If you die outside of this term, you will not get a payout.

  3. 3.

    Whether to choose level or decreasing cover: Level cover keeps your payout the same, but decreasing cover reduces it over time but is usually cheaper.

Once you work out what type of cover you need, you can use this comparison to get quotes to find the best price online.

Choose an amount of cover

Work out how much cover you need by deciding if you need the insurance policy to:

  • Pay off your mortgage if you die

  • Give financial support to your family when you are no longer around

Most life insurance companies let you choose an amount of cover that goes above any amount you need, like 10 million.

Choose a length of cover

Once you know how much cover you need, you can decide how long you need it for:

  • If you want life insurance to pay off your mortgage, you could choose a term that matches how long it will take to completely pay your mortgage off.

  • If you want insurance to support your family, you could choose a term that matches when your children are old enough to move out on their own.

Life insurance FAQs


How much does life insurance cost?


The price is based on your age, how much cover you want, how long you want it for, and your medical history. Here is how to cut the cost of life insurance.


Is life insurance guaranteed to pay out?


Only if your cause of death is covered in your policy, and you die during the term of the policy. Here is more on how life insurance works.


Can I have more than one life insurance policy?


Yes, but you may find it cheaper to have one policy that gives you the exact cover you need. Use this comparison to get quotes to find the best price.


Can I get a joint life insurance policy?


Yes, but you both have to qualify for the policy and get accepted by the insurer when you apply. Compare joint life insurance policies here.


Can I still get life insurance if I have poor health?


You may find it harder to get cover if you have any health issues. Get as many quotes as you can until you get accepted for the cover you want.

About our life insurance comparison


Who do we include in this comparison?


We include life insurance available from our panel of insurers. They are regulated by the Financial Conduct Authority (FCA).

Here is more information about how our website works.


How do we make money from our comparison?


We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.