Life Insurance For Freelancers
- Protect your family for less than £6 a month*
- Your premiums will never increase
- Awarded ‘Best Life Insurance Provider’ by YourMoney.com 2023
Life insurance for freelancers
Being a freelancer has a number of benefits. You have the flexibility to decide when and where you work. You have the potential to increase your earnings compared to being an employee, and you’re your own boss.
But it can have its downsides too. Without the security of an employer, what happens if you die? How do you know if your family will be protected? Life Insurance for freelancers is essential.
Does life insurance cover freelancers?
Life insurance protects your family and dependents financially if you pass away. And it does cover freelancers.
Being a freelancer brings an element of financial jeopardy to your day-to-day life, as the onus is constantly on you to find work and ensure you’re financially secure. By having life insurance in place, you’ll have the security to know your family is financially protected after your death.
What life insurance is best for freelancers?
The best life insurance for you will depend on your personal circumstances. Do you own a home? Have you got kids? If so, you’ll need to think about getting the right protection in place.
At Beagle Street, we help you find a tailored life insurance policy taking into account the amount of cover and policy duration that’s right for you and your family. Some of our self-employed or freelance customers opt for policies to cover their mortgage to make sure their family could keep their home. Often this will be decreasing term cover that decreases in line with the money owed on a mortgage. Others prefer to leave a cash sum to their children to make sure they have the right start in life without them. This will be in the form of level term cover where the payout remains the same throughout the duration of the policy.
How much does freelancers life insurance cost?
The cost of life insurance for freelancers will depend on a variety of factors. The type of cover and the length of the term will play a part, as will your age, health and wellbeing – for example if you are a smoker or have any pre-existing medical conditions it can have an impact. When you apply for life insurance for freelancers with us at Beagle Street, it’s important to be open and honest about your health.
You will need to tell us:
- Your age – the older you are, the more your policy will cost as you are more likely to get a serious medical condition that could impact your health.
- The type of cover – level cover tends to be more expensive than decreasing cover.
- The length of cover – you can decide to cover just the length of your mortgage or wait until your children are a certain age.
- Your health status – being a smoker or heavy drinker can affect your premiums.
- Any pre-existing medical conditions – these include heart attacks or diabetes for example.
You must also be a UK resident aged over 18 to apply for life insurance with us.
Do I need specialist freelancers life insurance?
At Beagle Street, we build our life insurance policies around the needs of our customers. It will take into account your personal circumstances, including your employment status, as well as how you want to protect your family after you’re gone.
We can tailor a policy that gives you and your family the peace of mind to know they will have enough cover. Life insurance for freelancers is essential when you don’t have the security of a Death in Service benefit from an employer.
Will critical illness cover payout and cover freelancers?
Critical illness cover can support you and your family financially, by paying out a lump sum if you ever became unwell with a serious condition such as cancer, heart attack or stroke. It can bring financial protection if you can’t work.
If you work for yourself, it’s vital to think about critical illness cover. This is available for freelancers at Beagle Street and can be added to your life insurance policy.
Life insurance and critical illness cover for freelancers
As a freelancer, the financial security of your family will always be front and centre in your mind. With life insurance and critical illness cover for freelancers from Beagle Street you can keep them protected if you’re unable to work due to illness or if you pass away.
Get a quote today or speak to the team
At Beagle Street we’re here to support you through the application process. If you’re ever unsure about any of the questions in the application, we have a team of experts on hand to help.
or call us
0800 048 0480
Included with every Beagle Street policy
Estate planning kit
Accidental death benefit
Early funeral payout
Amazon gift card^
Free Beagle soft toy^
*Based on a 30 year old non-smoker, £200k decreasing term cover for 20 years
^Available only when purchasing a policy directly through Beagle Street. Within 60 days of paying the 2nd monthly payment, the soft toy will be dispatched. The gift card value varies depending on monthly premium. Within 30 days of paying the 6th monthly payment, you will receive an email to claim your e-gift. Full Terms and Conditions