Life Insurance
If the worst happens, life insurance pays your family a tax-free lump sum so they can keep their home and cover everyday costs. We search the whole market for the right cover at the right price.
- Whole-of-market cover
- Free, no-obligation advice
- Real claims support
Life insurance is one of the simplest ways to look after the people you love. You pay a monthly premium, and if you die during the policy term your family receives a tax-free cash sum. That money can clear the mortgage, replace your income and give them time to grieve without worrying about bills. We are not tied to any insurer, so we compare the whole market and recommend the cover that genuinely fits your life and your budget.
Types of cover we arrange
There is no single best life insurance, only the right one for your situation. These are the main options we compare for you.
Level term insurance
A fixed cash sum over a fixed term, usually 10, 20 or 30 years. The payout stays the same throughout, which suits family protection, interest-only mortgages and debts you want to cover in full.
Decreasing term (mortgage protection)
The cash sum reduces over time to roughly track the falling balance of a repayment mortgage. It is designed to clear your home loan if you die during the term, and is usually cheaper than level term cover.
Whole of life cover
Cover that never expires and is designed to pay out whenever you die, as long as premiums are maintained. It is often used for funeral costs or inheritance tax planning rather than a mortgage.
Family income benefit
Instead of one lump sum, this pays your family a regular tax-free monthly income until the end of the term. It can be easier to budget around and is often a lower-cost way to protect day-to-day living costs.
Writing your policy in trust
We can help you place the policy in a trust, usually at no extra cost. This can mean the payout reaches your family faster and falls outside your estate for inheritance tax purposes.
Single or joint cover
Cover one person on a single policy, or a couple on a joint policy. A joint policy is often cheaper but usually pays out once, on the first death, so we will explain when two single policies protect you better.
How it works
Tell us about you
We talk through your health, your mortgage, your income and who depends on you. This helps us understand how much cover you really need and for how long.
We compare the whole market
As an independent broker we search across leading UK insurers, weighing up price alongside the policy terms and definitions, not just the cheapest headline premium.
We recommend and set it up
We explain our recommendation in plain English, help you apply, and where it makes sense we can write the policy in trust so any payout reaches your family quickly.
Why arrange your cover with us
Buying direct ties you to one insurer's products and prices. As a whole-of-market broker we work for you, not the insurer, and explain everything in plain English so you know exactly what you are buying.
Whole-of-market, impartial advice
We are not tied to any single insurer, so we compare leading UK providers on both price and the quality of their policy terms.
Fee-free, no-obligation
Our advice costs you nothing because we are paid by the insurer. You get expert help with no pressure to proceed.
Polish-speaking advisers
If it is easier to talk things through in Polish, we can do that, so nothing important gets lost in translation.
Policies in trust and extras explained
We can write your policy in trust for a faster payout outside your estate, and explain optional extras like critical illness and waiver of premium.
Ask us about writing your policy in trust
Placing a life insurance policy in trust is usually free and can make a real difference. It can help the payout reach your family faster, without waiting for probate, and the money normally falls outside your estate for inheritance tax. We can set this up for you when we arrange your cover.
Comparing the main types of life cover
The right cover depends on your circumstances. This is general guidance to show how the main options differ.
| Type of cover | How it pays out | Best for |
|---|---|---|
| Level term | Fixed lump sum during a fixed term | Family protection, interest-only mortgages, debts |
| Decreasing term | Lump sum that reduces over the term | Repayment mortgage protection, lower cost |
| Whole of life | Lump sum whenever you die, no fixed end | Funeral costs, inheritance tax planning |
| Family income benefit | Regular tax-free monthly income to term end | Replacing income, easier household budgeting |
Protect the people who matter most
Get free, no-obligation advice from an FCA-regulated adviser. We will work out how much cover you need and search the whole market for the right policy at the right price.
Free, impartial advice. Polish-speaking advisers available.
Life insurance questions
Do I actually need life insurance?
It depends on who relies on you. If you have a mortgage, children or anyone who would struggle financially if your income stopped, life insurance is well worth considering. If you have no dependants and enough savings or a partner's income to cover everything, you may not need it. We will give you an honest view either way.
How much cover should I have?
A common rule of thumb is to cover your outstanding mortgage and debts, plus a multiple of your annual income so your family has time to adjust. The right figure is personal, so we work it out with you based on your mortgage, your income and the lifestyle you want to protect.
What is the difference between level and decreasing term?
Level term keeps the cash sum the same throughout, which suits family costs, debts and interest-only mortgages. Decreasing term reduces the cash sum over time to track a repayment mortgage balance, so it is often used purely to clear the home loan and is usually a little cheaper.
Is the payout taxed, and what does writing it in trust mean?
A life insurance payout is normally free of income tax and capital gains tax. However, if the policy is part of your estate it could be caught by inheritance tax. Writing the policy in trust usually keeps the payout outside your estate for inheritance tax and helps it reach your family faster. Tax treatment depends on your circumstances and may change.
What is the difference between life insurance and whole of life cover?
Most life insurance is term cover, meaning it runs for a set number of years and only pays out if you die within that term. Whole of life cover has no fixed end date and is designed to pay out whenever you die, as long as you keep paying premiums. Whole of life is typically dearer and is often used for funeral costs or inheritance tax planning.
Can I change my cover later?
Yes. Life changes, so your cover can change too. If you move home, have children or take on a bigger mortgage you can usually take out new or additional cover. We are happy to review your existing policy and let you know if a better option is available.
What happens if I outlive the term?
With term life insurance, if you are still alive at the end of the term the policy simply ends and there is no payout or refund of premiums. That is normal and is why term cover is more affordable. If you want cover that lasts for life, whole of life cover is the alternative we can discuss.
Why use a broker instead of buying direct?
Buying direct limits you to one insurer's products and prices. As a whole-of-market broker we compare leading insurers on both price and policy quality, handle the application for you and can write the policy in trust. Our advice is fee-free because we are paid by the insurer, so you get expert help at no cost to you.
Let us talk through your options
Your first consultation is free and there is no obligation.
Albion Financial Advice provides regulated mortgage and insurance advice where applicable. Your home may be repossessed if you do not keep up repayments on your mortgage. Wills, estate planning and some forms of business and buy-to-let insurance are not regulated by the Financial Conduct Authority. Information on this page is general only and does not constitute financial advice.