While death is not a topic that’s pleasant to talk about, we all get to the point where we need to start thinking about what we intend to leave behind for our loved ones.
If your family has bills to pay, debts to settle, and futures to plan for, a Life Insurance policy could be their saving grace if the worst were to happen.
We feel that this protection product is one of the most valuable and so we at Drewberry are offering Life Insurance with cashback worth one month of free cover.
By reaching this page you are eligible for one month FREE cover when you set-up your new Life Insurance policy.
Simply fill in the form on this page to apply your one month free discount and get your instant quotes or call us on 02084327333 and state the code VC1MF.
Michael Barrow
Independent Protection Expert
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.
You never know when you will need insurance. Misfortune can strike at any time, which is why it pays to be prepared.
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.
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.
Meanwhile, according to our Wealth & Protection Survey 2017…
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
Insurers
|
2015
|
2016
|
2017
|
---|---|---|---|
AIG
|
92.2%
|
95%
|
99%
|
Vitality Life
|
99%
|
99%
|
99%
|
Zurich
|
98.5%
|
98%
|
99%
|
Scottish Widows
|
98.9%
|
99.4%
|
98.99%
|
Aviva
|
98.9%
|
98.9%
|
98.9%
|
Aegon
|
98%
|
98%
|
98%
|
Legal & General
|
97.9%
|
98.6%
|
98%
|
Royal London
|
98%
|
96.8%
|
97.3%
|
Liverpool Victoria
|
97%
|
98%
|
95% |
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.
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.
To receive your Life Insurance with cashback, contact us today on 02084327333 and quote the code ‘VC1MF’.
This discount will apply once you have had the policy for 3 months and we will send your cash back directly to your bank account.
Sam Barr-Worsfold
Independent Protection Expert
Drewberry™ uses cookies to offer you the best experience online. By continuing to use our website you agree to the use of cookies including for ad personalization.
If you would like to know more about cookies and how to manage them please view our privacy & cookie policy.