Life Insurance with Cashback

Why Life Insurance is Important

A Life Insurance policy will ensure your loved ones are financially supported if you were to pass away.

Upon the death of you as the policy owner, a lump sum would be paid out to your beneficiaries. This money can be used to pay off a mortgage, cover funeral costs, clear debts or meet typical monthly expenses.

Life Insurance can provide important peace of mind for you and your family and protection in case the worst should happen.

Our offer of Life Insurance with cashback is a great opportunity to take out Life Insurance if you haven’t got any.

Do I Need Life Insurance?

You never know when you will need insurance. Misfortune can strike at any time, which is why it pays to be prepared.

• In 2017, life expectancy in the UK was calculated at 79.2 for males and 82.9 for females at birth
• In 2017, there was a total of 533,253 deaths across England and Wales
• Cancer remains the most common cause of death across the UK, being responsible for 28.1% of all deaths registered in 2017
• Cardiovascular Disease is the next serious cause of death, responsible for 435 deaths every day and 26% of overall deaths

With Life Insurance you don’t have to worry about leaving behind debt and unpaid bills for your loved ones if you pass away.

By picking up our offer for Life Insurance with cashback, you can start taking precautions and building a safety net for your nearest and dearest with one month absolutely free.

Could Your Loved Ones Survive Without Life Insurance?

While it might be difficult to think about, for the sake of your loved ones it’s important to consider how you or they might afford to live should a primary earner pass away.

There is a lot that UK families need to pay for today and if you or your partner were to die, the responsibility of covering these expenses would fall on the shoulders of one person.

• Did you know…? UK households spend an average of £572.60 per week.

Meanwhile, according to our Wealth & Protection Survey 2017…

• In 2017, 1 in 4 Britons had a mortgage of at least £100,000 that they had yet to pay off.

• 44.3% of people have less than £200 at the end of the month. 1 in 4 people have less than £100.

How Much Do You Have Left at the End of the Month?

If the primary earner of a household were to pass away, covering typical expenses can become difficult and this can be made even worse by pre-existing debt. Without a payout from a Life Insurance policy, UK families often have few options when it comes to paying their bills.

Could Your Loved Ones Live on Benefits?

One option for families that have lost a primary earner is to claim benefits. However, what they receive in benefits may not always be enough to cover their usual expenses.

Bereavement Support Payment:

• If you have children under 20 in full-time education, you can receive a first payment of £3,500 and 18 monthly payments of £350.
• If you do not have children under 20 in education, you will be entitled to an initial benefit of £2,500 and 18 payments of only £100 per month.

It is also important to consider that these benefits all have terms and if you or your partner do not meet them, you will not be entitled to them. For example, Bereavement Support Payment is not available for surviving partners that are older than State Pension Age, nor those that have not contributed enough to National Insurance.

Could Your Loved Ones Live Off Savings?

In the Drewberry 2017 Survey, almost 40% of people had less than £1,000 in cash savings. For an average UK household, this would barely be enough to last them until the end of the month and once the savings are gone, there is nothing to fall back on if they encounter a financial emergency.

Different Types of Life Insurance

Your insurance policy can be tailored to meet the needs of you and your family. There are a range of options you can choose from to ensure that you and your loved ones are getting the level of cover that you need.

Family Income Benefit

Instead of receiving a lump sum, Family Income Benefit will send your insurance payout to your loved ones in the form of easy to manage monthly payments.

Joint Life Insurance

If you are married and would like to ensure that both you and your spouse are covered by insurance, you can take out a Joint Life Insurance policy which will pay out the the surviving partner if either of you should pass away.

Mortgage Life Insurance

Mortgage Life Insurance covers your full mortgage in the event that one of you passes away, allowing your loved ones to stay in the family home even if they couldn’t afford the mortgage repayments without your income.

Additional Life Insurance Benefits

Terminal Illness Benefit

This benefit is usually included automatically with your Life Insurance. If you are diagnosed with a terminal illness with less than 12 months to live, you can claim your insurance payout earlier.

Waiver of Premium

If you become seriously ill or injured, Waiver of Premium exempts you from having to pay your premiums for a certain length of time, so you can benefit from your insurance policy even if you are unable to work.

Life Insurance Payout Rates

The table below shows the Life Insurance Payout Rates for some UK insurers. Most insurers pay out on more than 95% of the claims that were made since 2014, with the best seven life insurers by claims payout all paying at least 98% of claims.

Expert Life Insurance Advice with Cashback

Life Insurance is possibly one of the most important protection products you could purchase, especially if you have loved ones or dependants that rely on you to financially support them.

That’s why we’re offering Life Insurance with cashback. We want to make sure that the people that need protection have it.

By contacting us you can also receive Life Insurance advice and recommendations from our expert insurance advisers for no charge.

Why Speak to Us?

We started Drewberry because we were tired of being treated like a number and not getting the service we all deserve when it comes to things as important as protecting our health and our finances. Below are just a few reasons why it makes sense to talk to us.

• There is no fee for our service
• We are independent and impartial
  Drewberry isn’t tied to any insurance company, so we can provide completely impartial advice to make sure you get the most appropriate policy based solely on your needs.
• We’ve got bargaining power on our side
  This allows us to negotiate better premiums for you than you going direct yourself.
• You’ll speak to a dedicated expert from start to finish
  You will speak to a named expert with a direct telephone and email. No more automated machines and no more being sent from pillar to post – you’ll have someone to speak to who knows you.
• Benefit from our 5-star service
  We pride ourselves on providing a 5-star service, as can be seen from our 3770 and growing independent client reviews rating us at 4.92 / 5.
• Benefit from the protection of regulated advice
  You are protected. Where we provide a regulated advice service we are responsible for the policy we set-up for you. Doing it yourself or going direct to an insurer won’t provide this protection, so you won’t benefit from these securities.
• Claims support when you need it the most
  You have support should you need to make a claim. The most important thing when it comes to insurance is that claims are paid and quickly. We are here to support you during the claims process and make sure it’s as smooth and stress free as possible.