Get tailored life insurance quotes for as little as £4* a month.
- Compare tailored quotes from leading UK insurers
- Free Life Insurance consultation - it's on us
- Free Will writing service with each policy
*Based on £100,000 worth of level term cover for a 30 year-old non-smoker with no pre-existing medical conditions over a 20-year period (October 2023).
Our Services
Types of Life Insurance
Term Life Insurance
Insurance for a predetermined period or defined 'term' of years.
Income Protection Insurance
Regular income, even when you are not working.
Over 50s Cover
Guaranteed lifelong protection without any medical checks.
Critical Illness Cover
Tax-free lump sum for you and your loved ones in times of need.
Private Medical Insurance
With shorter waiting times and quicker diagnosis.
Whole Of Life Insurance
Guarantee your loved ones' financial stability.
Providers
Compare quotes from 50+ major UK Insurers.
What is Life Insurance?
Why Compare Life Insurance with Monefi?
We value your time,
efforts and money
Leave the research to us, our insurance experts don’t just tailor the policy to your individual circumstances but also help you to avoid overpaying for your policy.
Finding the right cover, simplified
Get personalised quotes within minutes. Once you click on “get a quote”, we ask you some basic questions around your situation. Our cloud based technology then indicates the most appropriate quotes.
Free consultation with every application
Doubts are normal; after all, you’re on a journey to protect your loved ones’ future. Click on “book a call” for a free consultation with Monefi’s insurance experts and get the advice you need.
How does Life Insurance Work?
Life insurance offers either a one-time lump sum or a series of regular payments, offering vital financial support to your loved ones when they need it most. It also covers income replacement, debt repayment, and estate planning. The pay out amount is determined by the coverage you choose.
Your Circumstances
We get to know you and your individual circumstances to understand exactly which type of cover you need.
Coverage
We then discuss with you if you’d like the policy to be for a specific amount of time or your entire lifetime.
Beneficiaries
Choose one or more beneficiaries when you purchase the policy. These are the individuals that will receive the lump sum amount.
Premiums
You maintain the policy’s benefit by paying your premiums on a regular basis, typically each month of the term.
Passing Away
In the event of passing away during the policy’s term,
the insurance company pays out a tax-free lump sum to your family/beneficiaries.
Your Circumstances
We get to know you and your individual circumstances to understand exactly which type of cover you need.
Coverage
We then discuss with you if you’d like the policy to be for a specific amount of time or your entire lifetime.
Beneficiaries
Choose one or more beneficiaries when you purchase the policy. These are the individuals that will receive the lump sum amount.
Premiums
You maintain the policy’s benefit by paying your premiums on a regular basis, typically each month of the term.
Passing Away
In the event of passing away during the policy’s term,
the insurance company pays out a tax-free lump sum to your family/beneficiaries.
Benefits of Life Insurance:
Financial Protection
Monefi specialises in safeguarding financial stability for your loved ones. In the event of your death, our aim is to ensure your family can maintain their quality of life with a reliable financial cushion by their side.
Covers Funeral Costs
We understand that unexpected funeral expenses can be burdensome. Hence our insurance experts ensure that your insurance covers these costs, easing your family's emotional and financial strain.
Inheritance Tax
You can use a Whole of life insurance policy to cover inheritance tax upon your death. Inheritance tax is typically due before your estate is distributed. To mitigate this ask your adviser about estate planning.
Getting Married
Marriage often brings added financial responsibilities. Monefi's policiy makes inclusions towards securing your spouse's future too.
Managing Unexpected Costs
Life can be full of surprises, and that's why our insurance policies can be your reliable safety net for unexpected financial hurdles.
Maintain a standard of living
Instead of leaving your family alone during difficult times, Life Insurance replaces your income, settles debts, funds education, and covers end-of-life expenses.
How much cover do I need?
A useful guideline is to calculate the monthly expenses that would impact your family in case of your passing and then multiply this amount by a reasonable number of years. For instance, parents of young children may consider multiplying it by 15 years or more. It depends on your circumstances, such as dependents, their needs, and available income sources.
At Monefi, we empower you to make an informed choice in picking the most suitable policy for your situation and to avoid overpaying. Book your free consultation call with our insurance expert and seek guidance on your individual situation. We then assess your financial obligations, and create a customised policy that meets your family’s unique needs.Types of Life insurance: Which one is for you?
Level Term:
Imagine it like having a steady anchor – with level term life insurance, your payout remains consistant throughout the entire policy. No matter when you pass away during the policy, your loved ones get the full amount.
Advantages:
- Your premiums are fixed, so you can budget this once and for all.
- You will always know the exact amount your policy will payout.
Disadvantages:
- Could be subject to Inheritance Tax.
- Doesn't account for inflation changes.
Decreasing Term:
Just as the name suggests – decreasing term life insurance sees the payout gradually reducing over time. These policies are commonly chosen to cover loans or mortgages, as those commitments also decrease over time.
Advantages:
- Usually more affordable than other policies.
- Best recommended for mortgages or debts.
Disadvantages:
- Your payout reduces as time passes.
- Little to no payout remains by the time you have paid your debt.
Am I eligible for Life Insurance?
Experts say:
Remember that the key is to strike a balance between affordability and adequate coverage. Don't sacrifice necessary coverage to save money, as the primary purpose of a life cover is to provide financial security for your loved ones in case of your passing.
How to get cheap life insurance?
The earlier, the better
Getting a policy at a younger age can result in lower premiums because you’re generally considered lower risk.
Stay healthy
Maintain a healthy lifestyle. Non-smokers and individuals with a good health history often receive lower premiums.
Bundle policies
Gain discounts if you bundle life cover with other types of insurance, like critical illness cover, income protection etc.
Policy type
Understand your needs and go for what suits your needs. Term life insurance is generally more affordable than permanent life insurance.
Annual premiums
Opt for annual premium payments instead of monthly. There is a higher probability of you receiving more offers on an annual basis.
The earlier, the better
Getting a policy at a younger age can result in lower premiums because you’re generally considered lower risk.
Stay healthy
Maintain a healthy lifestyle. Non-smokers and individuals with a good health history often receive lower premiums.
Bundle policies
Gain discounts if you bundle life cover with other types of insurance, like critical illness cover, income protection etc.
Policy type
Understand your needs and go for what suits your needs. Term life insurance is generally more affordable than permanent life insurance.
Annual premiums
Opt for annual premium payments instead of monthly. There is a higher probability of you receiving more offers on an annual basis.
The lady who I spoke to was brilliant. She was lovely and pleasant whilst being professional and fully informative. She was not pushy at all. She certainly had the right attitude and was engaging. If everyone was like her it would be perfect.
Christine Notley
This was the easiest transaction I’ve had in a long time, the customer service was amazing and very helpful and nice to talk with, would highly recommend the company to friends family etc, fantastic customer service. 5 stars from me.
Zoe Mary Hall
Mr Gower was very professional and found the right cover for me. He was polite and engaged in conversation, explained everything easily.
Callum Dobson
Frequently Asked Questions
Yes, you can generally cancel your life insurance policy at any time in the UK. During the 30-day cooling-off period after purchase, you can cancel without penalties. After this period, the process and consequences may vary based on the policy type. Hence we recommend that it’s important to review your specific policy terms. A consultation call with our insurance expert should help clarify any doubts. Book a free consultation today.
In the UK, there is no set limit on the number of life insurance policies you can have. You can have multiple policies for multiple covers, but it’s important to ensure the total coverage meets your needs and isn’t excessive. It’s best to speak to our insurance advisers and gain clarity.
While there’s no legal requirement for life insurance in the UK, most individuals choose to have it. This decision often revolves around safeguarding assets and ensuring the financial well-being of their families. It encompasses covering outstanding debts and providing financial security in case of critical illnesses.
If you outlive a term life policy, it expires without a pay out. Whole Of Life cover insurance continues with premiums and often has a cash value. Monefi can help you review policy terms and options with your insurer to suit your needs.
Yes, you can generally cancel your life insurance policy at any time in the UK. During the 30-day cooling-off period after purchase, you can cancel without penalties. After this period, the process and consequences may vary based on the policy type. Hence we recommend that it’s important to review your specific policy terms. A consultation call with our insurance expert should help clarify any doubts. Book a free consultation today.
In the UK, there is no set limit on the number of life insurance policies you can have. You can have multiple policies for multiple covers, but it’s important to ensure the total coverage meets your needs and isn’t excessive. It’s best to speak to our insurance advisers and gain clarity.
While there’s no legal requirement for life insurance in the UK, most individuals choose to have it. This decision often revolves around safeguarding assets and ensuring the financial well-being of their families. It encompasses covering outstanding debts and providing financial security in case of critical illnesses.
If you outlive a term life policy, it expires without a pay out. Whole Of Life cover insurance continues with premiums and often has a cash value. Monefi can help you review policy terms and options with your insurer to suit your needs.
