Comprehensive life insurance cover

What is life insurance?

Life insurance cover provides reassurance and financial support for your family if you pass away. 

Unlike family income benefits, a life insurance pay-out is received as one lump sum. Traditionally, this lump sum is then used to settle any outstanding mortgage which allows your family to remain in their property.

Your loved ones will only be covered if you pass away during the policy term. This cover acts as a safety net to help your family:

  • Settle any outstanding mortgage debt
  • Look after any dependents
  • Protect & maintain their lifestyle
  • Pay off any large outstanding debts
  • Act as a rainy day fund for the future

In addition, life insurance also covers terminal illnesses. This means your family can benefit from financial stability through difficult times.

How does life insurance work?

After you’ve selected the amount of cover you need and how long you’d like it for, you will start paying monthly premiums for the cost of the cover.

If a claim is made, your family members will receive a single, lump sum benefit payment.

When it comes to cost, life insurance is the cheapest form of cover. However, it will again vary depending on:

  • Age
  • Occupation
  • Medical & Health information
  • Lifestyle
  • Cover amount & term

We can also place your policy in trust, free of charge so that the benefits of your cover are put into the right hands in line with your wishes.

As with all Insurance policies, conditions and exclusions will apply.

Who needs life insurance?

We understand life insurance might not be for everyone. However, if you have a partner, family or children who are financially dependent on you, we say it’s a must.

Financial security ensures your family can live life to the full and maintain the same quality of life they had when you were around. Life insurance can help assure a consistent routine. 

Not sure? Pop in for a chat with our experienced insurance advisors for expert advice, free of charge.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is £495 depending on your circumstances.

For insurance business we offer products from a choice of insurers.

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    Top questions about life insurance

    Lendese have hundreds of policy solutions. With our expert advice and guidance on which type of protection is right for you, we can make sure you every angle is covered.


    The earlier you take out life insurance the cheaper it will be, as age has a significant factor in your premiums. You would also generally look to consider life cover when reaching the life-changing milestone, such as moving in with a partner, house purchase, starting a family, marriage and taking out financial commitments. You may also just wish to provide a safety net for the people you care about most.

    This will depend on your circumstances or what the insurance is intending to cover; Level cover will ensure that you receive the same payout at any time during the term. Decreasing cover will reduce during the term, which can be cheaper and particularly useful should you be covering a mortgage or reducing commitment.

    For a small increase in your monthly premium, you may include a waiver of premium. This will mean that your premiums will be covered if you are ever unable to work due to an accident or sickness. This can be handy to reduce your outgoings when there is a reduction in income.

    Yes, if you smoke or have a higher alcohol consumption your premiums will be more expensive. This is because a life insurance provider will consider the health risks involved with either.

    In many circumstances, providers can cover existing conditions for a slightly higher monthly cost, and if this is not achievable they may exclude this condition from your cover. However, this will be dependent on the severity of the condition and the likelihood that it could cause you future significant health issues. We can discuss these with you and let you know before you apply.

    Depending on your circumstances it may be prudent to consider standalone cover in addition to death in service benefit. As death in service is provided by your employer you never know what is round the corner in terms of redundancy, employer terms and conditions, job changes or indeed retirement whereby your cover could cease. And as mentioned above, if you are much older or have existing conditions by the time these events happen your cover could be more expensive or not available.

    Generally a healthy BMI will ensure that cover is available to you at standard terms, however, as this moves into higher tiers your cover could get more expensive. Providers will assess this on a case by case basis taking into account other lifestyle factors. An informal chat with us can get you in the right direction.

    Life insurance is often a useful way to cover any inheritance tax liability. It can also be left in trust meaning that the proceeds can be paid out to loved ones before probate being granted. For specialist inheritance tax advice, we would recommend seeking independent advice from a tax specialist.