How much Life Insurance do I need? Life Insurance
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Pick from some of the best providers in your area. With easy access to reviews and direct contact with Life Insurance Experts, you can be confident with your choice.
East Midlands
East of England
North East England
North West England
Northern Ireland
Scotland
Aberdeen City
Aberdeenshire
Angus
Argyll and Bute
Clackmannanshire
Dumfries and Galloway
Dundee City
East Ayrshire
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East Lothian
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Edinburgh
Falkirk
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Glasgow City
Highland
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Na h-Eileanan Siar
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Stirling
West Dunbartonshire
West Lothian
South East England
South West England
Wales
Blaenau Gwent
Bridgend County
Caerphilly County
Cardiff
Carmarthenshire
Ceredigion
City and County of Swansea
Conwy County Borough
Denbighshire
Flintshire
Gwynedd
Isle of Anglesey
Merthyr Tydfil County Borough
Monmouthshire
Neath Port Talbot
Newport
Pembrokeshire
Powys
Rhondda Cynon Taf
Torfaen
Vale of Glamorgan
Wrexham
West Midlands
Yorkshire and the Humber
Life insurance can provide vital protection to your loved ones when you're no longer around, but knowing how much you need isn't always easy. Read our guide to help you decide.
Bright Life provides expert Financial Advice and solutions for Mortgages, Equity Release and Protection. Offering a place where customers can rely on their specialist to help make complex financial decisions as easy as possible. We take pride in listening your needs and recommending suitable solutions that best fit you. We don’t push or persuade. Simply, we deliver the facts and information you need to make the decision. We offer a UK wide telephone service, providing Covid secure, fast, and effective communication. We always provide honest, expert advice to help you live your brightest life.
Completion day! The day all the hard work, calls, chasing, paperwork and all the work we dedicate to every one of our customers pays off and our customer can take their first step of the rest of their journey.
My customers always loved my service. It is what separated me from the other advisors. I didn’t just “do the job”, I went above and beyond and listened to the feedback from my clients. However, the help I could offer was limited by the targets and objectives laid out by management.
Starting my own company enabled me to do it my way; providing an uncompromising service aided by the latest technological advancements to get my customers the right deals and advice.
For us, it is not just about getting the best deals; it’s about how we get there too. We are not going to waste your time going through unnecessary questions and scenarios. We will give you comprehensive analysis of your needs and provide you with the best options to move forward. Our advice is free and without obligation.
We have the deals, experience and ability to get you the deals you want, as easy and fast as possible. Why would you not choose us?
How does Life Insurance work?
Life insurance takes into account your current age and health status, alongside what you want to be covered for and for how long. When your insurer receives all of this information, they can then calculate how much your monthly premiums would be so that you get your desired level of payout should your family ever need to claim. Alternatively, how much the guaranteed payout would be at the end of your life if choosing whole life insurance.
Do I need Life Insurance?
There’s no legal requirement to have life insurance. Though, some mortgage providers may refuse your application if you don’t have life insurance in place. You also need to consider the implications of not protecting your family financially, should they lose your income while still dependent on you.
If you also have no dependents and nobody you’d like to leave a lump sum to, then life insurance might not be right for you. As always, you should seek independent financial advice, seen as no two personal circumstances are the same.
How much Life Insurance do I need?
To calculate how much life insurance you need, you will need to write down everything you want it to pay for. This may include your remaining mortgage, as well as ongoing expenses for your children or grandchildren.
All life insurance providers will suggest a figure based on the information you provide, so you’ll always be sure the payout is going to be enough.
Do you need Life Insurance for a mortgage?
Life insurance isn’t a strict requirement for those who have a mortgage but is strongly recommended. A mortgage is one of the biggest expenses anyone will face in their lifetime. If yours isn’t yet paid off, then your death could seriously impact your spouse or children’s ability to be able to make the payments.
Given mortgage only life insurance is one of the cheapest life insurance types there is, it couldn’t be easier to eliminate the possibility of your home being repossessed if you were to die before your mortgage was paid.
How do I find the right Life Insurance provider?
Take your time to do your research, and don’t assume the cheapest policy or incentives means you are getting the best deal. Luckily, you can find life insurance experts right here on Bark who will guide you every step of the way, so that your family is protected financially should the worst happen.
4.98/5.00
based on 3,884 reviews
The average rating for Bark Life Insurance Experts is 4.98, based on 3,884 reviews.
