Life insurance: the basics

There is a lot of information on the internet about life insurance and it is easy to find yourself feeling confused. So to make it easier for you, we’ve put all of the basics in one place!

What is life insurance?

Put simply, life insurance is a type of policy that is put in place to financially protect you and your loved ones should you pass away or get critically ill.

How does life insurance work?

It all depends on the type of policy you get!

The most standard form of life insurance is a level life insurance policy, and if a valid claim is made, it will pay out a lump sum if you were to pass away within a set number of years.

What are the most popular types of life insurance?

Depending on the type of cover you want, life insurance can financially protect you against multiple types of circumstances. Some of the most popular types of life insurance are:

How do you pick the right policy?

Knowing what the right type of cover for you is can be a challenge at times, especially when it feels like there’s so many options out there. This is why tailored advice is unmatched.

Our protection specialists have years of experience in recommending life insurance to people with all sorts of different needs and circumstances. To start your free quote and be one step closer to speaking with one of our specialists, simply click the button below!

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What is a trust form?

A trust form is a legal agreement in which you will decide who could receive the pay-out from your policy. There are a few different sections that you will need to complete which are as follows:

  • Beneficiary
  • Settlor
  • Trustee
  • Witness

If you have no idea what any of these terms mean - you’re not alone. So in order to make getting through these forms easier for you, we have formed our own dedicated trust service who are here to help you navigate your way through the forms. Click here to read all about our trust service and how they can help.

How much does life insurance cost?

The price of life insurance isn't one size fits all. This is because the price of your monthly premium will be in part determined by several factors, such as your:

  • Age
  • Smoker status
  • BMI
  • Lifestyle choices
  • Occupation
  • Health
  • Family history


What is the point in getting a life insurance policy?

Having the right cover in place could ensure that if the worst were to happen then your loved ones would not suffer a financial burden. One of the best aspects of having a policy in place is the peace of mind it can give you.

At Caspian, we believe everyone should have access to life insurance and our service is free of charge. We can search through the UK’s leading providers and offer tailored advice. Click below to get started and find out what we’re all about!

Start a free quote