When you are taking out a life insurance policy you may won’t be getting a physical product and that might not seem worth it. You are getting peace of mind that your family will be taken care of if you were to pass away. When a life insurance policy can be locked in as little as £10 a month* it offers exceptional value for money.
Why life insurance is worth it
- Security for loved ones: If you die during the policy term, the payout can cover the mortgage, bills, and everyday costs. Without insurance, your family could be left struggling, relying on only one income.
- Peace of mind: Even if you never claim, you have had the reassurance of knowing your family was protected.
- Affordability: Life insurance premiums are often much lower than people expect, especially when taken out at a younger age.
- Financial planning: It ensures that your debts and obligations will not fall onto your loved ones.
Wellbeing benefits: Every provider offers wellbeing benefits, like a 24/7 remote GP, physiotherapy and mental health support, that are accessible when you take out a policy
Pros of life insurance
- Provides a lump sum to protect your family’s financial future
- Offers affordable long-term protection
- Flexible policy types to suit your needs
- Peace of mind throughout the policy term
- Wellbeing benefits for you and the whole family
Cons of life insurance
- Some people may need additional products, such as critical illness cover, to be fully protected
- No payout if you outlive a term policy
- Premiums are an ongoing expense
Did you know that there’s wellbeing benefits that come with your life insurance policy at no extra cost? You can access 24/7 remote GP services, mental health support, a remote nurse and much more. These benefits can be used immediately after taking out a policy and often can be used by family members. Benefits vary by provider, but IGotCover can help you get a policy with the benefits you value most.
Direct comparison: life insurance vs no life insurance
| Scenario | With life insurance | Without life insurance |
| Death during policy term | Family receives payout to cover mortgage, childcare, and expenses | Family may face financial hardship, loss of home, and debt |
| Survival beyond term | No payout, but family enjoyed years of financial security | No protection at any point |
Why act now
The cost of life insurance increases as you get older, and health conditions can make premiums higher. Speaking to an IGotCover specialist can help you get the right protection for your family while locking in an affordable price.
*Based off a 25 year old, non-smoker, with £200,000 worth of cover, for 43 years
