Life insurance calculator

It provides invaluable financial protection to your loved ones if the worst happens, but what level of life insurance cover is right for you?

Perhaps you want your life cover to pay off your mortgage and other outstanding debts; or maybe school fees and university costs are your biggest concerns.

Whatever your focus, it’s important to make sure that not only do you have enough cover, but you can also afford the premiums.

The higher the cash sum you want paid out, the higher the premiums will be.

It’s worth shopping around for your life insurance if you’re looking to take a mortgage, as you're under no obligation to buy from a mortgage provider.

Remember, once your life insurance is all sorted, don’t just put the paperwork away and forget about it. It’s important to regularly review the amount of cover you have so it reflects your current lifestyle.

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Do you have any  insurance policies  with Direct Line?

Things you need to know about Over 50s life insurance:
Premiums stop after your 90th birthday but you still enjoy cover for the rest of your life. In the first year, if you die from natural causes we will refund any premiums, or if you die as a result of an accident, we will pay your cash sum. After the first year regardless of the cause of death we will pay your cash sum. Depending on how long you live, the total sum paid in premiums may be more than the cash sum payable on death. If you stop paying your premiums before the end of your policy your cover will stop 30 days after your missed premium and you won’t get anything back. This isn’t a savings or investment product and has no cash value unless a valid claim is made. Inflation will reduce the buying power of your cash sum in the future.

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