Life insurance

Choose Howden Life & Health for your Life Insurance

Life Insurance allows you to make sure your family or dependants are financially protected in the event of your death. Policies leave your loved ones with a lump sum or monthly payments over a specified period. Immediate financial commitments (mortgages & loan debts) as well as those in the future (university fees) are then covered and you relieve them of financial worry.

What are the main types of Life Insurance cover?

There are many different types of life insurance available. Here are some of the most common:

• Level term life insurance pays out as a lump sum to your beneficiaries when you die and the amount of cover stays the same throughout the policy term. This money could then be used to help the family pay for regular bills, any debts and to allow them to continue their normal way of life.
• Decreasing term life insurance will also pay out a lump sum to your beneficiaries when you die, however, the level of cover will reduce in line with payments on a mortgage. It is usually cheaper than level term life insurance because the level of cover reduces over time and should only be taken to protect a mortgage.
• Whole of life insurance covers you for the whole of your life and will pay out a lump sum when you die, as long as you have kept up to date with your monthly premiums. It can be used to help leave money behind for funeral costs or to offset the cost of inheritance tax.
• Joint life insurance is where two people are covered on the policy, usually a couple. If one of the policyholders were to die, the pay-out would be made and then the cover on the remaining policyholder would stop. This type of cover can be taken out on both a decreasing or a level basis.
• Over 50's life insurance is a type of whole of life insurance and usually offers smaller levels of cover as it is mainly taken out to protect funeral costs or to leave a small amount of money behind to family. As long as you are between the ages of 50-80, you can apply for cover without answering any medical questions and is very popular for this reason. It is important to know that if you live for a long time, you may pay more in premiums than your cover amount.

How much does Life Insurance cost?

Income Protection

Choose Howden Life & Health for your Income Protection

Life Insurance allows you to make sure your family or dependants are financially protected in the event of your death. Policies leave your loved ones with a lump sum or monthly payments over a specified period. Immediate financial commitments (mortgages & loan debts) as well as those in the future (university fees) are then covered and you relieve them of financial worry.

What are the different types of income protection?

There are many different types of life insurance available. Here are some of the most common:

• Accident, Sickness and Unemployment Insurance: Other words that are used to describe this type of policy include mortgage payment insurance, payment protection insurance and short term-income protection. This type of policy is usually brought to cover something specific e.g. a mortgage.
• Long Term Income Protection: Long term income protection will provide you with a steady and regular income until you are fit for work, or until the policy term ends. When thinking about income protection (IP) it's always best to get advice and understand the options available to you.
• Long term or short term? When deciding and comparing income protection cover, you’ll need to choose between long term income protection and short term income insurance.

Secure your policy in 4 simple steps

There are simply four steps to set up unemployment cover or income protection insurance online:

Health insurance

Choose Howden Life & Health for Health Insurance

Health insurance is designed to cover the cost of private medical treatment. It will normally cover you for ‘acute conditions’, such as a hip replacement or having a hernia removed.

You can purchase different types of policies that offer different levels of cover, at different costs. This could include fast-track diagnostics for cancer or access to different cancer treatments not currently available on the NHS.

What are the main types of private medical insurance?

There is a lot of different types of health insurance available to choose from, they include:

• Individual health insurance - Allows you to bypass NHS waiting times and receive treatment quickly If you become ill or injured.
• DFamily health insuranc - Gives cover for any family members including your policy, making sure that treatment is received quickly should you require it.
• Child health insurance - Provides cover for your children giving peace of mind that their health care is protected.
• Joint health insurance - Offers health insurance for you and your partner, so you are assured treatment will be received promptly and at a choice of hospitals.

Health Insurance is there to cover non-routine tests and treatment

Over 50s life insurance

Choose Howden Life & Health for your over 50s life insurance

If you’d like to leave your loved ones an additional cash lump sum when you pass away, we can help deliver an over 50s life insurance policy, with premiums starting at just £10 a month.

What are the main types of Life Insurance cover?

• Guaranteed acceptance
• No medical disclosures required
• A cash lump sum for your family
• Premiums start at £10 a month
• Premiums can remain the same
• Available to any UK resident aged 50-80

Is over 50s life insurance right for you?

Because over 50s life insurance doesn’t ask for a medical disclosure, and medical conditions don’t impact the payout at the end of the policy, it can be a great option if you have existing health concerns.

If you are over 50 and are in excellent health, you may get better value from a Whole of Life Policy.

Again, though, our expert, friendly team can help talk you through finding the best option to help you get the most from your policy.