Life insurance Trusted, Reliable Insurance For All

Manor Financial policies are more than just products, they are affordable promises of financial security for your loved ones – should the worst happen.
life insurance policy, protect your family

Just 3 simple steps

To complete your journey to financial protection security for you and your family.

What is a life insurance policy?

Life insurance is a personalised policy that will pay out a financial settlement to your family or beneficiaries if you die.

Think of it as a financial safety net for your loved ones if you unexpectedly pass away. It’s a financial security blanket, ensuring mortgages and large financial commitments don’t become mountains of stress and future dreams don’t get buried under bills.

This will give you invaluable peace of mind that your family will have financial security after you have gone.

Policy flexibility provides you with a range of options to allow you to pay off a mortgage, leave a lump sum to family or use it to cover funeral costs. There are many different types of policies, to suit everyone’s needs.

Life Insurance family

How does it work?

When you take out a life insurance policy you pay a monthly premium, in return your insurer agrees to pay a sum of money to your beneficiaries if you die.

Policies usually cover a fixed term, however, some policies can run for the rest of your life. You simply choose how much cover you need, and the duration of your cover. You can then choose to decrease, or increase cover depending on your circumstances.

Your health can affect the monthly premium you pay. So, there is usually a quick and simple medical questionnaire to complete before the insurance provider will approve your cover. Once covered though, any changes to your health don’t need to be disclosed to the insurer.

You can nominate your family members or beneficiaries by placing your policy into trust. By doing this, the insurer knows who to pay in the event of your death. They will also be able to pay your nominated beneficiaries quicker than if the sum assured goes through probate. As it keeps the sum assured out of your estate, there is also NO TAX for your beneficiaries to pay on the lump sum.

Why take out life insurance?

Taking out a life insurance policy is a proactive, responsible and financially astute way to secure the financial well-being of your family and dependents if you die.

Life insurance provides a vital financial safety net, ensuring your loved ones are protected in the event of your unexpected absence. Its purpose is to provide a lump sum to cover outstanding debts, mortgages, and daily living expenses.

Beyond the financial support, life insurance offers invaluable peace of mind, allowing you to live confidently and stress free, in the knowledge that your family’s future is protected.

It is a strong visible expression of care and responsibility, demonstrating your commitment to providing for those who matter to you most.

Life Insurance group image

How much does life insurance cost?

The cost of a life insurance policy will vary depending on a few factors. These factors include:
  • Age
  • Health status and pre-existing conditions
  • Cover required
  • Policy length
  • Smoker status

Life insurance vs critical illness cover:

What are the key differences between Life Insurance and Critical Illness Cover?

  • Trigger event: Life insurance pays out upon death, while critical illness cover pays out upon diagnosis of a specific covered illness while alive.
  • Beneficiary: Life insurance benefits go to loved ones after your death, while critical illness benefits go directly to you for your financial support and recovery.
  • Cost: Critical illness cover is generally more expensive due to higher number of claims.
  • Claim type: Life insurance offers a one-time payout, while critical illness cover may offer additional options like childcare cover or staggered payments.
  • Impact on Income: Life insurance: Doesn’t replace your income, but provides a lump sum to help your beneficiaries or loved one copy with the lose of your financial support and lifestyle. Critical illness cover: Doesn’t generally replace your income long-term, but can will cover lost wages or additional expenses during treatment and recovery.
Remember, both can be valuable forms of insurance, and the best choice depends on your individual needs and circumstances.
Life Insurance family, father, daughter, mother

Product Matrix

Comparison table of our insurance products

Benefit Income Protection Life Insurance Home Insurance Over 50's Cover Private Healthcare Critical Illness Cover Inheritance Tax Reduction
Protects homeowners by covering repairs/rebuild costs
Offers tax-free payouts to beneficiaries
Provides ongoing income to replace lost income/salary
Pays a lump sum on death

green tick (lump sum)

Provides financial security for loved ones (as ongoing income)

green tick (lump sum)

green tick (lump sum)

green tick (lump sum)

green tick (lump sum)

May cover pre-existing medical conditions (limited exceptions)
Offers access to private medical treatment
May offer additional benefits

(accident cover, rehabilitation)

(funeral expenses, child support)

(contents cover, alternative accommodation)

(dental, mental health)

(trusts, life insurance policies)

Our customers

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FAQs

Income Protection and Life Insurance specialists

Life insurance is all about protecting your family and loved ones in the event of your death, so they have massively reduced or no financial issues. A life insurance policy can cover the funeral cost, pay off the mortgage or even just provide cash for your family. If you feel life insurance is a priority or not, it’s your decision and it depends on your circumstance. The fact is, these extra funds, available after your death, will be beneficial to those around you.
Whole of Life is a type of insurance that does not have a term length. It will run for as long as you live, as long as you have kept up with the monthly premiums.
Term life insurance is cover for a specified time. It will pay out a cash lump sum if you were to pass away during the term of the policy. The maximum age you can cover yourself up to is 90.

There is no limit to how much life insurance you can access. Typically, the higher the amount, the higher the premium. Depending on your age, and how much cover you apply for, the policy could be subject to medical or financial underwriting, where the insurer takes on financial risk for a fee.

Placing a life insurance policy into Trust has two main benefits. Firstly, it helps to speed up the claim process, so that the cash lump sum gets paid to the beneficiaries sooner. Secondly, as the lump sum is written into Trust, it is not subject to any inheritance tax, so your beneficiaries have no tax to pay on the pay-out

Single life insurance policies will cover one person and will payout on the death of the insured person. Joint life insurance can cover two people and can payout on the 1st death, or the 2nd death, however, it will only pay out once.
The length of time to payout can vary, but would usually take around 30 days. Some insurers will offer an advance payment to help cover funeral costs whilst you wait for the remainder of the lump sum to payout. You can speed the process up by having the life insurance policy placed into trust.
Placing a life insurance policy into Trust has two main benefits. Firstly, it helps to speed up the claim process, so that the cash lump sum gets paid to the beneficiaries a lot quicker. Secondly, as the lump sum is written into Trust, it is not subject to any inheritance tax, so your beneficiaries have no tax to pay on the pay-out

Why choose
Manor Financial?

Over many years we have developed a hard-earned reputation for our honesty, no obligation quotes, relaxed approach and reliable & flexible insurance products.
  • No obligation quotes
  • Experienced advisors
  • Compare the market service
  • After sales support
  • Claims support
  • Additional benefits
While providing top class insurances options, useful features and after sales support, for ALL our customers. As experienced, respected insurance brokers, our key strength is listening to what customers really need to feel financially protected and providing them with trusted and fully transparent advisors to help them make the right decisions about protecting their income, property, families and futures.

Contact Us

If you have any questions about any of our policies, from income protection, life or home insurance to one of our more specialist policies; or would simply like a ‘no obligation’ quote, we’d love to take your call on 0800 368 7533. Alternatively complete our quick and easy form, and a member of our team will be in touch shortly.

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