Find out if life insurance is the right option for you: video transcript
Life insurance is about providing financial security for your loved ones if you're no longer around to support them. But do you need it?
Start by considering your situation:
Do you have dependents who rely on your income?
Would your partner or family struggle with mortgage payments, bills, or childcare costs?
Could they cover big expenses like funeral costs or university fees?
Life insurance is especially important at key life stages—like getting a mortgage, starting a family, or taking on financial responsibilities. Policies can help cover debts, maintain your family’s lifestyle, and secure their future.
That said, life insurance might not be essential for everyone. If you’re single with no dependents or have enough savings to cover expenses, you might not need it.
There are two types of life insurance that could fit your needs:
Level Term: for a fixed payout.
Decreasing Term: for covering a mortgage.
Premiums are lower when you're younger, so locking in a policy early can save you money.
MoneySuperMarket offers a platform to compare deals from UK providers, ensuring you find a policy that fits your needs and budget. Take the first step towards peace of mind by comparing life insurance quotes today.