What is a Life Insurance Policy?

Wondering what a life insurance policy is? Keep reading to find out what it is and how it can protect you,

We’re on a mission to educate everyone about the importance of life insurance, and why it’s a good thing to have regardless of your age, marital status, or health condition. If you’ve just started your research, you might be wondering what the deal with life insurance is — and you’re in the right place!

Let’s take a look at what a life insurance policy is…

From a legal standpoint, a life insurance policy is a legally binding contract between a company and an individual. 📝 It guarantees that the company pays a sum of money to the named beneficiaries when the policy holder dies, provided all conditions are met. In order for a life insurance policy to remain valid, the policy holder has to keep up with premium payments and make sure that they were honest when taking out the policy. 💷

A life insurance policy is more than admin

However, we believe that a life insurance policy is so much more than just a legally binding contract between an insurer and a policy holder. Life is full of unknown, so we see a life insurance policy as a way to protect your family and give you peace of mind. 🦸 Nothing can replace a loved one, but insurance can go a long way towards helping your family avoid financial stress. ⭐️

Types of a life insurance policy

There are different types of life cover you can purchase (including term and whole of life ), so it’s recommended to do your research in order to find the one that suits your needs. Shop around, 🛍 talk to your friends, and reach out to insurance companies for clarification if there are things you aren’t sure about. There’s no need to rush it, but it’s a good idea to get an insurance policy early, because it will end up saving you money in the long run.

What does a life insurance policy with Bequest look like?

We currently offer term life cover of up to £500,000 for terms between 5-40 years, with two different options:

Level term life cover

the cover amount doesn’t change during your term

Decreasing term life cover

once the policy has started, the cover amount will continually reduce each month resulting in zero cover by the end of the term

Unsure about coverage amounts? Check out: How Much Life Insurance Cover Do I Need?

What sets our life insurance policy apart?

What sets us apart, and makes us one of the best life insurance companies in the UK, is that we don’t require any medical check ups, and we have no mental health or postcode discrimination. We genuinely want to make life insurance available to anyone and everyone who wants it. 💚

A life insurance policy can help protect the ones you love by providing some financial help, but a will is what allows you to distribute your assets the way you want to. This also helps to take care of the people who you consider family, even if they aren’t related by blood. 🩸


At Bequest, life insurance is at the core of what we do, but it isn’t all we do. You can also write your will on our intuitive user-friendly platform. Sign up today — you know you want to! ✨

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Safeguard your loved one's future and get your cover today! 🤺 Apply for Bequest Life

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FF Bequest Limited, trading as Bequest, is authorised and regulated by the Financial Conduct Authority with firm reference number 923791. You can check our authorisation on the FCA Financial Services Register by visiting the following website: register.fca.org.uk . We are registered in England and Wales, Registered office address: Founders Factory, Northcliffe House, London, United Kingdom, W8 5EH. Company Number 12367897.

Regulated by the Information Commissioner's Office (ICO) [ZA662891]. "Bequest" is trademark protected by FF Bequest Limited (UK00003452648). FF Bequest Limited is registered in England and Wales, No 12367897.

0203 916 5433

FF Bequest Limited, trading as Bequest, is authorised and regulated by the Financial Conduct Authority with firm reference number 923791. You can check our authorisation on the FCA Financial Services Register by visiting the following website: register.fca.org.uk . We are registered in England and Wales, Registered office address: Founders Factory, Northcliffe House, London, United Kingdom, W8 5EH. Company Number 12367897.

Regulated by the Information Commissioner's Office (ICO) [ZA662891]. "Bequest" is trademark protected by FF Bequest Limited (UK00003452648). FF Bequest Limited is registered in England and Wales, No 12367897.

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