- Your loved ones can receive a cash sum if you die during the cover period
- The cash sum that would be paid out stays the same over the cover period
- The money can be used to cover your family’s expenses such as your mortgage, childcare fees and everyday living costs
- You can receive payment early if you’re diagnosed with a terminal illness
- You make monthly payments that are guaranteed to stay the same as you get older, unless you increase your cover or extend the cover term
- For an additional amount, you have the option to have your payments waived if you are unable to work through illness or injury for over 6 months
- Flexible options are available if your circumstances change, subject to conditions
Need more help?
To arrange your cover
Call us on
0800 916 6840 Monday to Friday 8am-8pm.
Or alternatively, arrange a time for us to call you.
What you'll need...(PDF)
- What is level life cover?
- How much life cover will I need?
- How much will level life cover cost?
- Compare us to our competitors
What is level life cover?
Think about the financial commitments you would leave to your partner or family if you weren't there to support them. Your mortgage is the most obvious one, but what about your other bills and essential expenses? By taking out Greenbee Life Cover, you could help ease your family's financial worries should you die or be diagnosed with a terminal illness. To pay off your family's outstanding debts and to compensate for the sudden loss of your income, you could consider taking out level life cover.
Level life cover (also known as level term assurance, family life cover or level term insurance) pays out a cash sum in the event of your death that remains the same throughout the cover period. This could be used to meet childcare fees, credit card bills and other everyday living costs.
If you simply want to cover the cost of paying off a repayment mortgage, you may like to consider our decreasing life cover instead. Decreasing life cover pays a cash amount that reduces throughout the term in line with your outstanding mortgage balance.
How much life cover will I need?
Our life cover calculator can help you decide how much life cover you need. If you're unsure, please speak to a professional financial adviser. It's important to remember that the buying power of any money paid to you will reduce with inflation, so you need to make sure that you take out sufficient life cover and regularly review your arrangements with us.
How much will level life cover cost?
You could protect your family financially from as little as £5 per month. Your cover may cost more. It will depend on your individual needs and circumstances and the premium you choose to pay. A Greenbee Life Cover plan doesn't have a cash in value and requires you to make monthly payments.
Get a level life cover quote online or call us on 0800 916 6840 for a personal life cover quotation to see just how affordable life cover could be. Please be aware that although we can talk through the different options with you, we can't give you financial advice. A professional financial adviser can help you decide whether a life cover plan is suitable for you.
See how our life cover plan compares to our competitors’ plans
Greenbee Life Cover is provided by Friends Provident Life Assurance Limited - please read Important information (PDF). Once your policy begins you may receive documents and correspondence from Friends Provident. This will always be relevant to your application or policy and will never be unsolicited.
This table shows the monthly premium for a sum assured of £150,000 over a 20 year term.
| Greenbee Life Cover | Direct Line | Marks & Spencer | Nationwide |
|---|---|---|---|
| £16.16 | £17.77 | £17.75 | £19.88 |
| Greenbee Life Cover | Direct Line | Marks & Spencer | Nationwide |
|---|---|---|---|
| £13.36 | £14.10 | £15.28 | £16.13 |
Example quotes are Level term, single life based on a non-smoker aged 40 for life cover to a sum of £150,000 over a 20 year term. Prices correct at 14th September 2009.
The actual monthly payments will depend on your individual circumstances. We guarantee your payments to us won't increase during the term of your plan.
All quotes are based on acceptance at standard rates, premium and sum assured remain fixed for the term of the policy.
