Life Insurance Online > Protect Your Family

Before you buy Life Insurance online, complete our Free FRisk Report.

Life Insurance with the power of a Family Risk Report could save your family thousands of pounds.

FRisk Benefits:

  • Buying a new home. If you die before your mortgage is repaid.
  • Getting married. Make sure you are both covered in the event of one partner in the marriage dying.
  • Having children. Raising a child is expensive right through from infancy to school and onto college.

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If you died yesterday...

You might assume that your loved ones will automatically inherit your assets when you die but that is absolutely not the case.

How would your family manage?

If you pass away without a will in the UK, you die ‘intestate’, and the government have strict rules that decide how your assets are divided.

See how are risk you and your family are for free.
Free Risk Report

If you died yesterday...

You might assume that your loved ones will automatically inherit your assets when you die but that is absolutely not the case.

"PRESS FOR ANSWER"

How would your family manage?

If you pass away without a will in the UK, you die ‘intestate’, and the government have strict rules that decide how your assets are divided.

See how are risk you and your family are for free.
Free Risk Report

Life Insurance with FRisk

You might not like to think about death but at FRisk we know that you’d like to offer some reassurance to your loved ones at such a difficult time. That’s where life insurance can help you and your family. Take out life insurance and you avoid leaving your dependents with any of your outstanding debts like a mortgage or funeral, medical and care costs after you’ve passed away. With life insurance your family will receive a lump sum that will cover those costs if you die during the policy term.

60% of UK adults don’t have any form of life insurance. That isn’t smart when every day in Britain 500 women become widows, 75 men aged under 50 become widowers and more than 100 children lose a parent. If you die while having a life insurance policy your insurance company will pay out a lump sum that will make sure your family are supported financially.

That’s why FRisk recommends taking out life insurance. Our free online Family Risk Report allows you to make an informed decision on insuring your life. When you sign up to our no-obligation service we’ll also match you with reputable life insurance providers who can provide the most appropriate policies for your individual situation. Insure your life through FRisk today and ensure financial peace of mind for your family, whatever the future brings.

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How Does Life Insurance Work?

There are two types of life insurance: whole of life and term assurance. In both cases you normally pay a monthly premium for the duration of your life insurance policy. When you die your beneficiaries will then receive a pay-out. For term assurance your life insurance company will pay out if you die within the specified term of the policy.

The size of the premium you have to pay and the lump sum that you’ll receive are dependent on your individual circumstances and the type of policy you select. Whatever type of life insurance you choose, the cost of the policy will take into account your medical history, your age, and your lifestyle. The younger you take out a life insurance policy then, usually the less you will pay monthly.

You can take out a single or a joint life insurance policy. The joint policy is normally paid to the other person and the single pays out to your estate. For even more effective Estate Planning you could consider placing your life insurance policy in a Trust which will make the pay-out exempt from UK inheritance tax.

Whatever type of life insurance you choose, sign up to FRisk to search, compare and access recommended life insurance providers that can give you real peace of mind for the future.

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Why You Need Life Insurance

People buy life insurance for many different reasons and depending on their particular circumstances but the most popular reasons for taking out a life insurance policy include:

Buying a new home. If you die before your mortgage is repaid and you don’t have any life insurance, your loved ones will be responsible for completing the payments. 28% of people who buy life insurance in the UK do so after purchasing a house.

Getting married. Make sure you are both covered in the event of one partner in the marriage dying. A life insurance policy enables you to keep supporting your wife or husband financially even after your death.

Having children. Raising a child is expensive right through from infancy to school and onto college. Providing contingency funds for your children if you were to die suddenly or before they reach maturity is a very good reason for taking out a life insurance policy.

Planning for a funeral. With average costs of funerals in the UK rising to nearly £4,000, it’s smart to take out life insurance that could cover your funeral expenses. FRisk also provides detailed information on dedicated Funeral Plans here.

Inheritance tax. Why run the risk of leaving your loved ones with a huge inheritance tax bill of up to 40% of your assets when you can buy a life insurance policy to cover any tax liability. You can also put your insurance policy into a trust making it exempt from the tax authorities.

At FRisk we understand why life insurance is worth paying for. Use our Family Risk Report Questionnaire to identify the financial risks your family could face on your death without the right life insurance policy. FRisk can then provide you with a free, no obligation introduction to a panel of expert life insurance providers that you can really trust.

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Life Insurance - Term Assurance

Term assurance is a type of life insurance policy that provides life cover over a pre-agreed period. It’s often taken out to cover a mortgage, for example. If you die within this period, then the life cover will pay out a lump sum. If the policy expires before you die, then no payment will be due. You can normally set up either a single or joint life policy.

The types of term assurance available in the UK include:

  • Level term insurance – your life cover stays the same and your premiums are fixed unless it is reviewed later.

  • Decreasing term insurance – your life insurance cover reduces during the term of the policy, so that the cash payment due decreases the longer the policy runs. This type of insurance is typically used to cover mortgage payments and is usually less expensive than a level term policy.

  • Family income benefit – rather than a lump sum payout, regular payments are made to your beneficiaries if you die providing financial certainty in difficult times.

  • Increasing term insurance – your premiums and cover will both increase during the term of this insurance policy, keeping in line with inflation or covering an increasing debt.

Investigate life insurance further by signing up to our free FRisk online questionnaire today and start planning for a secure future for your family.

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Life Insurance – Whole of Life

Whole of life insurance plans give you cover for your entire life with no time limit or as long as you continue to pay the premiums. When you die, a lump sum is paid to your family or beneficiaries so they can cover debts or bills like inheritance tax liabilities. 

Whole of life policies usually have two parts with some of your premiums going towards life assurance while the rest of your money is invested during the lifetime of the policy.

The payout for this part depends on how your investment performs during your lifetime. This investment builds up a cash value which you may be able to withdraw or borrow against. 

A whole of life insurance policy can cover an inheritance tax liability when you die but also provide tax-efficient inheritance planning cover for your family. Whole of life insurance can be taken out by anyone aged between 45 and 74 years of age and is usually more expensive than term cover.

The types of whole of life insurance available in the UK include:

  • Non-profit whole of life insurance/standard cover/balanced cover – your premiums stay the same for the full length of your policy. When you die the final payout is a fixed cash amount that is agreed with your life insurance provider when you take out the policy.
  • With-profits whole of life insurance - the money from your premiums is invested by your insurance provider to cover the eventual payout. If their investments do well, it adds to the value of your whole of life policy. If the investments don’t perform, your premiums could increase.
  • Unit-linked whole of life insurance – you choose the unit-linked investment funds you want to put your investments into. Your monthly payments are based on how much you want the whole of life insurance policy to pay out, so extra payments may be required if the investments underperform.

Whatever type of whole of life insurance policy best suits your family situation FRisk can provide a free, no-obligation introduction to expert insurance providers that you can place your trust in.

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Secure Your Family’s Future with FRisk

It will be a difficult time for your family when you die even when you’ve planned for the future by taking out Life Insurance. But you can make the transition easier for your loved ones by using FRisk. Created by legal and financial experts Martin Holdsworth and Sandro Forte, our free, quick, and personalised FRisk Report generates a Family Risk Score that allows you to plan effectively and efficiently for the future of your loved ones.

Protect your family with FRisk by:

  • Saving thousands of pounds and avoiding up to 40% on inheritance tax
  • Preventing future family inheritance disputes with the right will when 60% of adults in the UK die without a will and 1 in 3 people rely financially on their inheritance
  • Creating a lasting power of attorney to ensure your medical care and financial assets are managed by people you trust if you’re mentally incapacitated
  • Planning now for future funeral costs with the expense of dying already over £5,000
  • Protecting the guardianship of your children and ensuring continued access to your digital assets
  • Searching, comparing, and accessing FRisk-recommended financial, legal, and funeral experts to assure your family’s future

Provide peace of mind for you and for those you leave behind when you plan for their future with FRisk.

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