Compare leading life insurance providers

- Compare the whole market
- Cheaper than buying direct
- Optional critical illness cover
Coronavirus has hit many aspects of our lives but one that’s easily overlooked – despite being very important – is the impact on life insurance. Here’s what you need to know.
If you have life insurance, and you’re one of the unfortunate people who die as a result of COVID-19, your policy should pay out.
The Association of British Insurers (ABI) confirms that, in the event of a coronavirus-related death, “it would be handled like any other life insurance claim and would be paid subject to the usual policy terms and conditions”.
Talk to a fee-free life insurance adviser from our partner ActiveQuote. Call free (mobile or landline).
Complete our form to get a personalised life insurance quote to suit your particular needs.
Get instant quotesCompare online quotes from a range of leading over-50s life insurance providers.
Get instant quotesNo, you can still take out life insurance, and you should be covered against coronavirus. But be aware that many insurers will ask now coronavirus-related questions as part of their application process – for example, whether you’ve tested positive for COVID-19, if you’re currently in self-isolation, or if you’ve been in direct contact with anyone who has been diagnosed or suspected of having coronavirus.
If you answer yes to any of these questions the insurer may delay your application until you have recovered. You may also need to provide them with medical evidence if you’re currently testing positive for coronavirus.
If you’re classed as being high-risk because of a medical condition – for example, if you have diabetes, asthma, a heart conditions or an auto-immune diseases – then you won’t be classed as “self-isolating” unless you’ve actually got COVID-19 symptoms. Also, people who are being advised to stay at home to keep themselves safe will just be classed as a standard low-risk individual.
If you’ve missed a life insurance payment as a result of COVID-19, or think you’ll have trouble paying it in the future, don’t just cancel your direct debit! Contact your insurer as soon as possible to discuss your situation.
Some insurers might let you take a payment holiday, or some policies might have a period of grace after non-payment before they lapse. If you’re seriously ill, this might also have an impact on how your insurer treats a missed payment.
As each insurer will have a different policy, contacting your provider directly is by far the best thing to do.
Keep a very close eye on the latest advice from the Foreign and Commonwealth Office (FCO). If you do head overseas against its advice – for whatever reason – it’s highly likely your life insurance policy would no longer be valid. This is because, in the eyes of insurance companies, you’re intentionally putting yourself in harm’s way.
If your trip overseas is essential, contact your insurer immediately so you can find out how your coverage might be impacted in the present, and when you come back.
There’s no way of knowing the long-term impact coronavirus will have on the UK insurance market. But if you’re thinking about buying life insurance, there’s no harm in doing it now. It won’t cost you more due to the coronavirus, but you will get cover if the worst happens.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.
If you’re worried about your income being hit by the coronavirus pandemic, here’s what you need to know about income protection insurance.
See the full results of our independent customer satisfaction survey of 750 life insurance customers – who’s got your heart racing?
Read our guide to find out how terminal illness benefit on a life insurance policy could help your loved ones and offer some financial security.
Read our guide to find out how level term life insurance could offer your loved ones financial security after you’re gone.
Read our guide to help you decide if you and your loved ones could benefit from joint life insurance.
Find out whether your home insurance covers damage to your property’s foundations and compare quotes too.
Find out everything you need to know about home insurance as a first-time homeowner and compare quotes too.
Our guide walks you through cancelling your home insurance. Find out whether it’s worth it and compare quotes here too.
Read our guide to find out how critical illness cover could help your loved ones and offer them enhanced financial security.
If you want to protect your family, life insurance can provide the financial support it needs. Find out how it works and how you can save money here.