Why choose lifeprotect life insurance?

lifeprotect, which can cover you within minutes of going online, is one of the simplest life insurance policies you can buy. You can use it to cover yourself and your partner for a fixed term of your choice. Then if you (or your partner) die during that time, your family will receive a lump sum.

You pay for lifeprotect through monthly premiums, which are guaranteed to remain the same throughout the term of your policy. They can cost as little as £5 a month. lifeprotect is very flexible, so you can choose exactly how much life cover your family will need to help meet their outgoings and hold onto the family home if one of you dies. And we are most unusual in enabling you to complete the whole application process online and to receive immediate cover. This can save hours of boring paperwork and weeks of waiting while your application is processed.

So why not get a life insurance quote from webmoney now? You could be covered in an instant.

lifeprotect options

lifeprotect is administered and underwritten by Friends Provident, one of the leading UK life insurers. This badge of quality is backed up by a great service from our friendly UK team. What's more, it comes with a range of options, so it meets your needs now and in the future.

Level term life insurance

Level term insurance provides a fixed amount of life insurance for a fixed term. Then, if you die during the term of the policy, we will pay the amount you are covered for to your loved ones as a lump sum. You can choose a term of anything between five and 40 years, as long as you are under 85 when the term ends.

Decreasing term life insurance

Decreasing term cover is designed to pay off your repayment mortgage if you die during the period of cover. That's why it's sometimes called mortgage protection life insurance. The amount of cover you choose decreases in line with the outstanding balance on your mortgage. You can choose a term of anything from 10 to 40 years, as long as you are under 85 when the term ends.

Mortgage increase and extension option

If you're under 50 and in good health, we'll include this option at no extra cost. It means that if you increase your mortgage due to moving house or making home improvements, Friends Provident will allow you to take out extra cover or increase the term of you cover without providing it with any further information about your health, occupation or leisure activities.

Special events option

If you choose lifeprotect's level term cover, we'll include this special events option at no extra cost (if you're under 50 and in good health). It means that if your life changes, say you get married or have a child, you can increase your cover without having to provide Friends Provident with additional information on health, occupation or leisure activities.

Terminal illness cover

lifeprotect includes this at no extra cost, so that if you're diagnosed as being terminally ill with a life expectancy of less than 12 months (at least 18 months before the end of the cover term), Friends Provident will pay out the amount you are covered for immediately.

Terminal Illness cover should not be confused with Critical Illness cover which provides cover for specific illnesses that are not necessarily terminal. Critical Illness cover is not included as part of a lifeprotect policy.

Waiver of premium cover

If you choose this option, Friends Provident will pay your monthly lifeprotect premiums if you find you're still unable to work six months after having an accident or becoming ill. (Remember also that you can protect your general outgoings again these risks by taking out income protection insurance or mortgage payment protection)

Joint policy

If you set up a joint lifeprotect policy with your partner, the amount of cover you choose will be paid out when the first person dies. The policy will stop when the claim has been paid.

Alternatively you could choose two separate policies. This is likely to cost slightly more, but it has the potential to pay out two separate lump sums instead of just the one. And it means that when one of you dies the other still has cover in place.

What if my situation changes?

We have designed lifeprotect to be flexible enough to meet your changing needs. So with lifeprotect you can increase or reduce both the amount of cover and the term of the cover at any time. Of course, any change you make is likely to mean that your premiums will change too. And if you want to increase your cover, we will need to check your health, occupation and leisure interests again, to see if they have changed, unless you qualify for our mortgage increase and extension option or use a special events option.

What if I change my mind?

Of course you have the right to change your mind. If you decide you don't want lifeprotect at any time, all you need to do is let Friends Provident know in writing.

The policy has no cash-in value at any time. But if you cancel within the first 30 days of taking out your policy, Friends Provident will give you back the premiums you have already paid.