What is life insurance?

Life insurance is designed to protect your loved ones financially if the worst happens to you. They'll receive a cash sum if you die or you're diagnosed with a terminal illness during the cover term.

Depending on the cover you've chosen, this money could pay off your mortgage or even provide for your family's future by paying for things like school and university fees or weddings.

You can choose level or decreasing cover. Level cover means the cash sum paid out will stay the same throughout the term. Decreasing cover means the cash sum will get smaller, normally in line with the outstanding amount on your repayment mortgage.

In addition to the basic benefits of life insurance, cover provided by Friends Life offers you the flexibility to change your cover as your life changes.