How much is life insurance?

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 designed to pay out a lump sum of money to your loved ones if the unthinkable happens and you die. It can be a crucial safety net for parents or partners who want to help make sure their loved ones can, for example, pay off the mortgage, clear outstanding debts, pay the bills, or get some money as a gift after they’ve gone. You typically pay life insurance in monthly instalments known as premiums, and there are many different types of policy you can opt for.

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 insurance cover you can choose to help provide financial protection in the event of illness or death. These include the following: Over 50s Life Insurance, Level term life insurance, Whole of Life insurance, Decreasing term / mortgage protection insurance / payment protection insurance, Joint life insurance, Family Income Benefit, Critical illness insurance, Income Protection Insurance

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Financial supporte when you need it most

If you are diagnosed with a terminal illness and given  less than one year to live, you can receive a full payout  to spend however you see fit, so you can create lasting memories with those closest to you.

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A child in the UK loses a parent they rely on financially every 20 minutes ¹

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What Life Insurance Do I Need?

Level Life Insurance Cover

Your coverage amount and monthly premium stay exactly the same from day one until your policy ends.
Increasing Life Insurance Cover

Your premiums increase alongside an increasing cover amount to help match inflation.
Decreasing Life Insurance Cover

Your coverage gradually reduces over time, often used to match a declining mortgage balance or other debt.

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Polly Insurance app

You can now view and access your policy documents in one place, any time, anywhere. Our Polly app helps to make keeping on top of your insurance super simple. Manage your payments, learn about our other products and get in touch at the tap of a button.