CoverLife

About CoverLife

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CoverLife arranges personal protection insurance for families, homeowners and self employed people. We are based near Romsey in Hampshire and work with clients across the UK.

CoverLife is a trading name of CoverTrade Risk Management Ltd, which is authorised and regulated by the Financial Conduct Authority under firm reference number 1020148.

Life insurance.

Life insurance pays out if you die during the term of the policy. Most people arrange it to clear a mortgage, or to leave enough behind that the people who depend on them are not forced to sell up or change how they live.

Level term, decreasing term and family income benefit all behave differently, and the right one depends on what the money is meant to do. Cover can also be written in trust so that it pays out without waiting for probate.

Critical illness cover.

Critical illness cover pays a lump sum if you are diagnosed with one of the conditions listed in the policy and you survive the qualifying period. It is meant to take the financial pressure off while you are treated and recovering.

The list of conditions and the wording used to define them varies a lot between insurers, and that wording is what decides whether a claim is paid. It is the part worth reading before the premium.

Income protection.

Income protection replaces part of your income if illness or injury stops you working, and keeps paying until you go back to work, the policy ends, or you reach the end of its benefit period.

It matters most if you are self employed, or if statutory sick pay is all your employer offers. Two settings do most of the work on price: how long you wait before the policy starts paying, and how long it keeps paying once it does.

How we work.

We are an intermediary rather than an insurer, so we arrange cover with insurers rather than underwriting it ourselves.

We take your details once, compare cover from a range of insurers, and explain the differences that actually decide a claim rather than just the monthly price. Existing medical conditions and jobs treated as higher risk are worth talking through rather than guessing at online.

Office hours are Monday to Friday, 09:00 to 17:30.