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 minutes 1
Over 750,000 mums helped
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 financially taken care of should the worst happen.
Why is Life Insurance important?
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Financial Peace of Mind
Having your Life Insurance policy in place means your family can give you the peace of mind that your family will be financially protected if the worst happens to you.
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Terminal Illness Protection
If you’re diagnosed with a terminal illness and given less than 12 months to live, your policy will pay out early so you can make memories with your family that will last long after you’re gone.
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Square Health Benefits
Your policy will give you access to Square Health’s remote GP services at no extra cost. Get unlimited remote GP appointments for you and your family* and up to 6 annual mental health consultations each year for you and your partner**.
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Flexible Cover
Our prices start from just £5, and you can choose a term length and cover type (level or decreasing) to suit your needs and budget.
Life Insurance Cover Details
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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.
Mums know best
Don’t just take our word for it. Hear from some of the mums just like you who chose to help protect their families’ financial futures with Polly.
Manage your policy from our app
You can now view and access your policy documents in one place, any time, anywhere. Our Polly app helps to make 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 mum & 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.
What is Life Insurance?
Life insurance is a financial protection policy designed to pay out a lump sum of money to your loved ones if the unthinkable happens and you die. It can be a crucial safety net for parents or partners who want to help make sure their loved ones can, for example, pay off the mortgage, clear outstanding debts, pay the bills, or get some money as a gift after they’ve gone. You typically pay life insurance in monthly instalments known as premiums, and there are many different types of policy you can opt for.
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.
What are the different types of Insurance cover?
There are many types of insurance cover you can choose to help provide financial protection in the event of illness or death. These include the following:
- Over 50s Life Insurance
- Level term life insurance
- Whole of Life insurance
- Decreasing term / mortgage protection insurance / payment protection insurance
- Joint life insurance
- Family Income Benefit
- Critical illness insurance
- Income Protection Insurance
References & Conditions
[1] https://www.childbereavementuk.org/death-bereavement-statistics