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LifeSearch’s mission is ‘To protect the UK, properly’. They have been working to that objective since 1998, establishing itself as the leading independent protection advice specialist in the UK.

Over that time, they have protected over 1.9 million individuals, won more than 105 industry awards and have maintained an ‘Excellent’ Trustpilot rating from its protected families.

Life insurance protects your loved ones with a lump sum payout, ensuring that they don’t suffer financially if you’re not around anymore. A policy is usually bought to cover the period (or term) that your family most need help i.e. during a mortgage term, or when your children are financially dependent on you.

Life insurance covers common causes of death such as illness, disease, cancer, heart attacks or accidents. Depending on your cover, it may also cover a terminal illness diagnosis and suicide. Common exclusions are pre-agreed medical conditions, chronic illnesses, disabilities, drug and alcohol abuse and high-risk activities.

It all depends on a few things; your health, your age, your smoker status, the amount of cover you’re after and maybe even your hobbies. 

This is designed to pay out a tax-free lump sum if you’re diagnosed with one of the illnesses listed on the policy. While it’s not a type of life insurance as you don’t need to die to make a claim, you may choose to use the payout to pay off some or all of your mortgage if you become seriously ill.

Mortgage life insurance usually refers to a type of life insurance called decreasing cover life insurance. This means the amount you’re covered for reduces in line with the mortgage balance on your repayment mortgage.