Quality life insurance for your protection
Help protect your family with great value life insurance – with cover up to £750,000. Life cover.
You are one of the most important things to your family, and with our Life Insurance, you can help make sure that your family are covered if you were to pass away unexpectedly.
We’ll help you protect your life with great life insurance. Our aim is to make sure that everything about you is insured. We’ll get you our best value life insurance which is backed by great customer service from our UK based contact centre.
If you need to make a claim, just give our customer service team a call on 0330 0188806. Our team will be able to help you to sort out your claim as soon as possible.
Life insurance helps to provide a financial benefit to your family if you die whilst the policy is valid. You can set the length of the policy during your application. If you pass away before the policy has ended, your family will be able to make a claim.
There a two types of life insurance that you can buy through us, Level Term and Decreasing Term (this can also be known as Mortgage Term). We’ve outlined the differences below to make your decisions easier.
With a Level Term Policy the cover amount is fixed for the length of the policy term. This means that if you pass away whilst the policy is valid, your family can claim for a set amount of money.
A Decreasing Term Policy means that the amount you are covered for reduces over time. This will mean your family will be able to claim the current value of the policy.
How much is life insurance
Your monthly payment won’t reduce on this type of policy.
We also provide both a Single Policy and a Joint Policy; this means that you can buy a policy for both you and your partner or just for you.
Single Life Policy
A Single Life Policy is life insurance for one person, which means that you’d be covered for the length of the policy.
Joint Life Policy
A Joint Life Policy is life insurance for two people, but this policy will only pay out once. This will be when the first person dies, meaning the other person will receive the pay-out.
Critical Illness Cover
We also give you the option (subject to eligibility) to include Critical Illness Cover as an add-on to your life insurance policy. If you’re diagnosed with one of the Critical Illnesses covered under the policy, you’re able to claim for a pay-out that won’t impact your life insurance. Child Critical Illness Cover is also available and it covers any children whether you have them or are planning to have them in the future.
To find out more about Critical Illness and Child Critical Illness cover click here.
We offer our customers a Free Will when a valid life insurance policy is bought. This is written by a selected partner and allows you to be sure that your estate is given to the beneficiaries that you choose.
Having a Will means that you can be sure that your wishes will be taken into account in the future, as it’s a legal document. Our Will is usually worth £150, which means that if you buy Budget Life Insurance, you could be saving money on creating a Will.
Once you have purchased your Budget Life Insurance policy and have received your documents, please call our free Customer Service Line on 0330 0188806 (Mon-Fri 8am-9pm, Sat 9am-5pm, Sun 10am-3.30pm) and our team will advise you as to how you claim your free will.
For terms and conditions around Wills, please click here.
If you have a Single Life Insurance Policy, you can write it in Trust leaving it to chosen beneficiaries. If you have a large estate and want to leave it to beneficiaries, you can write your estate into a Trust. We provide a free Trust Tool to all our customers, which means that you can be sure that the people you want to receive the proceeds of your policy do.
The benefits of setting up a Trust include:
If your estate is worth more than £325,000 your beneficiaries are less likely to have to pay the inheritance tax, which is currently at 40%. This means that your family will receive the whole pay-out.
If you leave children under the age of 18 behind, you’ll be able to nominate a Trustee(s) to look after the Trust until the child turns 18 (or the age that you specified within the Trust).
Level term insurance rates
If you wish to consider setting up a Trust for your single life insurance policy, go to Your Account or give us a call on 0330 0188806 to apply for a form to be sent you for free. For applicable terms and conditions, please click here
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