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Experly compared by David Allan

Products Updated April 20, 2018

Family Cover Life Insurance

If you are looking for family life cover or want advice on what options are open to you then our approved life insurance experts can help.

FREE life insurance advice and comparison. Our experts can help find you a great deal from providers across the whole marketplace:

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All credit types
Rated 4.8/ 5

Lifes Great

Provider
Lifes Great

Products
Life Insurance

Speciality
Compares The Market

Whether you are looking for a cash lump sum payout or decreasing term mortgage life insurance, Lifes Great can provide you with a quote and a recommendation in under a minute. Free to use and you are under no obligation to proceed with any quote given.

Available via broker only
All credit types
Rated 4.6/ 5

Legal & General

Provider
Legal & General

Products
Life Insurance

Speciality
Life Insurance

Life cover or life assurance helps you to financially protect the future of your loved ones. Life Insurance from Legal and General offers reassurance that your loved ones or family will still be looked after financially should the worst happen.

Available via broker only
All credit types
Rated 4.2/ 5

Zurich

Provider
Zurich Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Zurich Life Insurance will pay out a cash sum if you die during the term of the policy, or if you are diagnosed with a terminal illness and are expected to live for less than 12 months. Plans can be tailored with optional extras to suit your individual requirements and to provide added peace of mind.

Available via broker only
All credit types
Rated 4.7/ 5

Friends Life

Provider
Friends Life

Products
Life Insurance

Speciality
Life Insurance

Friends Life is now part of the Aviva Group. Get the cover you need to protect your family and loved ones when you're no longer around.

Learn More Available via broker only
All credit types
Rated 4.6/ 5

Vitality

Provider
Vitality

Products
Life Insurance

Speciality

If the worst should happen, or you can’t work because of illness or injury, Vitality Life's 5-star Defaqto award-winning range of protection products will give you or your family payments to make things easier.

Available via broker only
All credit types
Rated 4.5/ 5

Royal London

Provider
Royal London

Products
Life Insurance

Speciality
Life Insurance

With a policy in place with Royal London , you can leave money to your loved ones when you pass away, to help protect your family financially. Get a free quote or apply online.

Available via broker only
All credit types
Rated 4.5/ 5

LV

Provider
Liverpool Victoria

Products
Life Insurance

Speciality
Life Insurance

Life insurance from Liverpool Victoria will pay a lump sum should the worst happen, so you will have peace of mind that your family and loved ones will be financially protected when you’re no longer here. Even superheroes need protection.

Available via broker only
All credit types
Rated 4.6/ 5

Ageon

Provider
Ageon Life Insurance

Products
Life Insurance

Speciality
Life Insurance

Ageon is here to help you reach your goals at every stage of your life. Part of that involves putting plans in place to adequately protect and insure you against the unexpected things in life.

 

FAQ's

What is family life cover?

There is a statistic that all should be made aware of whilst searching for family life insurance. Around one child in thirty loses a parent before they grow up. This hard hitting loss can have financial implications for any son, daughter or any family member.

Family life insurance is one of the cheapest ways to protect your finances should the worst happen.

How does it work?

Family life insurance is all about protecting your family and its finances which means you can decide what sort cover you require and for how much per month. Health and ages are taken into account to calculate your monthly premium and how long you require the cover to last is up to you, putting you in control so you are covered for a period of time that suits you.

Also see: Death in service life insurance

What are the features?

  • Flexibility relating to the way in which the death benefit is paid out. This can be paid out as a lump sum or as monthly instalments and it can be arranged to suit the needs of you and your family.
  • How long you require the cover is up to you, this will ensure your covered when it suits your needs.
  • The policy is affordable cover- The cost of family life insurance is affordable which makes it possible to secure the future of your family.
  • Cash lump sum benefit- Decide how much cover you require when you take out the policy. Also if you were to be diagnosed with a terminal illness 12 months before the policy is due to expire most insurers will pay out a lump sum benefit (terminal illness benefit).
  • Monthly payments- Your premiums should not increase even if there is a change in circumstances (health etc).
  • Joint policies - Joint policies are available and will pay out on the first death.
  • Length of cover - You choose how long you require the cover for from 5 up to 50 years.
  • Critical illness cover is an additional offer with this policy
  • Family life insurance cover is a further phrase of describing life insurance, and it works by paying either a lump sum or a regular monthly payment benefit (this is more common with the family life insurance policy) should the policy holder's die or become ill. These benefit payments act as a safety net once the policy holder has passed away to help your family, especially if you are the main breadwinner.

    If a death occurs within the agreed term time of the policy or there is a diagnosis of an illness that meant a life expectancy of less than 12 months the death benefit would be paid.

    The main family insurance policy is the family income benefit policy, this policy would pay the death benefit as a monthly instalment to your family should you die. The main benefit to this policy is that you would be able to dictate how much the family earns per month. For example if you are the main breadwinner and you were to earn £2,000 a month, you could ensure that the same amount is paid per month to your beneficiaries.

    Also see: Guaranteed acceptance life insurance

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