Life Insurance from £5 per month
Costs based on Life Only Level Term Policy of £100,000, Non-Smoker & 25 Year Term
Costs based on Life Only Level Term Policy of £100,000, Non-Smoker & 25 Year Term
Every 22 minutes a child in the UK loses a parent they financially depend on
Source: Child Bereavement UK: Office for National Statistics; National Records of Scotland; Northern Ireland Statistics and Research Agency
Life insurance can be compared to a safety net. If you were to pass away while the policy was in effect or if you were given a terminal illness diagnosis, it might pay out a cash sum as long as your remaining time is less than 12 months.
Life insurance may be more crucial than ever given the rising cost of living and the decreased disposable income for many people. Life insurance enables you to continue providing the essentials, such as keeping a roof over your head and paying their rising bills.
Life Insurance & Critical Illness
A life insurance policy will pay out regardless of your age when you pass away and critical illness will cover you in the event that you’re diagnosed with a critical illness.
Income Protection
Whether you’re self employed or only receive statuary sick pay, income protection will provide you with a regular monthly income in the event that you’re too sick or injured to work.
Business Protection
From company relevant life plans, key person to business loan protection – there’s a full suite of business protection policies available for you and fellow partners to protect your business’ future.
Frequently Asked Questions
Do I need Life Insurance?
Life insurance isn’t a legal requirement but it’s something that we believe everyone should have in place to provide their loved ones with financial security in the event of their death.
A lump sum payment be used to pay off the mortgage, help with the every day bills or however the family would like to use it.
Can I get Life Insurance and Critical Illness as a Combined Policy?
You can get a single policy or you can choose to have multiple policies. You can also choose to have a single policy that will cover just yourself or you could choose to have a joint policy, which will cover you and your partner.
What's Income Protection Insurance?
If you were unable to work due to an accident, illness, or injury, income protection could provide you with regular income whilst you’re off from work.
The majority of people choose income protection because their employer only provides statutory sick pay or because the amount of sick pay offered by their employer is insufficient to cover all of their monthly expenses.
Can I get Life Insurance that also covers my children?
For instance, one of our service providers will pay £100 for each night your child spends in the hospital to help you with any time off work you might require.
How often do I need to review my Life Insurance?
We suggest that you recommend your life insurance when your circumstances change such as if you got a new job, had children, got married or gone self employed.
How much will Life Insurance cost me?
The cost of life insurance is different for every person – there isn’t one policy that fits all. However usually if you start your policy when you’re younger, it tends to be cheaper per month than if you were to do it when you’re older.
What if I have already have a medical condition, can I still get protection insurance?
Yes, it’s still possible for you to get protection insurance. Some providers may exclude your medical condition from your policy or if you wish to be covered for it, your premiums may be higher.
What's the difference between critical illness and income protection?
Critical Illness will provide you with a payout in the event that you’re diagnosed with a critical or terminal illness. A critical illness could be cancer, stroke or a heart attack but what is covered is different between providers.
Income Protection will provide monthly payments in the event that you’re too ill or injured to work. The reasons can be because you’ve broken your leg and it’s preventing you from doing your job or because you have been signed of by a doctor with stress.
Why Choose Protection Penguin?
Specialists
We specialise in life insurance, critical illness and income protection and you can rely on our knowledge and experience to find a policy to meet your needs.
Free Insurance Reviews of Existing Policies
If you already have an existing policy that you haven’t reviewed for a while or your circumstances have changed (e.g. new job, gone self-employed, added a new family member), we will happily review your existing policy and see if we can find you a more suitable policy or update it to meet your new lifestyle requirements.
Policies tailored to your requirements
Whether you’r looking for a protection policy to cover your mortgage or income protection to cover your loss of wages in the event that you’re too ill or injured to work, we’ll listen and find the policy for you.
We'll do all the hard work
Sourcing a life insurance policy to meet your requirements can be time consuming and quite confusing with the industry jargon – we’ll do all the hard work and find the policy best suited to your needs.