What does Life Insurance cover?
Life Insurance provides a financial pay-out to your loved ones if you die during the policy term. You set the duration of the policy term when completing the application. So if you take out Life Insurance and pass away before the policy ends then a claim can be made.
Do I need Life Insurance?
- Pays-out a cover amount, set by you, in the event you pass away
- The amount you pay per month is fixed for both main types; level and decreasing
- You can cover both you and your partner with one Joint Life Insurance policy
- You can protect your loved ones in the event you get critically ill with Critical Illness Cover
Types of Life Insurance
It’s a good idea to consider both Level Term and Decreasing Term cover when getting your Life Insurance quote from Beagle Street, to compare the type of cover available to you, and how this may change your monthly payments.
With a Level Term policy the amount you are covered for is fixed over the policy term.
This gives your loved ones the security of a set payout should you pass away within your policy term.
With Decreasing Term the amount you are covered for gets lower over time, meaning your pay-out will be less than the amount you were initially covered for. For this reason Decreasing Term premiums are often lower than those for Level Term, and are used to protect loved ones against debts which you pay off over time, such as mortgages.
Benefits of Beagle Street
FREE tool to place your policy in Trust.
Terminal Illness Cover
Terminal Illness cover included as standard.
Accidental Death Benefit
if you don’t get an immediate decision on your policy.
Online access to your account, so your policy documents are never lost.
Search Official Records
We actively search official records.
33% of people do not consider Life Insurance when applying for a mortgage
Critical Illness cover
If you were to become critically ill you may find your costs increase for medical appointments, equipment, lifestyle changes, and it may become too difficult to stay in long-term work. Critical Illness cover gives you peace of mind that if this were to happen you and your family are financially protected, giving you time to get better worry free.
Cheaper cover when you’re young
The cost of Life Insurance for younger people is significantly cheaper; you could benefit from monthly payments starting from as little as £3 per month for £100,000 life cover . As Term Life Insurance gets increasingly more expensive as you get older it’s good to lock in a lower price while you are younger, because once a policy has been set up the monthly payments for Term Life Insurance never increase during the term of the policy even if you experience health problems later in life!
Your next decisions:
How much cover do I need?
Don’t know how much cover you need? Use our handy Life Insurance calculator for help.
Check out our collection of handy guide pages to help answer any further questions you may have about Life Insurance.