Get Peace of Mind with a £500,000 Life Insurance Policy
Why choose
The Insurance Surgery
- Voted Best life and protection broker 2022
- Rated 5* on Trustpilot and Feefo
- Access to high street and independent insurers
- 20 years’ experience & price match promise
Putting a £500k cost on your life
Life insurance is a must-have investment that everyone should think about. It promises to offer financial protection for your family if something were to happen to you.
Here in the UK, no one likes to think about dying.
In fact, we’re notorious for avoiding those tricky conversations.
But no one is immortal. Taking proactive steps to support your loved ones is one of the most important steps you can ever take.
But how much life insurance cover do you need? If you’re looking for a £500,000 life insurance policy, the prices could vary hugely depending on your chosen provider. But your monthly premiums could reduce hugely if you take out a policy at a younger age, are a non-smoker, or have no complex medical conditions.
As the UK’s ‘leading life insurance broker’, we have access to specialist products that you may not be able to find through other brokers or comparison sites. We have strong relationships with large high-street names as well as independent insurance companies, and with our price promise, we can guarantee that you’ll never pay a penny more than you need to.
Why choose our life insurance policies?
You might be looking for a life insurance plan for many reasons.
The good news is that we’ve heard them all.
We love getting the chance to talk to you directly on the phone and hearing your reasons for taking out life insurance. It reminds us that behind every policy is a family looking for financial security. That motivates and drives us to check that we’ve found the right policy for you.
Here at The Insurance Surgery, we always go the extra mile to check that you have the proper protection in place. We’ll talk to you and figure out how much cover you need, chat about how you want your policy to pay out and explain everything you need to know about how life insurance plans work.
With our help, you can benefit from:
- Financial security: If you die, your beneficiaries will get a lump sum of £500,000. This will give them the money they need to pay bills and keep their quality of life.
- Flexible payments: We know that everyone’s finances are different. You can choose from various premiums that fit your budget and still give you full coverage.
- Peace of Mind: You can sleep well knowing that your family’s future is safe. Our policy can help pay for things like a mortgage, a child’s education, and everyday costs.
- No Need for a Medical Exam: We care about your time and comfort. Many people can get the cover they need without a medical exam. We do whatever it takes to get you set up quickly and easily.
- Made just for you: Our experienced advisors will work with you closely to create a policy that fits your needs and long-term goals. We can help you determine if you need a 500 thousand life insurance plan or if something smaller might be more suitable.
Is a £500,000 life insurance premium worth it?
No one wants to put a value on your life. But £500k life insurance cover will go an awful long way to ensuring your loved ones have financial stability. They can use the payout to pay off the mortgage, maintain their living costs, and pay for education – the possibilities are endless.
The good news is that with a £500k life policy, you’re almost certain to have a payout that’s bigger than the amount you pay in. That’s because there are many different types of insurance plans – and your choice could impact how much your monthly premiums cost.
But don’t worry.
We don’t expect you to know the difference between a whole-life and a term life insurance policy.
That’s our job.
When we talk to you about your life insurance options, we’ll chat through the pros and cons of each type of policy and give you all the information you need to decide which is right for you.
When you’re happier with what you’re looking for, we’ll match you to the ideal life insurance provider, giving you the most value for your 500 thousand life insurance plan.
Which type of insurance plan is best for £500k life cover?
There are two types of insurance options.
Term insurance offers protection for a set amount of time. Most term life insurance plans last between 25-40 years. As long as you continue to pay your premiums over the length of the term, you will receive a £500,000 payout if you pass away during your chosen timeframe. If you outlive the policy term, you will receive nothing.
A whole-of-life policy is precisely that. It will remain in place, offering guaranteed protection when you pass away.
You may find that your monthly premiums differ depending on your policy type.
There are no right or wrong options when it comes to life insurance.
What works for one person may not be suitable for another.
With the help of our experienced life insurance brokers, we can talk through each policy plan and explain how your life cover could work. We’ll always take the time to answer any question and explain each policy’s terms and conditions.
This attention to detail guarantees you know exactly what plan you are buying and how it protects your loved ones.
Making sure you have the right amount of cover
A 500 thousand life insurance plan offers a lot of financial protection for your family.
There’s a lot your family could do with that amount of cash. They could pay off the mortgage or go to university without worrying about debts. They could travel the world. Or they could simply use that money to help them pay for day-to-day living expenses.
You might think you need to take out a £500,000 life cover policy to guarantee their financial security, but there might be ways to reduce your life insurance costs.
When you talk to one of our team, we’ll ask you a few questions to check if 500k life insurance cover is the right amount for your needs.
- Your age
- Marital status
- Monthly and annual salary
- Dependent living expenses (e.g. school fees, university tuition, hobbies)
- Any other assets with a financial value
- Mortgage repayments / rental payments
- Savings / Investments
- Any other outgoings (e.g. car repayments, debts or loans)
When we have all of this information, we can work out the cost of your incomings vs outgoings. It will help to check how much cover you need.
You might find that 500 thousand life cover is more than enough – or you might find that you need much less (or much more) to make sure that your family remain financially secure.
If this sounds a bit complicated, please don’t worry. We’re used to working through the figures, and we’ll chat it through with you to double-check that you’re not over-insuring or underinsuring yourself.
Life insurance quotes tailored to you
If you are married or in a long-term relationship and you rely on both incomes to pay the bills or have children, we strongly recommend taking out a life insurance policy.
We only offer life insurance quotes on the phone and not through an online life insurance quote because we take the time to get to know you.
You might be surprised to realise that you already have some financial protection in place.
You don’t want to be over-insured, nor do you want to duplicate the protection that you already have.
For example, if your employer offers a death-in-service benefit, you might not need to take out a £500,000 life insurance policy. During our chats, we’ll figure out how much your death-in-service benefit could be worth and then find a life insurance plan that makes up the difference. This could dramatically reduce your monthly premiums while retaining that same sense of financial security.
Sounds easy, doesn’t it?
Why not pre-book a call with one of our experienced life insurance advisors to find out how we can find you a suitable plan?
Cheap life insurance premiums with maximum protection
As well as looking at what other financial security you have in place, there are a few ways that we can lower your life insurance costs.
No one should ever pay more than they need to.
But skimping on costs doesn’t mean skimping on protection.
Quite the opposite.
Life insurance is all about risk. The lower your risk levels, the cheaper your premiums.
There are a few ways that you can reduce your life insurance premiums.
- Don’t put it off. The younger you are when taking out a policy, the cheaper your life insurance premiums will be.
- Quit smoking/vaping. Being a non-smoker can be just as good for your financial health as your physical health.
- Take active steps to improve your health. Some insurers may offer incentives for those who are proactively looking after their own health.
Of course, we know that not everyone is in control of their own health.
A complicated medical history shouldn’t exclude you from taking out a life insurance policy. In fact, if you’ve experienced sickness or ill health, you’ll be more likely to seek protection for your loved ones.
The good news is that we can secure 500 thousand life insurance cover for people with complex medical conditions.
That’s because we have great relationships with insurers who trust our recommendations.
It’s a circle of trust.
- You trust us to find you a suitable policy.
- Our insurers trust us that we will always get to know the details of your medical background to give them enough information.
- We trust that the insurer will give you the protection you deserve and will act in your best interests.
If you’ve previously been declined for life insurance, please do not panic.
It simply means you’ve not found the right match.
With our network of contacts, we’re confident that we can find you a £500k life cover policy. In fact, 70% of people who have been declined for life insurance elsewhere are accepted by us.
We’ll ask you a few questions about your health history. If you can tell us about your condition, any previous treatment and your expected prognosis, we can send that information to the insurance underwriter and match you to an insurer.
Our customers love us.
Would recommend using this service
Tom has been incredibly helpful throughout the whole process of getting my life insurance set up. Very knowledgeable and absolutely ‘on it’ to get me the best product out there.
Mat Wise
First Class Experience
Service was first class, Simon kept me informed at every step in the process.I would have no hesitation in dealing with him again.
Duncan Fordyce
Great, Quick Service
Dealt with Karl who could not have been more helpful. Made the whole process of getting life insurance far easier than other providers I had approached.
Shelley Jenkins
Fantastic!
Approved immediately. Process was so fast and a lot cheaper than I thought. Highly recommended.
Nicola Storr
Useful Links
If you have any further questions about anything to do with Life Insurance and protection for your family, please feel free to contact our team of expert Life Insurance advisors.
Click the links below to find out more: