Life Insurance and Your Long-Term Financial Plan

It’s no secret that family life is busy. At times it can seem like an endless list of things to do, with no time to stop and breath. And when life is this hectic, it can be easy to put off the bigger things - like looking ahead and protecting your family’s future.

When it comes to your finances, having a long-term financial plan is one of the best ways to ensure that your family’s future is protected. Including life insurance in your plan could help you cover your bases so if the worst happened to you, your loved ones could carry on as you want them to.

How can Family Life Insurance improve your financial plan?

undefinedundefinedIt can help protect your family’s future

Nobody knows what’s around the corner and life can change very quicky. Planning ahead and preparing for the unexpected now can help you to make sure that your family are protected in the future.

With Family Life Insurance in place, you can ensure that your family will have some financial help if you were to suddenly pass away. Which means life can continue on as you would want it to.

undefinedundefinedIt can help protect your children

When you take out a Smart Family Life Insurance Policy, you have the option to take out additional Children’s Cover. This cover can help protect the most precious of lives by providing a benefit amount that could help with things like medical bills and rehabilitation costs if the worst should happen to your child, so your family can focus on getting through it together.

For an additional premium, you can choose a benefit amount of between £10,000 and £30,000, which will be paid out if your child suffers a specified serious illness or injury, or passes away in an accident.

undefinedundefinedIt can help life get back to normal after an accident

We offer Critical Illness Cover with our Smart Family Life Insurance so you can better prepare for the unexpected. With Critical Illness Cover you can make sure that you have a plan in place if your health were to take a turn for the worst. This extra cover could help your family with things like medical bills, loss of income, and other financial strains that arise because of your illness.

If you’re aged 18-59 when you buy Smart Family Life Insurance, you can apply to add this additional cover to your policy. It provides a lump sum payment from your life insurance benefit should you suffer from a specified critical illness. You can choose a benefit amount of up to 50% of your existing Family Life Insurance benefit.

undefinedundefinedIt can support you if you have a terminal illness

In an ideal world you’ll never have to worry about a terminal illness but unfortunately this isn’t always the case. We provide terminal illness cover with our Family life Insurance to offer you and your loved ones comfort and support if the unthinkable happened. If you’re diagnosed with 12 months or less to live by a medical specialist, you’ll get 100% of your benefit amount in advance.

undefinedundefinedIt can help keep the family healthy

At Smart Insurance we don’t just help protect your family’s future, we also help you to make sure they’re taken care of right now. We offer access to free Health and Wellbeing services1 to all Smart Family Life Insurance customers. That means you, your partner, and any children you have (up to age 21) will have access to a range of health and wellbeing services. These include on-demand 24/7 UK GP advice, mental health support, and expert advice from nutritionists.

undefinedundefinedIt can save you money

Raising a family is expensive, so it’s important to make every pound count. We’ve designed our Family Life Insurance to help you make your money go further with Smart Cashback. That means once you have made 12 full monthly premium payments, we will pay back 10% of your first year's premiums. You don’t need to do a thing, we’ll simply pay you back automatically within 14 days of your 12th successful premium payment.

undefinedundefinedIt can help with funeral costs

Nobody likes to think about dying but avoiding it could leave your family unprepared. If you were to pass away suddenly could your loved ones afford your funeral? With Family Life Insurance in place you can feel confident that if the worst happened to you, your family would have some financial support to help with funeral costs or other expenses.

Making room for life insurance in your budget

Let’s address a common misconception: life insurance is an unaffordable expense.

You might think that there’s no room for life insurance in your budget but there’s a good chance it’s more affordable than you think. Smart Family Life Insurance is a simple and affordable option with policies starting at just £14.77 a month in the first year for a £250,000 benefit amount2

If you want to work out how to fit life insurance into your monthly budget, you can start by calculating how much insurance you need.

undefinedundefinedYou have control

You choose how much benefit amount would suit you and how much you can afford to pay. You choose whether or not you want to add optional extras like Critical Illness Cover or Children’s Cover depending on eligibility. You’re in control and if you need more or less cover at any point, you can always apply to make a change free of charge.

Make the Smart choice

Life insurance acts as an extra layer of financial protection. It’s not just you that benefits from it, it’s those closest to you. By including Family Life Insurance in your long-term financial plan, you can have peace of mind that you’re helping to safeguard your family’s future.

Protect the life you’ve built, the Smart way

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For new Family Life Insurance policy holders only, once a minimum of 6 successful monthly premiums have been paid and the total premiums paid exceed the face value of the gift card. View full terms and conditions. Restrictions apply, see


Please note that the Smart Insurance Health and Wellbeing services do not form part of your life cover contract and it could be changed or removed in the future. This is a non-contractual benefit from Smart Insurance and can be withdrawn at any time. These services are only available to customers who purchased their policy on or after 27th September 2023.


Based on £250,000 of cover for a 32-year old non-smoker, on an individual age-based policy in the first year. Premiums depend on personal circumstances and increase annually based on age and cover. T&Cs apply.