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Life Insurance
Protect your home, family and lifestyle with cover that pays a lump sum of money, providing financial stability to you and your dependents.
Whether you're looking to cover a mortgage and loans, or provide your loved ones with a financial safety net, TQ Protect can help you choose the right type of cover at the best possible price.
Key features:
- Pay monthly or annually
- Lump sum benefit free of income and capital gains tax
- Flexible cover
- Joint cover available for you and your partner
- Easy application process
- Add Critical Illness cover for added protection
Things to remember:
- You are covered for the term of the policy
- If you stop paying your premiums your cover will be cancelled
- The amount and type of cover you need will depend upon your personal circumstances
- You should never cancel an existing policy unless a replacement has started
- A trust could help you protect the lump sum benefit from inheritance tax
What type of life insurance do I need?
Benefits
- The amount of cover you receive will stay the same over the duration of the policy.
- If you die before the end of the policy, a lump sum is paid to your estate, or into trust if you have arranged it that way.
- The money can be used in any way your beneficiaries wish, but it is usually used to ease the financial loss death can bring to a family, by paying for ongoing living costs.
- Terminal illness benefit may be added to the policy free of charge.
Not right for you? Discover your options
One of our Protection Specialists can run through your options with you and explain the different types of cover in detail. Call 0800 068 5043.
Benefits
- The amount of cover you receive decreases over the duration of the policy, in line with the reduction in the amount you owe on your mortgage.
- Less expensive than level term cover.
- If you die before the end of the policy, a lump sum is paid to your beneficiaries to pay off outstanding debts, including your mortgage.
- Terminal illness benefit may be added to the policy free of charge.
Not right for you? Discover your options
One of our Protection Specialists can run through your options with you and explain the different types of cover in detail. Call 0800 068 5043.
Top tip
Inflation will reduce the value of your lump sum benefit. If you know the exact amount you need to provide cover for, you should take inflation into account.
It only takes 2 minutes to get a life insurance quote:
Life Insurance FAQs
Q. Who can apply for life cover?
A. You can apply for Life Insurance if you're a UK resident aged between 18 and 66. A UK resident is defined as someone who permanently resides in the United Kingdom of Great Britain and Northern Ireland (excluding the Channel Islands and the Isle of Man).
A. Pay-outs for terminal illness and life claims are usually free of income and capital gains tax, but in some circumstances inheritance tax may be payable. You can normally help to avoid this by putting your plan in trust. Bear in mind that the law relating to tax may change in the future.
Q. What if I need to make a change to my policy?
A. We recognise that sometimes your protection needs change, and as your needs change, so should your cover. We can help you make these changes to your policy. In most cases you have the freedom to:
- change the term of your policy
- increase or decrease the amount of cover under your policy
- remove a life from a joint policy where cover is no longer required for that person
A. Terminal illness cover, in most cases, is included with your life insurance policy and providers cover for you if you were diagnosed with a terminal illness, meaning you can claim on your life insurance before you die. There will be restrictions and terms and conditions, make sure you read your policy documents.
Our trusted providers
We choose providers we believe provide the best value. Here are some of our trusted providers:
