Question 1

Is getting a quote really free?

Accepted Answer

Yes — completely free, with no obligation to buy. We're paid by the insurer when someone chooses a policy, so quotes cost you nothing.

Question 2

Do I need a medical exam?

Accepted Answer

Most UK life insurance policies rely on a short health questionnaire, not a medical exam. For higher levels of cover an insurer may request a GP report or a nurse visit.

Question 3

How much cover do I need?

Accepted Answer

A common starting point is around 10 times your annual income, plus any outstanding mortgage. We can talk you through what makes sense for your situation.

Question 4

Is the payout taxable in the UK?

Accepted Answer

Life insurance payouts are usually paid free of income tax and capital gains tax. However, if the policy isn't written in trust it may form part of your estate and be subject to inheritance tax.

Question 5

What's the difference between term and whole of life?

Accepted Answer

Term life insurance covers you for a set period (for example 20 years) and pays out only if you die within that term. Whole of life cover lasts for your lifetime and pays out whenever you pass away.

Question 6

Can I cancel my policy?

Accepted Answer

Yes. Under FCA rules you have a 30-day cooling-off period from the start of the policy. After that you can cancel at any time, though you won't usually get past premiums back.

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