How to Buy Life Insurance Online

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Do I need life insurance?

Let’s start with the basics, “do I really need life insurance” you may ask yourself. You don’t need it, but you might want it, especially if you have any dependents or loved ones you’d want to look after in the event of your untimely death. You could make sure they didn’t have to worry about the mortgage, bills or funeral costs by creating a life insurance plan to cover the cost. So if you’re wondering whether life insurance is a good investment, only you can decide if peace of mind is worth a small monthly sum.

When should I get Life Insurance?

That’s a good question. We’ve covered this in a little more detail here in our blog ‘When should I think about life insurance’ but if you’re simply after a snippet, here are the main reasons people think about getting life insurance

Buying a house

Getting married

Having kids

So whenever you make financial commitments such as a house, car or other debts, or if you become a parent these are good reasons to consider buying life insurance. You might not need to buy life insurance to take out a mortgage, but if you want to make sure that your family, husband/wife and kids can continue in the lifestyle they’ve become accustomed to if you died, they could be good reasons to consider buying life insurance.

Can you purchase Life Insurance online?

Well, you can with DeadHappy. We make it really simple, with just 4 questions and you’ll probably be able to get a quote online and get covered in around 4 minutes. Other Life Insurance providers, not so much. Expect an interrogation of your health and lifestyle and maybe a doctors report before they decide if they want to insure you. Or not. At least with us, you’ll know right away if you’re accepted. Why not find out for yourself and get a life insurance quote?

What are the different types of Life Insurance?

There’s a few, but the two main ones are

Term life insurance

Term, or fixed-term life insurance does what it says on the tin. It’s an insurance plan that will pay out if you die within a fixed amount of time, usually 10 or 20 years.

Whole of Life

Whole of life plans are, again fairly self explanatory and naturally, quite a lot more expensive since the odds of you dying are well, a sure bet, unlike with a fixed term plan.

What if you don't die, but get really ill?

Critical Illness insurance, or as we call it, Near Death Insurance will pay out a sum, equal to half of your sum insured if you get ill with a very nasty illness. Near Death cover is an optional extra you may be able to add to your life insurance plan for an additional premium every month. Find out more about Near Death Insurance.

Here’s a handy chart to compare the different types of Life Insurance plans available; You can see that Life Insurance pays out if you die, whereas Critical Illness, or as we call it Near Death Insurance will also payout 50% of your sum insured, if you fall ill with a ‘really nasty illness

Life Insurance

Critical Illness - Near Death Insurance

Will pay out a fixed sum upon death
Will pay out a fixed sum if I become really ill with a ‘really nasty illness’
Will pay out if I die after initially contracting a ‘really nasty illness’

What type of Life Insurance do I need?

Hopefully, we’ve given you enough information by now that you can make this decision for yourself. And speaking seriously, we’re not regulated to give financial advice - only to share with you facts and let you make the decision for yourself. However, a good place to start when you're thinking about this is how much do you want to spend per month and how much cover do you need, or as we like to say ‘what do you want to happen when you die?’. If you’ve a limitless budget a whole of life policy could be a good option, but, if like most of us your budget is finite, then a Term Life Insurance plan could well be a great option. But that’s your decision.

How much Life Insurance do you need?

We think the question you should ask yourself is ‘What do you want to happen when you die'. Have a think, do you want to pay off the mortgage, buy your daughter a pony, send all your mates on a trip to Ibiza, or simply make sure your send off is awesome.

At DeadHappy we don’t just sell life insurance, we help people to create Deathwishes. Your Deathwish can be as simple as a cash payout or you could get really creative and start planning what you want to happen if you were to meet your untimely demise, such as an actor dressed as the grim reaper at your send off, posting a tube of exploding penis shaped glitter to your old boss, or making sure you’re buried in a compostable coffin. Make your Deathwishes, get suitable life insurance for the ones that’ll cost a lot, then share your wishes, don’t keep them a secret.

Fancy joining in the fun - why not make your own deathwish?

How much does Life Insurance cost?

How long is a piece of a string? Seriously though, the cost of your life insurance plan will depend on a few factors;

  • How much payout you want
  • How old you are
  • How healthy you are, whether you or a relative have any health conditions that may be considered a higher risk
  • How long you want your plan for, the usual durations are 10 or 20 years for fixed term plans

At DeadHappy our cover starts from as little as 61p per month for £1,000 cover. It’s very likely that we’ll be cheaper than traditional life insurance providers. That’s because you pay a fixed price for the entire length of your policy, based upon who you might become in 20 years time. So you pay far more than you should whilst you’re still young and healthy. We’re different. We base our prices on who you are right now, so you pay the right price for who you are today not who you might (or might not) become. After all, who knows who you might be in 20 years?

Want to find out how much your plan could be? Be pleasantly surprised, get a quote online today, what’s the worst that could happen?

How long should your life insurance be?

That’s a personal thing. Some of us like the reassurance of a 20 year plan, but it seems most of us disagree. After all, do you think your life will be the same in 20 years as it is today? The average length of a life insurance policy in the UK is 7 years before it is cancelled. That’s usually because the plan no longer meets your needs, and with traditional life insurance you’re unable to change it. Say hello to PAYG (pay as you go) Life Insurance, from DeadHappy. The life insurance that can flex to meet your needs now, and into the future.

Who has the best Reviews?

We don’t like to brag (perhaps) but we’re currently the owner of a 4.9 stars out of 5 with Trustpilot. If you don’t believe it, why not check it out for yourself, or enjoy our hand picked snippets over on the DeadHappy life insurance reviews page?

What does FCA regulation mean?

The FCA, or Financial Conduct Authority are the people who make sure we’re doing what we say we will. That we’re legitimate, honest and trustworthy. The FCA provide guidance and regulation for the insurance sector and make sure companies providing financial products are behaving in the correct manner to protect consumers. At DeadHappy, you can be reassured that we’re registered with the FCA, because whilst we’re light-hearted about some things, the quality of our products is something that we are Dead Serious about.