We're all used to insuring our homes, our cars, our pets and even our mobile phones, but imagine how your family would cope financially without you?
If you live in the UK and are aged 18 to 64, Sorted Life Insurance is here to help protect your family’s financial future if you're no longer around to provide for them.
With Sorted Life Cover, your family can get a cash sum of £60,000 to £750,000 (depending on your age). This can help to pay for rent, household bills, childcare and any other the expenses that they could face to keep the family going. There's even an advance pay-out of your cash sum if you were diagnosed with a terminal illness. There are no GP visits or medicals, just some health and lifestyle questions.
Go on, get it Sorted, receive a life assurance quote today.
*For a 30yr old, non-smoker on an individual age-based policy. Premiums depend on personal circumstances and increase annually based on age and cash sum. Ts & Cs apply.
Sorted Life Insurance can give your family financial security if you were to pass away. The cash sum can be used in any way that your family chooses; to pay the mortgage or rent, the household bills, the car, the school trips… all the expenses that they could face.
If you live in the UK and are aged 18 to 64, you can apply for immediate cover of between £60,000 and £750,000 depending on your age.
There’s also an advance pay-out of your total cash sum if you were to be diagnosed with a terminal illness with 12 months or less to live; even if you were to go into remission, the cash sum would be yours to keep.
Check the maximum amount you can apply for below:
We know that people have different needs, so that's why we offer two Policy types to choose from; age based premium or level premium. Both Policy types are flexible so you can apply to make changes as your circumstances change - without any admin fees.
For example, you could increase your cash sum if you move to a larger home, or decrease it if you decide it's time to downsize. Maybe your financial situation changes and you want even more peace of mind by adding Critical Illness cover, Children's cover, or increasing your Accidental Death cover.
Age based – how does it work?
With an age based Policy, your premium is based on your age. The premium is recalculated each year at your Policy anniversary; gradually increasing in line with your age. With an age based Policy, your monthly premium will start lower compared to its equivalent on a level Policy type, so this may appeal to you if you’re on a tight budget during the early years of holding the Policy. Plus, with an aged based Policy, you can keep it for the rest of your life (whole of life) rather than deciding on a fixed term.
Automatic cash sum increases: the age based Policy also features a 5% automatic annual increase to your chosen cash sum for your Life Insurance and any optional covers you have. This increase is automatic so you don’t have to answer any more health and lifestyle questions. It’s added to your Policy on your policy anniversary each year, for 10 consecutive years from the Policy start date.
Example: If you have chosen a £100,000 cash sum at the start of the Policy, the next year you will be covered for £105,000. At the end of 10 years, as long as you don’t opt out of the increase, your cash sum would be £150,000.
The cash sum increase is a great way of increasing your cash sum gradually over the years, for example, as your family or mortgage grows. You can opt out of the 5% increase if you prefer, so your cash sum will stay the same. If you change your mind, you can always opt back into it during the first 10 years of holding your Policy; whatever suits you best.
Level – how does it work?
The level Policy may appeal to you if you want certainty, knowing that your increasing age won’t affect your monthly premium – it will stay the same each month. With the level Policy, you have the choice of a fixed term from 10 to 40 years. Once you have been covered for the length of the term you choose, your Policy will end.
The 5% automatic cash sum increase is not available on a level Policy, so your chosen cash sum will stay the same. It’s important to note that as your chosen cash sum will not increase, it may not keep up with inflation.
Depending on your situation, you may want more protection than Life Insurance on its own.
For a small additional premium, there are 3 optional covers that you can include with your Sorted Life Insurance, for even more peace of mind.
Children’s cover provides a cash sum of £10,000 to £30,000 for each dependent child of the Policy holder or their partner (if it’s a Joint Policy). It’s to help cover extra costs for things like medical expenses if your child suffers any of the following serious injuries or illnesses; paralysis, blindness, deafness, loss of hands or feet, encephalitis, bacterial meningitis or traumatic head injury. The cash sum is also paid in the event of accidental death.
Critical Illness cover
We’re more likely to suffer a critical illness than to die before the age of 60. Sorted Critical Illness cover provides a cash sum in the event of one of the following serious illnesses during your policy; malignant cancer, stroke, heart attack or coronary artery bypass surgery.
The minimum cash sum benefit is £30,000 and the maximum is 50% of your Sorted Life Insurance cash sum benefit.
Accidental Death cover
Accidental Death cover offers protection from the risk of accidents. If you die in an accident, your loved ones may receive up to £650,000, depending on your age, which will be paid as well as your Sorted Life Insurance cash sum.
Download the Sorted Life Insurance Key Facts and Terms & Conditions document for more information on inclusions and limitations to each optional cover above. Our optional covers can only be taken as part of the Sorted Life Insurance Policy and not individually.
Receive a Will Pack with your Policy
When you take out a Sorted Insurance Policy, you will automatically receive a Will Pack from us for added peace of mind.
A will is a legal document that transfers assets following a death. It is essential if you want to make sure that your assets/estate, including your life insurance is handled as you wish and given to the right people.
Why is a will essential?
Please note that if your financial or family situation is complicated, you should run your will past a legal or tax professional to ensure that you have filled in correctly
A few other things to consider before and after filling in your will:
The Sorted Life Insurance Key Facts and Terms & Conditions document contains important information about the Life Insurance and the optional covers that you can add to your Policy.
It includes features, benefits, exclusions and limitations.
It’s very important that you read the Sorted Life Insurance Key Facts and Terms & Conditions document so that you have all the information you need to make an informed decision.
Things to think about