Life Insurance in partnership with Anorak
Pays out a lump sum if you die.
What is life insurance?
Life insurance is an insurance policy that pays out a lump sum to your partner or family if you die. It’s designed to make sure your loved ones would be financially secure if you and your income were no longer here.
How does life insurance work?
In most instances life insurance works just like any other insurance, except what you are insuring is yourself. Life insurance is an insurance policy that pays out a lump sum if you, the policy holder, die whilst you’re insured.
You pay a monthly insurance premium to be covered by a life insurance policy and the lump sum is paid out if you die during your policy term – or, in some cases, if you’re diagnosed with a terminal illness and given less than a year to live.
After your death the lump sum goes to whoever you’ve named the beneficiary, which is usually your partner, children or family members.
How much does life insurance cost?
Life insurance is often very affordable, but the price is always different per person. This is because it depends on:
- You and your lifestyle: including factors like your age, individual and family health history, smoking status, hobbies, etc.
- The cover you buy: including the amount, the type, how long you want to be insured for, and any other policy features.
Why choose Anorak?
Anorak helps you learn, compare and buy life insurance, income protection and critical illness cover – all in one place.
- Independent advice
- Whole-market quotes
- Right cover for you
Get expert advice. Compare quotes. Buy the right cover.
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