How to find life cover that works for you

Looking for affordable life cover? Contrary to popular belief, life insurance doesn’t have to be expensive. Plans can be found for as little as £5 per month. Inevitably, at this price point, quality can vary, which is why trustworthy advice from an expert can go a long way.

Here at Seven Bridges, we have decades of combined experience finding people cheap life cover that provides them and their family peace of mind without breaking the bank.

Today we’ll be answering the some of our most common FAQs:

  • What exactly is life insurance?
  • Do I need it?
  • Is it a good idea to get cheap life cover?
  • What are the factors that influence the price of my plan?

What exactly is life insurance?

In short, life insurance provides financial protection for your family if you fall terminally ill or pass away. Usually paid in the form of monthly premiums, life cover pays out as lump sum or in monthly installments if the worst were to happen, meaning your family can continue paying the bills and maintain their standard of living.

Do I need it?

Taking out life insurance is a smart decision for any individual, but especially those who have family members or a partner that relies on them financially.

If your income pays for your family’s mortgage and living expenses, life insurance is essential for providing you and your family with peace of mind and financial security.

Is it a good idea to get cheap life cover?

As we’ve already mentioned, it’s possible to find cheap life cover that will provide genuine protection for your family, though finding these plans isn’t always an easy task.

Investing in a qualified professional gives you valuable insight into the marketplace and the range of options available.

We never suggest plans that are anything other than the highest quality at the given price point. Our thorough knowledge of the life insurance marketplace and our strong relationships with key providers means we can find the plan that will provide comprehensive protection within your budget.

What factors influence the price of my plan?

Although there are many elements to consider when choosing a life insurance plan, there are three key factors that will have the biggest impact on the size of your monthly premium.

First, your age and current health; second, the length of term you require and third, the amount of coverage you need.

You can expect your monthly premiums to be higher if you are older or have any underlying health issues. And of course, the more cover you need and the longer the term, the more you will be required to pay.

The type of life insurance you take out will also influence your payments. There are four categories to choose from when selecting a plan which are all influenced by the factors above.

  1. Level term plans
  2. Decreasing term plans
  3. Family income plans
  4. Whole of life plans

To learn more about how we find you the best solution for your needs and budget, get in touch today and speak with one of our qualified financial advisers.