Have Peace Of Mind With Life Insurance
£200k cover for less than £6 a month*- Your premiums will never increase
- Single and joint policies available
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Get a Gift Card worth up to £100 plus a free Beagle Soft Toy^
Get a Gift Card worth up to £100 plus a free Beagle Soft Toy^
What is life insurance?
Life insurance is a policy to protect your family and dependants’ financial security by leaving them a lump sum if you pass away.
With Beagle Street you are insured from the moment you purchase your policy, meaning you will have the peace of mind that those you care about most will be looked after.
This will help them continue their lives once you are gone and protect the legacy you were building for them.
- How much life insurance do I need?The amount of life cover you need should be enough to maintain your loved one’s standard of living if you die. This could help provide your family with financial security for the future.Continue reading
- How long should I get life insurance for?Think about the reason you've taken life insurance, and who will get the lump sum payout if you died. You might have a young child who chooses to go to university one day, so making sure your life insurance covers that period of time could help provide financial security.Continue reading
How does life insurance work?
Life insurance pays out a lump sum when you die so you know those you leave behind can be financially secure. You can select the cover amount and policy duration based on your unique circumstances and what you’re looking to protect.
Some of our customers choose policies just to cover their mortgage to ensure their family could keep their home if you died, this is called decreasing term cover. Others prefer to leave a cash sum to give their children a good start in life without them, this is called level term cover.
There’s not a one size fits all approach to life insurance, that is why we give everyone the choice to tailor their cover amount and policy duration based on what you want to protect.
Why should I take out life insurance?
Everyone has their own reasons for taking out life insurance, but typically it is because they have someone who would be financially impacted by their death. This could be used for:
Protect your home
Paying for your home is often the biggest debt in your life. Life insurance can help to pay off your mortgage or cover your rent, to ensure your family could keep your home if you died.
Funeral costs
Upon your death, your family will be left with unexpected expenses such as funeral costs. Life insurance can cover these costs and provide your loved ones peace of mind.
Debts
If you have any debts or joint loans that your family would need to cover if you died, they can be paid off with your life insurance.
Bills and essentials
If your family would struggle to pay the bills without your income, life insurance can protect your loved ones and ensure the essential expenses are covered.
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 us0800 048 0480
Included with every Beagle Street policy
Estate Planning Kit- Terminal illness cover
- Early funeral payout
- Amazon Gift Card^
- Free Beagle Soft Toy^
Level Term
Level term life insurance pays out a fixed amount of money upon death that never goes down. This means you know exactly how much your loved ones would receive if you were to pass away.
The payout and premiums are decided at the start of the policy and never change, so you can be sure about your premiums in life and how much your family will receive in death.
Decreasing Term
Decreasing term life insurance is a policy designed to cover large debts such as a mortgage. The amount of cover decreases over the course of the policy as you pay your mortgage off and this debt therefore decreases.
These policies are more affordable than level term policies but could ensure your families biggest assets are protected.
Should I get a single or joint policy?
A single life insurance policy only covers the policy holder and will therefore only pay out if they die, whereas joint life insurance covers a second person under the same policy.
A joint policy is typically cheaper than two separate policies although you can only make one claim on the policy. These are suitable for several circumstances such as a mortgage, shared debt or responsibility.
Some couples prefer to have two single life insurance policies, which ensures the surviving partner still has cover after the first death. These policies are more common where there is a child or dependent.
How much does life insurance cost?
Our premiums vary depending on the length, type of policy and amount of cover you need as well as your personal circumstances such as age, health and lifestyle.
The length of cover
The length of your cover depends on what you would like to protect. Everyone is different; some customers will purchase a policy aligned to the length of their mortgage, whereas others will select a policy that provides a pay out until their children can fend for themselves.
The type of policy
The type of policy you choose can affect your life insurance premiums. Level term policies are usually more expensive, as the pay-out stays the same. Decreasing policies tend to be cheaper as the amount of cover decreases over the course of the policy in the same way your debt decreases.
The amount of cover
The amount of cover you need should be based on your unique circumstances and your reasons for getting it. Some people want to protect a their house, some people want to leave a deposit for their children. Everyone is different, that’s why at Beagle Street you can tailor your policy to the needs of you and your loved ones.
Your health and lifestyle
Premiums vary depending on your personal circumstances such as age, health and lifestyle. These matter as they impact the chances of you developing a critical illness that could lead to death. We base our premiums on the likelihood of this happening although sadly life isn’t as straight forward as this which is why healthy people still need life insurance.
How long does a claim take?
Once a claim has been approved the money will be transferred within a few days if a trust is in place. However, if there’s no trust it will have to go through probate which can take a lot longer.
To help with the immediate financial impact of your passing, Beagle Street offer an early funeral payout which provides an advance of up to £5,000 to cover the cost of the deceased’s funeral if your pay out is delayed in probate. This will help relieve some immediate financial burdens for your loved ones.
- Life insurance payoutsAt Beagle Street, our straightforward claims process is backed by an expert team. All claims are treated with care and we aim to provide a claim decision as quickly as possible. Continue reading
- How much would your life insurance payout be?As part of your life insurance application, you’ll choose an amount you’d like to be covered for so if you die this will be the cash lump sum your loved ones receive. Continue reading
Do I need to plan for my death?
Although it’s not exciting, putting your end of life affairs in order will really help support your family and take away the stress of working out what to do with your estate. That’s why Beagle Street provide an estate planning kit to help all of our customers.
Simple Will Writing Service
All our policy holders can write a free simple will through one of our regional partners.
A simple will is a will that leaves an estate to a maximum of six beneficiaries without the use of trusts or tax planning. Without a will in place, it’s not always clear who you wanted to leave your estate to so it’s important to have one.
Policy In Trust
Using our free trust tool to put your policy into trust means we can pay out your policy without having to go through probate. As such your family will receive their payout much sooner. Putting your policy in trust may also help avoid a potential tax bill if the value of your estate is greater than £325k.
Loved Ones Service
Our loved one’s service helps you share your policy information with those closest to you. We ask for the name and email of your loved ones so we can send them your key policy information to which has everything they need should they need to make a claim.
Legal Advice
All Beagle Street policies include an hour of free legal advice. Our legal partner, RAC Legal Services, is on hand if you’re facing a legal problem and don’t know which way to turn. The team of advisors can provide guidance on any legal issue; support is only a phone call away.
What happens if I have a terminal illness?
If you are diagnosed with a terminal illness and have less than 12 months to live with more than 12 months on your policy, you are able to make a claim whilst still alive.
This will allow you to put your affairs in order whilst you’re still here and spend your final days focusing on what’s important, rather than having to worry about money.
- Terminal illness coverTerminal illness cover allows you to claim for an early payout on your life insurance policy if you have been diagnosed with less than 12 months to live. Continue reading
- Terminal illness cover vs critical illness coverIt is easy to get confused between ‘critical’ and ‘terminal’ illness cover, however, they are two different things and it is helpful to understand them when looking into a life insurance policy. Continue reading
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 us0800 048 0480
Included with every Beagle Street policy
- Estate Planning Kit
- Terminal illness cover
- Early funeral payout
- Amazon Gift Card^
- Free Beagle Soft Toy^
Do my loved ones need my policy details?
Our loved one’s service makes it easy for you to share your policy information. It lets them know they’re covered, how much protection they have and the details with which to claim. If you don’t share your information, your loved ones can speak to one of our claims specialists who will be able to help.
At Beagle Street we ensure a search of the official death records is carried out and check these details against our policy list. If we find a match we will alert the next of kin if we think they can make a claim. This ensures that no policy goes unseen, even if your loved ones are unaware of your policy.
Does life insurance actually pay out?
As long as you answer all the questions honestly and accurately, we will pay out a life insurance claim. The only exclusion is suicide within the first 12 months of the policy start date. Remember, if your health changes after you have taken out the policy, then don’t worry, the price won’t change, and we will still pay out.
Are you eligible for life insurance?
Most people who apply are able to get cover for their needs, just make sure you answer all the questions truthfully when you apply. You are eligible to apply if you are:
You are at least 18 years old
- You are currently a UK resident
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 us0800 048 0480
Included with every Beagle Street policy
- Early funeral payout
- Terminal illness cover
- Early funeral payout
- Amazon Gift Card^
- Free Beagle Soft Toy^
Life Insurance FAQs
New to life insurance? Let us guide you through
- Am I covered straight away by my life insurance?When you take out life insurance with Beagle Street, you’re covered from the moment you accept your policy. There’s no need to worry about delays once your payments begin.Continue reading
- How much life insurance do I need?The amount of life cover you need should be enough to maintain your loved one’s standard of living if you die. This could help provide your family with financial security for the future.Continue reading
- When should I take out life insurance?There’s no right or wrong time to get life cover, but even young adults could benefit from the peace of mind and financial security it provides. People often consider taking out life insurance during key moments or big changes in life: buying a house, getting married and having children.Continue reading
- Your premiums won’t changeAt Beagle Street we promise your premiums will never increase, regardless of age or changes to health. This gives you the confidence to plan your finances and know you’ll have cover you can afford as long as you need it.Continue reading
*Based on a 30 year old non-smoker, £200k decreasing term cover for 20 years
**In 2022 Beagle Street was underwritten by Scottish Friendly Assurance Society, who paid 99.4% of all their life insurance claims. From 19th September 2023 Beagle Street insurance policies are underwritten by Family Assurance Friendly Society Limited.
^Available only when purchasing a policy directly through Beagle Street. Within 30 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