Should You Get Life Insurance UK | Life Insurance & Life Assurance

What is life insurance?

Life insurance is a promise. If someone dies, the insurance company gives money to the people they choose.

This money can help pay for important things. For example, it can help with bills or school costs.

It's like a safety net for families.

Reading tips:

• Use simple words when talking about insurance.
• Ask someone if you have questions.
• Draw a picture to see how life insurance works.
• Take your time to understand.

Why should I get life insurance?

Life insurance is a way to help your family if something happens to you. It gives them money to pay for things like food and bills. It helps them live well when you are not there to help. You can also think about it like a special kind of savings.

To help you understand more, you can:

• Ask an adult you trust to explain it to you.
• Look at simple pictures or videos about life insurance.
• Use apps that explain things in a clear way.

What kinds of life insurance can you get in the UK?

Here, we talk about the different types of life insurance you can have in the UK. Life insurance is for helping your family with money if you pass away.

Simple Tips:

• Use pictures or illustrations to learn more about this.
• Talk to someone you trust who understands life insurance.
• Use apps that read out loud to you.

How much life insurance cover do I need?

How much money do I need to leave for my family if I die?

Here is a simple way to think about it:

• Think about your family's needs. This includes food, school, and bills.
• Think about any money you owe, like loans.
• Add up these costs to see how much money you need.

If you need help, you can:

• Ask a family member to help you.
• Use pictures or charts to understand better.
• Talk to a money expert for advice.

What is term life insurance and how does it work?

Term life insurance is a kind of insurance. It helps if you pass away. It gives money to your family.

You need to pay for it every month. This is called a "premium".

The insurance is for a set time. This is called a "term". It might be 10 or 20 years.

If you pass away during this time, your family gets money. This is called a "payout".

If you do not pass away during this time, the insurance ends. You do not get any money back.

To help you understand, try using pictures or charts. You can also ask someone to explain it to you in person.

What is whole life insurance?

Whole life insurance is a type of insurance that you have for your entire life. It helps to give money to your family or friends when you pass away.

Here’s how it works:

• You pay money every month or every year.
• If you pass away, the insurance gives money to the people you choose.

Tools to help understand better:

• Pictures: Use pictures to show how whole life insurance works.
• Videos: Watch simple videos about whole life insurance to learn more.
• Ask questions: It’s okay to ask someone to explain it to you!

Who should get life insurance?

Life insurance is money that helps your family if you die. It can pay for things your family needs.

You might need life insurance if:

• You have children who need money to live.
• Other people depend on your money, like your parents or partner.
• You want to make sure family can pay for things like the house or bills.

Tools that can help:

• Speak with an advisor: Talk to someone who knows a lot about life insurance. They can help you decide.
• Use a calculator: Find tools online to see how much insurance you might need.

Can I have more than one life insurance policy?

You can have more than one life insurance policy. This means you can buy several plans to help protect your family if something happens to you. You can talk to a helpful person called an insurance agent to learn more. They can explain things in an easy way.

It can be helpful to ask questions like, "How much will this cost each month?" and "How does this plan help my family?" You can write down notes or use a calculator to help you understand numbers.

Don't be afraid to ask someone you trust to sit with you while you talk about life insurance. They can help you decide which plans are best for you.

How do they decide how much you pay for life insurance?

What if I forget to pay?

If you forget to pay, don't worry. Here is what you can do:

• Check if there is a late fee. This is extra money you might need to pay.
• Find out how long you have to pay before your insurance stops. This is called a grace period.
• Use a calendar or phone reminder to help you remember next time.
• You can ask someone to remind you or help you pay on time.

If you are not sure, ask for help. You can call your insurance company and ask questions.

Do you have to pay tax on life insurance money in the UK?

When you get money from life insurance after someone dies, this money is usually not taxed. This means you do not have to pay extra money to the government.

If you need help, you can:

• Ask someone you trust to explain it to you.
• Use tools like a calculator to understand numbers better.
• Look for videos or guides online that explain life insurance in simple terms.

Can I change my life insurance plan?

What is critical illness cover?

Critical illness cover is a type of insurance. It gives you money if you get very sick. This money helps you pay for things when you cannot work because you are too ill.

For example, if you have a serious disease like cancer or have a heart attack, this insurance can help. The money can be used for doctor bills, medicines, or other costs.

You can also use the money for things you need, like food or rent. It's there to help you when you really need it.

If reading is hard, try asking someone to read with you. You can also use apps that read text out loud. It's okay to ask for help!

Does life insurance pay if someone dies by suicide?

How do I ask for money from a life insurance policy?

What is life insurance?

Life insurance is a promise. If someone dies, the insurance company gives money to the people they choose.

This money can help pay for important things. For example, it can help with bills or school costs.

It's like a safety net for families.

Reading tips:

• Use simple words when talking about insurance.
• Ask someone if you have questions.
• Draw a picture to see how life insurance works.
• Take your time to understand.

Why should I get life insurance?

Life insurance is a way to help your family if something happens to you. It gives them money to pay for things like food and bills. It helps them live well when you are not there to help. You can also think about it like a special kind of savings.

To help you understand more, you can:

• Ask an adult you trust to explain it to you.
• Look at simple pictures or videos about life insurance.
• Use apps that explain things in a clear way.

What kinds of life insurance can you get in the UK?

Here, we talk about the different types of life insurance you can have in the UK. Life insurance is for helping your family with money if you pass away.

Simple Tips:

• Use pictures or illustrations to learn more about this.
• Talk to someone you trust who understands life insurance.
• Use apps that read out loud to you.

How much life insurance cover do I need?

How much money do I need to leave for my family if I die?

Here is a simple way to think about it:

• Think about your family's needs. This includes food, school, and bills.
• Think about any money you owe, like loans.
• Add up these costs to see how much money you need.

If you need help, you can:

• Ask a family member to help you.
• Use pictures or charts to understand better.
• Talk to a money expert for advice.

What is term life insurance and how does it work?

Term life insurance is a kind of insurance. It helps if you pass away. It gives money to your family.

You need to pay for it every month. This is called a "premium".

The insurance is for a set time. This is called a "term". It might be 10 or 20 years.

If you pass away during this time, your family gets money. This is called a "payout".

If you do not pass away during this time, the insurance ends. You do not get any money back.

To help you understand, try using pictures or charts. You can also ask someone to explain it to you in person.

What is whole life insurance?

Whole life insurance is a type of insurance that you have for your entire life. It helps to give money to your family or friends when you pass away.

Here’s how it works:

• You pay money every month or every year.
• If you pass away, the insurance gives money to the people you choose.

Tools to help understand better:

• Pictures: Use pictures to show how whole life insurance works.
• Videos: Watch simple videos about whole life insurance to learn more.
• Ask questions: It’s okay to ask someone to explain it to you!

Who should get life insurance?

Life insurance is money that helps your family if you die. It can pay for things your family needs.

You might need life insurance if:

• You have children who need money to live.
• Other people depend on your money, like your parents or partner.
• You want to make sure family can pay for things like the house or bills.

Tools that can help:

• Speak with an advisor: Talk to someone who knows a lot about life insurance. They can help you decide.
• Use a calculator: Find tools online to see how much insurance you might need.

Can I have more than one life insurance policy?

You can have more than one life insurance policy. This means you can buy several plans to help protect your family if something happens to you. You can talk to a helpful person called an insurance agent to learn more. They can explain things in an easy way.

It can be helpful to ask questions like, "How much will this cost each month?" and "How does this plan help my family?" You can write down notes or use a calculator to help you understand numbers.

Don't be afraid to ask someone you trust to sit with you while you talk about life insurance. They can help you decide which plans are best for you.

How do they decide how much you pay for life insurance?

What if I forget to pay?

If you forget to pay, don't worry. Here is what you can do:

• Check if there is a late fee. This is extra money you might need to pay.
• Find out how long you have to pay before your insurance stops. This is called a grace period.
• Use a calendar or phone reminder to help you remember next time.
• You can ask someone to remind you or help you pay on time.

If you are not sure, ask for help. You can call your insurance company and ask questions.

Do you have to pay tax on life insurance money in the UK?

When you get money from life insurance after someone dies, this money is usually not taxed. This means you do not have to pay extra money to the government.

If you need help, you can:

• Ask someone you trust to explain it to you.
• Use tools like a calculator to understand numbers better.
• Look for videos or guides online that explain life insurance in simple terms.

Can I change my life insurance plan?

What is critical illness cover?

Critical illness cover is a type of insurance. It gives you money if you get very sick. This money helps you pay for things when you cannot work because you are too ill.

For example, if you have a serious disease like cancer or have a heart attack, this insurance can help. The money can be used for doctor bills, medicines, or other costs.

You can also use the money for things you need, like food or rent. It's there to help you when you really need it.

If reading is hard, try asking someone to read with you. You can also use apps that read text out loud. It's okay to ask for help!

Does life insurance pay if someone dies by suicide?

How do I ask for money from a life insurance policy?