Life Insurance

Life insurance is a simple and cheap way to help protect you and your family from the financial impact of death. You can set it up to cover things like your mortgage, regular outgoings, and the cost of the children’s education- or more general financial support for your family. Find out more about our 5 star defaqto rated insurers.

Key features

  • Protect your family or mortgage
  • Premiums from £5/month
  • Free FCA regulated advice*
  • Won’t be beaten on price**
  • We search from the whole market

Read more on Life Insurance

Life Cover provides a lump sum on your death or the diagnosis of a terminal illness – providing peace of mind for you and money for your family when they need it most. While no amount of money can replace a loved one, life cover can help provide the family’s surviving members with financial security at a time when they are most vulnerable.

The cost of life insurance is based on a number of factors that include your age; smoker status, general health and the type of cover you require. You can tailor your life insurance to suit your needs.

Planning for unfortunate circumstances isn’t something most people like to think about. But you don’t have to do it alone. Permanent Alliance’s friendly insurance advisers are on hand to provide professional advice and help you protect your family and the assets you’ve worked your life for.

Which is the right Life Insurance for me?

As everyone has different circumstances and budgets, it’s important to select a life insurance product that meets your needs. With so many insurance providers out there, the features, benefits and costs of different products can vary widely. It’s worthwhile taking the time to compare different life insurance offerings to ensure that you select:

  • An insurance provider you know and trust.
  • A level of cover that will meet your needs.
  • A product that includes the features and benefits you need, rather than simply being the cheapest life insurance product available.

If you don’t choose wisely, you or your loved ones may find that your policy doesn’t deliver what you were expecting at claim time.

If you’re looking for relevant and cost-effective Term Life Insurance, Permanent Alliance can help.

Will my family have to pay tax on a life insurance policy payout?

If a life insurance policy pays out then in most cases the money will go to your estate and if your estate is worth more than the Inheritance tax threshold then it could be liable to Inheritance tax.

However if you write the policy in trust, it will fall outside of your estate and your family will not have to worry about an Inheritance tax bill plus they will get the money much quicker as they can bypass probate.

 What are the main types of Life Insurance?

There are quiet a few different types of Life Insurance:

  • Level Term Insurance (Level Term Assurance)
  • Increasing  Term Insurance (Indexed Linked Term Insurance)
  • Decreasing  Term Insurance
  • Family Income Benefit Life Insurance
  • Low Start Life Insurance
  • Renewable Term Insurance
  • Convertible Term Insurance
  • Joint Life insurance

The best type of Life Insurance policy for you depends on your circumstances, so speak to one of our FCA Regulated Advisers, who can recommend the best policy for you.

Why use our service

Being completely independent and not tied to one insurer, Permanent Alliance listen to your needs and budget, to search from the whole market for the best Life Insurance policy for you. Whether you’re looking for the most affordable cover, or a comprehensive policy to cover all eventualities, Permanent Alliance is the right company to advise you on Life Insurance.

We offer special discounts and offers, such as our annual cash-back offer, where you can get up to £250 back each year*** you don’t make a claim on a current life insurance policy. Our friendly and caring team of advisers are here to make sure you make the right choice, so call us today, and see how we can help you.

We recommend the best policy, from a huge range of the UK’s leading insurers:

life-insurance-underwriters

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Fill in our 30 second online form

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* Permanent Alliance are authorised and regulated by the Financial Conduct Authority to give advice and make recommendations on general insurance products and services.

** If you find a cheaper like for like policy within 30 days of your policy starting and we are unable to match it we will give you up to £50 in shopping vouchers.

*** For policies that are taken up in the promotional month indicated, we will pay cash back up to a maximum of £250 each year from the commission we receive from the insurer for up to the first 4 years. Our standard Terms and Conditions will apply.