Get life insurance quotes online. Family Life Insurance - Life Cover for Families, Smart Insurance

Help secure your family’s financial future Family life insurance.

If someone depends on you financially, family life insurance could be important for you, because if you were no longer there to provide, the financial implications for those you love could be considerable.

The benefit amount your family could receive, can be used to help them manage major household debts like the mortgage, car repayments or simply help with daily living expenses.

If you live in the UK and are aged 18 to 64, Smart Family Life Insurance® is here to help protect your family’s financial future.

It's worth bearing in mind that inflation may reduce the value of the benefit amount you choose.

Once you are accepted, you'll be covered immediately. However, if you cancel your family life insurance policy, there's no cash-in value.

There is no cash-in value at any time

Inflation may reduce the value of your benefit amount

We know that everyone has different needs, so we have two policy types to choose from:

With an age-based policy, your premium is recalculated each year at your policy anniversary; gradually increasing in line with your age. Your monthly premium will start lower compared to its equivalent on a level policy type, so this may appeal to those on a tight budget during the early years of holding the policy. Plus, with an age-based policy, you can keep it for the rest of your life (whole of life insurance) rather than deciding on a fixed term.

Automatic benefit amount increases: The age based policy features a 5% automatic annual increase to your chosen benefit amount for your life insurance and any optional cover you have.

This increase is not subject to further health and lifestyle questions

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It is applied automatically to your policy on your policy anniversary each year for 10 consecutive years from the policy start date

For example, a benefit amount of £100,000 will increase by 5% to £105,000 after the first policy anniversary and will reach £150,000 after 10 years, as shown in the chart below.

The automatic benefit amount increase is a great way of increasing your benefit amount gradually over the years, for example as your family or mortgage grows. You will be sent a new schedule each year, which will show your new monthly premium recalculated based on age and the new benefit amount. At this point you have the flexibility of deciding to accept the increase, in which case you wouldn’t need to do anything, or you can let Smart Insurance know if you wish to opt out of it. If you change your mind, you can still opt back in to the 5% benefit amount increases within the 10 years, whatever suits your needs best.

Our Level policy is great for people who want certainty, knowing that their increasing age will not affect their monthly premium – it will stay the same each year.

With our Level policy, you have the choice of a fixed term from 10 to 40 years

Once you have been covered for the length of the term you choose, your policy will end

It is important to note that as the value of the benefit amount you choose at the start of the policy will not increase, it may not keep up with inflation.

The 5% automatic benefit amount increase is not available on a Level policy. You can ask Smart Insurance to make changes to your insurance policy for your family, however these changes may be subject to payment of additional premium based on your age and further health and lifestyle questions at the time of the request.

For greater peace of mind, you can also choose from the following range of optional covers to add to your Family Life Insurance policy when you apply or once you have been accepted.

Helps cover extra costs that may be incurred for items like medical expenses and school tuition if your child suffers one of the defined serious injuries or illnesses, which result in permanent irreversible symptoms. For example, it covers bacterial meningitis, paralysis, or encephalitis. The benefit amount is also paid in the event of Accidental Death.

Pays a benefit amount to you if you suffer a defined serious illness; cancer – excluding less advanced cases, coronary artery bypass grafts – with surgery to divide the breastbone, heart attack – of specified severity, or stroke – resulting in permanent symptoms.

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Pays a benefit amount in addition to your Family Life Cover benefit in the event of your accidental death.

Smart Family Life Insurance is a plan that helps to provide for your loved ones with a cash sum when you die. Family Life Cover is provided by one of Scotland’s longest standing Life Insurers, Scottish Friendly Assurance Society Limited.

Cover can be secured over a free call to our 0800 877 8818 number without the need for filling out any forms or having a medical examination or blood test.

The Smart Family Life Insurance Key Facts document contains important information about Smart Family Life Insurance cover and its features, benefits, exclusions and limitations. You can download it here. It is important that you read the Key Facts document, as it contains important information about the insurance. You should only apply for this policy if, having read the Key Facts document, you believe that you are eligible to claim the benefits.

Smart Family Life Insurance is subject to certain exclusions and limitations. These are also detailed in the Key Facts document. You should ensure you understand these before taking out family life cover.

This document also contains a copy of the Smart Family Life Insurance Terms and Conditions. You should read these carefully so that you can be sure the life insurance cover is suitable for you.

You can apply for this policy if:

you are aged between 18 and 64; and,

Smart Family Life Cover provides cover to help fill the financial gap for your family if the worst were to happen and they were suddenly left without you to provide for them.

If you are the main breadwinner in the family, it’s important to make sure that your family would have adequate funds to ensure that the dreams you have for your family are not jeopardised if you were no longer there.

Smart Family Life Insurance provides a benefit which is paid to your family in the event of your death or terminal illness. The money can be used to help give your family a secure future – by helping to pay off the mortgage, outstanding debts or simply assisting with daily living expenses so life can go on even if the worst were to happen.

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This type of life insurance for the whole family can also be used to start your insurance portfolio or can boost your cover levels to take account of the increasing costs associated with inflation and a growing family.

We know that everyone has different needs, so we have two policy types to choose from; age based premium or level premium. Both policy types are flexible which allow you to apply for changes if your circumstances change. For example, you will be able to increase your benefit amount if you move to a larger home, or decrease it when the children leave home and you decide it’s time to downsize. Maybe your financial situation changes and you decide you would like even more peace of mind by adding critical illness cover, adding Children’s cover or increasing your Accidental Death cover

With an age based policy, your premium is based on your age. The premium is recalculated each year at your policy anniversary; gradually increasing in line with your age.

With an age based policy, your monthly premium will start lower compared to its equivalent on a level policy type, so this may appeal to those on a tight budget during the early years of holding the policy. Plus, with an age based policy, you can keep it for the rest of your life (whole of life) rather than deciding on a fixed term.

Automatic benefit amount increases: The age based policy features a 5% automatic annual increase to your chosen benefit amount for your family life insurance and any optional cover you have. This increase is not subject to further health and lifestyle questions. It is applied automatically to your policy on your policy anniversary each year, for ten consecutive years from the policy start date. Example: If you have chosen a £100,000 benefit amount at the start of the policy, the next year you will be covered for £105,000. At the end of ten years, assuming you don’t opt out of the increase, your benefit amount would be £150,000. The benefit amount increase is a great way of increasing your benefit amount gradually over the years, for example, as your family or mortgage grows.

You will be sent a new schedule each year, which will show your new benefit amount with the 5% automatic increase included and your new monthly premium recalculated based on your age and the automatic increase. At this point you have the flexibility of deciding to accept the increase (in which case you wouldn’t need to do anything), or you can let Smart Insurance know if you wish to opt-out of it (in which case a replacement schedule will be issued which will show your rise in premium based on age only). If you change your mind, you can still opt back in to the 5% benefit amount increases within the ten years, whatever suits your needs best.

Our level policy is great for people who want certainty, knowing that their increasing age will not affect their monthly premium – it will stay the same each year unless you ask Smart Insurance to make changes to your policy. With our level policy you have the choice of a fixed term from 10 to 40 years. Once you have been covered for the length of the term you choose, your policy will end.

The 5% automatic benefit amount increase is not available on a level policy, so your chosen benefit amount will stay the same. It is important to note that as the value of the benefit amount you choose at the start of the policy will not increase, it may not keep up with inflation.