Is life insurance worth it uk
TL;DR
Life insurance is often worth it if someone depends on your income or you have a mortgage. A relatively small monthly premium can create a lump sum that protects your family if you die. If you have no dependants and no debts, you may need less or none at all.
Life insurance is often worth it if someone depends on your income or you have a mortgage. A relatively small monthly premium can create a lump sum that protects your family if you die. If you have no dependants and no debts, you may need less or none at all.
Key Points
- Life insurance pays a tax-free lump sum to your beneficiaries
- Term life insurance covers you for a set period (e.g. 25 years)
- Whole of life insurance covers you for your entire life
- Decreasing term is commonly used for mortgage protection
Who Is This For?
Life insurance is particularly important if you have a mortgage, dependants, or anyone who relies on your income. If your death would cause financial hardship for others, life insurance provides essential protection.
Next Steps
Our FCA-regulated advisers can help you find the right life insurance policy for your circumstances. We compare the whole market to find cover that fits your budget and protects your family.
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Content reviewed: January 2026