Life insurance provides essential financial protection for your family. But in the UK, choosing between term life and whole life insurance can be confusing.
Term Life Insurance:
- Coverage for a specific period (e.g., 20 years).
- Cheaper premiums.
- No payout if you outlive the term.
Whole Life Insurance:
- Lifelong coverage.
- Higher premiums.
- Includes cash value you can borrow from.
Best UK Providers (2025):
- Legal & General – Trusted brand, flexible term policies.
- Aviva – Includes critical illness cover.
- Zurich – Great customer service, family-focused plans.
Your age, health, and lifestyle determine your premium. If you’re young and healthy, lock in a low rate now—it’s cheaper long-term.