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FIND CHEAPER LIFE COVER AND GET REWARDED
Compare tailored quotes from leading UK insurers
Get an amazon.co.uk gift card worth up to £200†
Super Save with Life cover from £3.64¹
Find tailored life cover at the right price by comparing deals from leading UK insurers, all in one place.
†Gift Card value varies based on the first monthly premium of the policy and will be confirmed on the results page.
1Based on £100,000 worth of level term cover for a 30 year-old non-smoker with no pre-existing medical conditions over a 20-year period (October 2023).
2Accurate as of November 2023
We make it easy to compare insurers offering you the best value for your budget and save on premiums.
We ask the right questions and tailor our quotes so you can get the right cover to suit your needs.
We offer independent Defaqto star ratings on policies to help you decide on the right quality product for you
Our reviews are from genuine customers who have compared and bought life insurance through MoneySuperMarket.
We're proud that our life insurance comparison service comes highly rated.
Life insurance offers a type of policy that protects your loved ones with financial support if you die.
It can help minimise the financial impact that your death could have on your family and offer peace of mind to those you care about most. It works like other forms of insurance:
You pay a regular premium over a set term
If you pass away your insurer pays a tax-free lump sum to your beneficiaries
The payout can be used to clear a mortgage, debts and cover living expenses for your family.
For more read our guide on what is life insurance?
While not a legal requirement, life insurance is an important consideration for those with:
dependents such as children, partners, or ageing family that depend on you financially
debts including a mortgage or loan
concerns about how they might manage financially with a critical illness
a desire for peace of mind
Before you decide about life insurance, it is important to assess your individual situation and consider whether the benefits of life insurance mean this type of cover is the right choice for you.
Life insurance with MoneySuperMarket starts from £3.64 per month2 but premiums (what you pay each month) will vary for each individual based on several factors including your type of policy, age, health, and lifestyle.
It's important to know what's covered and the typical exclusions on a standard life insurance policy to help you decide if it's the right choice for you
More on how life insurance works
Determining the right level of life cover for you is the most important question you should ask when considering life insurance
There are also some key life moments when it might be worth considering life insurance including buying a home, getting married, having children , getting divorced, changing jobs
Guidance on when you should get life insurance
2Based on £100,000 worth of level term cover for a 30 year-old non-smoker with no pre-existing medical conditions over a 20-year period (October 2023).
"No one likes to think about dying, for many families, losing a loved one is unfortunately a grim devastating reality.
Figures from the Childhood Bereavement Network estimate that every 20 minutes in the UK, a parent dies leaving dependent children. By the age of 16, one in 20 young people will have lost at least one parent, so having adequate life cover is crucial, even as you age.
Like any insurance, it is crucial that you shop around before you purchase a policy. Never assume that your bank or broker will offer you the best deal as many are usually tied to just one provider and can be very expensive.
"
MoneySuperMarket compares two main types of life cover with features to suit differing needs and budgets.
Level term life insurance policies have a fixed payout that stays the same for the whole policy.
No matter when during the policy you pass away, your beneficiaries will always receive the full amount.
Your premiums stay the same
You know how much your policy will pay out
More expensive
Doesn’t account for inflation
Decreasing term life insurance policies pay out a lump sum that decreases over time.
People often use these policies to cover debts like a loan or mortgage which are paid off over time so the level of cover you need may decrease also.
Usually cheaper than other policies
Suitable protection for a mortgage or debt
Your payout decreases over time
There is little to no payout remaining once you have paid off the debt
Knowing how much life insurance cover you need is one of the most important considerations when buying life insurance but determining the right coverage can be complex.
To simplify this process, try our life insurance calculator. It considers your mortgage, financial obligations, children's needs, and existing coverage to calculate the amount you may require.
Understand how much cover you might need by using our calculator today.
Pays out a tax-free lump sum if you are diagnosed with a terminal illness during your term.
Covers two people on a single policy but only pays out once – either on the death of the first person or after both policyholders have died.
If you have a pre-existing medical condition, don’t worry, it is still possible to get life insurance, though exclusions may apply.
A different type of whole of life policy offering guaranteed cover for individuals over 50.
Take out life insurance online through MoneySuperMarket and receive an Amazon.co.uk Gift Card** worth up to £200.
The gift card is redeemable within 40 days of the 6th life insurance payment. Gift Card value varies based on the first monthly premium of policy and will be confirmed on the results page. Terms and conditions apply. Not available to those who’ve received a voucher with life insurance purchased after the 1st of May 2022. One voucher per person.
**Restrictions apply, see www.amazon.co.uk/gc-legal
Answer some brief questions about the type of cover you're looking for, personal details like age, height and occupation, whether you smoke or drink, your family's medical history, and any pre-existing conditions.
We have some of the top UK providers on our panel for you to choose from. Browse policies ordered by lowest premium
Once you've found the policy that's right for you, all it takes is a click through to your chosen provider to buy your policy today for the price you see
We’ve partnered with LifeSearch to give people even more guidance when buying life insurance. If you’d like some help deciding what kind of cover you need, talk to LifeSearch free of charge. Give them a call on 0800 197 3178.
Opening hours are:
Monday to Friday 8 am to 8 pm
Saturday 9 am to 2 pm
Sunday 10 am to 3:30 pm
You’ll need to provide some information about yourself and your circumstances including:
Information about your health: details about you and your family’s health and medical history, including any pre-existing medical conditions.
Information about your lifestyle: You will also need to detail your lifestyle, such as your drinking habits, and whether you smoke.
Your age and your job: The younger you are when you take out life insurance, the cheaper it tends to be. The type of work you do can also affect the price depending on how dangerous your job might be.
Your partner’s details: If you’d like joint life insurance, you will need to have information at hand about your partner’s health, lifestyle, and work.
Your provider may ask for supporting documents to prove the accuracy of the information you’ve given so it’s worth it to make sure you have these details at hand when you start an application.
It isn’t a legal requirement to get life insurance for a mortgage, but most mortgage lenders will ask you to take out appropriate cover. You don’t need to take out life cover from your lender – you can buy it elsewhere.
For more information read our do I need life insurance for a mortgage guide
Some employers offer what’s known as a death-in-service benefit to their employees, which will typically pay a lump sum of four times your salary to a named dependent. This type of policy is not a legal requirement, however, and it’s best seen as a complement to a life insurance policy, rather than a substitute as this cover is dependent on your job status.
Life insurance pay-outs are subject to inheritance tax, just like the rest of your estate. If your total estate is worth less than £325,000 (or £650,000 if you are married and leaving it all to your spouse), then your dependents won’t have to pay a penny in tax.
However, if your estate plus your life insurance policy are worth more than that in total, inheritance tax will be due on anything above that threshold at 40%. This means that if you leave a total of £400,000, the first £325,000 is tax-free. The rest - £75,000 – will be taxed at 40%, leaving £45,000.
Your family can avoid paying inheritance tax on your life insurance by writing your policy in trust.
Both life insurance and income protection offer financial support to your loved ones, but they are very different in terms of what they cover.
Life insurance will pay out a lump sum if you pass away during the term of your policy. This will be paid to your loved ones and after a claim is made, the policy will end.
Income protection will pay out a monthly benefit worth a percentage of your income if a medical problem prevents you from working. You can claim multiple times on your policy until you are well enough to return to work. Even when you have stopped claiming, your policy will still be active, and you can claim again if you need it. You can continue making claims on your policy until you choose to end it or until you retire.
You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.
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