What is
life insurance?
- Designed to pay out a lump sum to your beneficiaries if you die
- You pay a monthly premium for the term of the policy
- May pay out early if you are diagnosed with a terminal illness with less than 12 months to live
What is
life insurance?
- Designed to pay out a lump sum to your beneficiaries if you die
- You pay a monthly premium for the term of the policy
- May pay out early if you are diagnosed with a terminal illness with less than 12 months to live
Why choose Polly?
-
Get unlimited remote GP appointments for you and your family* and up to 6 annual mental health consultations each year for you and your partner.
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If you’re diagnosed with a terminal illness and given less than 12 months to live, your policy can pay out early so you can make memories with your family that will last long after you’re gone.
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You could get your quote in as little as 15 minutes, and premiums start from £5 a month.
Why is life insurance important?
Helps provide financial peace of mind
Financial preparation for the unexpected
Can provide financial support for your family
What our life insurance covers
What’s Covered?
Can be used to:
- Cover the mortgage or rent
- Support with day-to-day bills and expenses
- Supplement lost income
- Provide loved ones with the space to grieve
What’s not Covered?
- Life insurance doesn’t have a cash value, so it can’t be used like savings
- Suicide or intentional injury within the first 12 months aren’t covered
What Life Insurance Do I Need?
Don’t just take our word for it.
Hear from some of the mums just like you who chose to protect their families’ financial futures with Polly.
Three steps towards
financial peace of mind
- Fill in the form
It’s just a few questions, no confusing financial jargon, and you’ll be done before the kettle’s boiled. Once you’re ready, just hit ‘send’. - Talk to us
Expect a call. Not from a robot, but from a real person who’s here to help you find the right cover for you and your family. - Relax
Let’s be honest, you’re a mum & you’ve got loads on. So we’ll handle the tricky stuff while you get on with your day. Simple, huh?
Life Insurance FAQ’s
How much does Life Insurance cost?
Prices for £100k cover start from just £5 per month, and £6.07 for £250k sum assured. Plus, we offer both level and decreasing cover, so you can find a policy that suits your needs.
How does Life Insurance work?
The amount you pay each month will depend on various aspects of your health, lifestyle, and desired payout. If you pass away within the term of your policy, your family would receive a tax-free lump sum to help them cover their bills, so they can take the time they need to grieve and rebuild their lives.
What is Life Insurance?
Life insurance is a financial protection policy that pays out a lump sum of money to your loved ones if you die. It can be a crucial financial safety net for parents or partners who want to help make sure their loved ones can pay off their mortgage, clear any outstanding debts, pay the bills, or leave some money as a gift after they’ve gone. You pay for your life insurance in monthly instalments known as premiums, and there are many different types of policy you can opt for. Our sales advisors will consider your financial commitments and help you find the right cover to suit your needs.
Are Life Insurance proceeds taxable?
Life Insurance payouts are not taxable, however they may be subject inheritance tax if they take the value of your total estate value above £325,000. You can protect your Life Insurance payout from inheritance tax by nominating beneficiaries during the sale of your policy with us, or by putting it in a trust with a legal professional.
What are the different types of Insurance cover?
There are many types of life insurance cover you can choose from, including:
- Level term life insurance – the cost of your premium remains the same for the duration of your policy
- Whole of life insurance – the policy covers you for life
- Decreasing term life insurance – the premium and payout both decrease over time
- Increasing term life insurance – the premium and payout both increase over time
References
* Valid for children up to 26 years of age.