Life Insurance
If the thought of leaving your loved ones without financial protection keeps you up at night, we can help. Let us take the guesswork out of finding the right cover for your family.
A child in the UK loses a parent they rely on financially every 20 minutes1
Helped Protect Over 50,000 Families
What is Life Insurance?
If the thought of leaving your loved ones with a mortgage, bills or expenses they can’t afford keeps you up at night, then it could be time to consider Life Insurance. With prices starting from just £5 a month, you can put plans in place to help financially protect your loved ones, so you know they’re taken care of should the worst happen.
Why is Life Insurance important?
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Financial Security
Life Insurance can provide you and your family with the peace of mind that, if the worst happens, they will have enough money to go on without you.
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Terminal Illness Support
You’ll receive a full payout of your policy value if you’re diagnosed with a terminal illness and given less than 12 months to live.
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Lump Sum Payout
In the event of your death, your family will receive a tax-free, lump sum payout to help settle debts, pay off the mortgage, or to provide financial relief while they take time to grieve.
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Fair Cover
Our prices start from just £5 per month, and we often don’t charge more for disclosures that other insurers do, such as mental health conditions, certain careers, or minor medical issues such as asthma.
What’s Covered?
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What’s covered?
Your loved ones will receive a tax-free, lump sum payment if you die within the policy term. That money can be used to help pay off a mortgage, cover your bills, or simply providing your family with breathing space while they grieve your loss. If you are diagnosed with a terminal illness and given less than one year to live, you’ll receive a full payout to spend however you see fit, so you can create lasting memories with those closest to you.
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What’s not covered?
Life Insurance isn’t like a savings account, which means there’s no cash value, and you can’t cash in your policy for a payout. You also won’t be covered if your death is a result of suicide or intentional injury within the first 12 months of your policy term.
Dads know best
Don’t just take our word for it. Hear from some of the dads just like you who chose to protect their families’ financial futures with Tom.
Manage your policy from our app
You can now view and access your policy documents in one place, any time, anywhere. Our Tom app helps keeping on top of your insurance super simple. Manage your payments, learn about our other products and get in touch at the tap of a button.
Three steps towards financial peace of mind
- Fill in the form
It’s just a few questions, no confusing financial jargon, and you’ll be done before the kettle’s boiled. Once you’re ready, just hit ‘send’. - Talk to us
Expect a call. Not from a robot, but from a real person who’s here to help you find the right cover for you and your family. - Relax
Let’s be honest, you’re a dad & you’ve got loads on. So we’ll handle the tricky stuff while you get on with your day. Simple, huh?
If you’ve got questions, we’ve got the answers.
If you’ve got questions, we’ve got the answers.
Life Insurance FAQ’s
How much does Life Insurance cost?
Prices for £100k cover start from just £5 per month, and £6.07 for £250k sum assured. Plus, we offer both level and decreasing cover, so you can find a policy that suits your needs.
How does Life Insurance work?
The amount you pay each month will depend on various aspects of your health, lifestyle, and desired payout. If you pass away within the term of your policy, your family would receive a tax-free lump sum to help them cover their bills, so they can take the time they need to grieve and rebuild their lives.
Are Life Insurance proceeds taxable?
Life Insurance payouts are not taxable, however they may be subject inheritance tax if they take the value of your total estate value above £325,000. You can protect your Life Insurance payout from inheritance tax by nominating beneficiaries during the sale of your policy with us, or by putting it in a trust with a legal professional.
References
[1] https://www.childbereavementuk.org/death-bereavement-statistics