So,What is Life Insurance? Or as we call it, Death Insurance
Life Insurance is a type of insurance policy that can pay out a cash lump sum upon your death. Life insurance is designed to minimise any financial impact on your loved ones if you die. We call it Death Insurance, because that’s what it is, a payout in the event of your death; we’ll even help you create a ‘Deathwish’ to record and plan for what you want to happen in the event of your death.
Despite what others would have you believe, life insurance is really pretty simple. You pay a monthly fee, and if you die a lump sum of money (we call this your ‘payout’) is distributed to your loved ones, meaning money is one less thing they have to worry about
Where it can get a bit more complicated is with conditions and exclusions, with some companies having many pages of these in their terms and conditions. We try and keep exclusions to a minimum to keep it as simple as possible
Do I need Life Insurance
Are you immortal? Then probably not.
But if you’re like most of us, death is an inevitable part of being human. If you’ve people you care about, who you’d want to receive a cash sum upon your death then Life (or Death) Insurance could be the insurance you’re looking for.
Why should I take out a Life Insurance Plan with DeadHappy
We thought traditional life insurance was a bit rubbish really, so we decided to shake things up a bit. We’ve created a life insurance product rebuilt from the ground up to really meet your needs rather than the same old outdated inflexible plans . No long boring forms, irritating phone calls or shady pricing.
QUICK
Get a life insurance quote and get covered online in minutes. With our streamlined application process, we only ask a few health questions, (4 to be precise) so it’s very quick and easy. If you’re accepted; pay and your life insurance plan starts straight away
FLEXIBLE
We know life changes, a lot. Most life insurance policies don’t flex with you so you could be left with a policy that’s pretty useless if your important stuff changes. That’s not what we’re about. When life changes, you can change your plan to suit your needs or break up with us, if that’s what you really, really want
CHEAPER
Not because we’re rubbish, far from it. We’re cheaper because we’ve completely re-invented life insurance, from the bottom up (not unlike Kylie with those gold hotpants). We base your quote on who you are today, not who you will be in 15, or 25 years time, so you can get genuinely great, yet cheap life insurance
Convinced already?
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We’re flexible to change…
Our life insurance is pay-as-you-go with a 10 year lifeline. Let's break that down.
Firstly, the PAYG bit means that you are only committed for 1 month at a time, you can cancel whenever you want with no penalty. Yes, you can break up with us if it’s what you really really want, and we won’t shred your favourite t-shirts or email your mum, but we think that once you’ve met us, you’ll want to keep us forever, or at least until death us do part.
Secondly, the lifeline bit refers to how long we guarantee to keep you insured if you get diagnosed with an illness.
In theory, after this point, your life insurance plan will automatically end. We don't ever want this to happen though, because we love you and don't want to lose you. So every year, we’ll give you the option of 'refreshing' your lifeline, and taking it back to 10 years, subject to a few health and lifestyle questions. It usually takes just a few seconds to refresh.
Deathwish you say?
At DeadHappy, we’re more than just Insurance, we want to help people plan for, think about and share what happens upon their eventual death, which is why we created Deathwishes. Whether it’s planning how you want your funeral to be (Star Wars or natural burial, and everything in between), you want a bronze statue of yourself for the garden or someone to delete your internet history files, we can help you consider and plan. Read more about Deathwishes over on our dedicated Deathwish page
Perhaps the question should be “Why shouldn’t I get a life insurance quote from DeadHappy?”
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When do I need to take out Life Insurance
It’s up to you really. A lot of people consider Life Insurance at the same time as a big life event, such as buying a house, getting married or having children. If there’s someone you care about, spouse, children, dog, best friend, or other loved ones who you’d want to leave some cash to when you die, then you (or rather they) could probably benefit from you taking out some sort of Life Insurance cover. But really there’s no right or wrong answer. To read more we've even written a blog on the subject.
How much will Life Insurance cost from DeadHappy?
Obviously it depends on a few factors. How much of a cash payout you want is one of the big factors. How old you are, and whether you’ve got certain illnesses can also increase your how much you pay for your life insurance plan, but we’ll bet our last 50p we’ll still be the best quote you’ll find.
Why are we so much cheaper? - it’s simple, it’s because we base your plan on who you are right now not who you might be in 25 years time. So you get a plan that’s right for who you are today, and you don’t overpay.
What will Life Insurance from DeadHappy cover
DeadHappy’s Life Insurance will cover you for some things that a lot of other insurers won’t. For example if you have in the past or currently have a mental illness. If you’d like to see a full list of what we do and don’t cover, it’s worth checking out our Plan Outline.
When you apply for life insurance with us, depending on your answers to the questions, we might give you the option of getting a price for Near Death insurance. Our Near Death insurance pays out when you get ill with something really serious, which is likely to have a pretty big impact on the rest of your life (you might know it as critical illness cover).
Who can make a claim on my policy and how do they do it?
Anyone can start the claims process by either emailing us at [email protected] or calling us on 0116 350 0134. We’ll ask them for your name, DOB and address; who they are and their relationship to you. Our claims team will let them know if we need anything else.
If you get a really nasty illness and you’ve got our optional near-death insurance then one of your friends or family can start the process, or you can do it yourself if you’re well enough.
Ready to get a quote?
OK let's do thisCan I get Life Insurance?
Hopefully yes. Unlike a lot of other traditional life insurers we don’t ask for you to have a medical. Or fill out a 40 page questionnaire about the intimate details of your life.
Our application form is 4, yes really, just four questions and at the end we’ll tell you whether or not you’ve been accepted and how much it will cost and you can take out your plan instantly. It’s that simple.
If there’s something we may have to find out more information about, we’ll tell you, and we’ll pester the Suits until we have an answer.
Life / Death Insurance FAQs
We can’t tell you this, specifically as we’re regulated by the Financial Conduct Authority (FCA) to provide insurance on a ‘non-advisory basis’ which means you have to make your own mind up which cover is right for you. What we can do however, is make it as easy and affordable as possible to get your life insurance cover.
Whenever you want. It’s a personal thing. Lots of people tend to buy life insurance if they’ve loved ones who would benefit from a cash sum to help with living expenses in the event of their untimely death, so naturally buying a house, getting married, having kids are key motivators, but again, it’s your call.
However, everyone, no matter what their circumstances, would probably benefit from creating a Deathwish. A Deathwish allows you to think, prepare and record what you’d like to happen upon your death, including silly stuff, like what fancy dress code people should adopt for your funeral, whether you’d like your ashes blasted into space like a spangly-tastic firework or simply something practical like a lovely bronze statue of yourself in the garden for everyone to remember you by, or if you’re like David from Essex, here’s an idea to get your creative juices flowing;
Pay for my funeral: Bury me in a forest and then go eat sausage rolls with ketchup. Get Carmel's funeral directors in Crawley to do it. Ta. (actual deathwish, name changed)
Go to our Deathwish page to find out more about Deathwishes.
It depends on your mortgage company, but probably not. People tend to look at life insurance when taking out a mortgage to ensure their loved ones would be OK financially if they were to die, and would use the cash payout to pay off the mortgage, or help towards living costs.
We've even written an article on just this subject over on our blog right here, if you're interested..
Well, obviously we’re biased. We think DeadHappy makes the best life insurance. However obviously with a decision as serious as this, you’ll want to look around to be sure you’ve chosen a life insurance plan that’s right for you. It’s OK to see other people - we’ll take you back if you decided we’re the one for you x
Yes. What this means is that the cash payout your loved ones will get when you die won't change. This is different to decreasing term life insurance whereby the policy pays out a lump sum that decreases every year. This is intended to lower in line with your mortgage balance, for example.
We also don’t exclude people with mental health conditions both current and historical, so we certainly won’t say no for this reason, and we won’t skyrocket your premiums either (unlike a lot of other providers).
We’ve even written a little article about the subject, so if you fancy, pop over to our blog or ask our Honchos on live chat if you’ve any questions, at all or even just to ask them what you think you should make for lunch, our Honchos are at your service.
Useful Information & Policy docs
Want the nitty gritty about your plan, you can find your Plan Outline here, or as the FCA call it, your Key Facts document.
What’s not covered?
We’ve a full list of what’s covered and what’s not in your Plan Outline, but the most common reasons we won’t pay out are;
- You weren’t truthful at the time you took out the policy
- Your death is caused by suicide* (this includes all deaths caused by intentional self-inflicted injury)..
- You were doing something Extremely Dangerous, such as flying, diving, base jumping and so on, we strongly suggest you find your thrills somewhere else
- You die whilst in active military service
- You fake your own death
*We review this after 12 months.
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