HSBC Life Insurance
Flexible Plans
FCA Regulated Broker
Customisable Policies
A Policy for Everyone
Ensuring your family’s financial security is a priority, and selecting the right life insurance policy is a crucial step in that direction. HSBC Life Insurance offers a range of flexible and comprehensive options designed to provide peace of mind and financial protection for you and your loved ones. Underwritten by HSBC Life (UK) Limited, these policies are tailored to meet diverse needs and circumstances.
What is HSBC Life Insurance?
HSBC Life Insurance is a term-based policy that pays out a tax-free lump sum if you pass away or are diagnosed with a terminal illness during the policy term. This financial support can be used by your beneficiaries to cover outstanding debts, daily living expenses, or future financial commitments, ensuring their stability in challenging times.
Key Features of HSBC Life Insurance
- Flexible Coverage Options: Choose between level, decreasing, or increasing cover to align with your financial obligations and goals.
- Terminal Illness Benefit: Receive the sum assured if diagnosed with a terminal illness with a life expectancy of less than 12 months.
- Guaranteed Premiums: Enjoy fixed monthly premiums throughout the policy term, aiding in financial planning.
- Policy Terms: Select a term ranging from 5 years up to a maximum age of 91, providing long-term protection.
- Single and Joint Policies: Opt for individual coverage or a joint policy covering two lives, paying out on the first event.
- Optional Waiver of Premium: Incorporate a waiver of premium benefit, ensuring your premiums are covered if you’re unable to work due to illness or injury.
Types of Cover Available
Level Cover
The sum assured remains constant throughout the policy term, making it suitable for covering fixed financial commitments like an interest-only mortgage or providing a specific financial legacy.
Decreasing Cover
Designed to align with a repayment mortgage or loan, the sum assured decreases over time, reflecting the reducing balance of your financial obligations.
Increasing Cover
To combat inflation and maintain the policy’s value, the sum assured increases annually in line with the Retail Prices Index (RPI). Consequently, premiums will also rise to reflect the increased coverage.
Optional Add-Ons
Critical Illness Cover
Enhance your policy by adding critical illness cover, which provides a lump sum if you’re diagnosed with one of the specified critical illnesses during the policy term. This benefit can assist with medical expenses, lifestyle adjustments, or income replacement during recovery.
Waiver of Premium Benefit
This optional benefit ensures that your premiums are waived if you’re unable to work due to illness or injury, maintaining your coverage without the financial burden of premium payments during such periods.
Making a Claim
In the event of a claim, the process is straightforward:
- Notification: Contact HSBC Life (UK) Limited via phone, email, or mail to inform them of the claim.
- Documentation: Provide necessary documents, including the policy number, death certificate or medical evidence, and proof of identity.
- Assessment: HSBC will assess the claim based on the provided information and policy terms.
- Payout: Upon approval, the lump sum benefit will be paid to the designated beneficiaries promptly.
HSBC Life Insurance at a Glance
|
Feature |
Details |
|
Policy Types |
Level, Decreasing, Increasing Cover |
|
Sum Assured |
Flexible amounts to suit individual needs |
|
Policy Term |
5 years up to age 91 (81 for Increasing Cover) |
|
Premiums |
Guaranteed fixed premiums throughout the policy term |
|
Terminal Illness Benefit |
Included as standard |
|
Critical Illness Cover |
Optional add-on covering specified critical illnesses |
|
Waiver of Premium |
Optional benefit waiving premiums during periods of incapacity |
|
Eligibility Age |
17 to 69 years at the time of application |
|
Residency Requirement |
Must have been a UK resident for the past six months and intend to remain a resident |
|
Joint Policy Option |
Available, covering two lives with payout on the first event |
|
Exclusions |
Suicide within the first 12 months, non-disclosure, policy lapses due to non-payment |
Choosing HSBC Life Insurance means opting for a policy that offers flexibility, comprehensive coverage, and the backing of a reputable financial institution. By understanding the features, options, and terms, you can tailor a policy that aligns with your financial goals and provides the necessary protection for your loved ones.
Explore Our Life Insurance Services
Our life insurance process…
01
Needs Assessment
Tell us how much money you would need to financially protect your loved ones
02
We’ll Call You
We will call you to discuss your options and provide comprehensive free quotes
03
You’re Protected
You decide which policy to take and get protected today with no medicals or forms
Top Reasons to Choose Us
Comprehensive Coverage Options
Insured-Life.co.uk offers a wide array of insurance products, including life insurance, income protection, critical illness cover, mortgage protection, and over 50s life cover. This extensive selection allows you to find a policy that aligns with your specific requirements.
Access to Multiple Insurers
As an independent broker, Insured-Life.co.uk compares policies from a diverse panel of leading UK insurers, such as Legal & General, Aviva, and LV=. This independence ensures that you receive unbiased advice and competitive quotes tailored to your circumstances.
Additional Benefits and Services
Beyond standard insurance coverage, Insured-Life.co.uk provides extra services like placing your policy into trust at no additional cost, potentially protecting the payout from inheritance tax.
What Sets Us Apart
Safe Practices
Selling life insurance is about more than just policies—it’s about protecting futures with integrity and responsibility. Safe practices ensure that every client receives honest, transparent, and ethical guidance, helping them make informed decisions with confidence. From clear communication and accurate policy information to adhering to FCA regulationsand safeguarding personal data, trust is at the heart of everything we do.
FCA Regulated
At Insured-Life.co.uk, we are fully FCA-regulated, ensuring the highest standards of security, transparency, and ethical practice in life insurance. This means you can trust us to provide expert advice, fair policies, and protection that truly meets your needs. We work with leading UK insurers to offer reliable cover, giving you peace of mind that your loved ones will be financially secure.
Quick Policy Setup
At Insured-Life.co.uk, we make getting life insurance fast, simple, and stress-free. With our quick policy setup, you can secure the protection you need in just minutes. No lengthy paperwork, no complicated processes—just straightforward cover designed to give you peace of mind.
Get a quote, choose your policy, and enjoy the reassurance of knowing your loved ones are protected.
TESTIMONIALS
Hear from Our Customers
B Grant
Excellent customer service
Excellent customer service. Spoke to Daniel and he was so professional and knowledgeable which was reflected in the information he gave me. Detailed information I must add. I felt at ease throughout the call and never once did I feel I was being pressured to open a policy. It was my decision.
Lesley Phillips
I knew I had to take out a life policy…
I knew I had to take out a life policy for my husband and myself to cover funeral costs but kept putting it off .
Anastasia called us back as requested and guided us through the application. Thank you for making it easier than we thought so informative and helpful giving us the policy that was exactly what we asked for.
Highly recommended
Frequently Asked Questions
Whose Products Do We Sell?
- We offer products from a range of insurers for life insurance and critical illness cover.
- We offer protection products from a limited number of insurers for Whole of Life and Over 50s plans. A list of insurers we offer insurance from is available on request.
- As we’re not tied to any ONE provider we are able to search our panel of insurers and find you the best price available to us.
- We sometimes get preferential rates on selling policies which we pass on to you.
- We are paid a commission by each insurer for setting up your policy – it costs you nothing to use our service.
What Service Do We Offer?
- We are authorised by the FCA to advise our client on their protection needs. Our advisers will assess your demands and needs and recommend a suitable product that will protect you and your family. We get to know our clients and help them to decide on the right cover for the right price from a panel of leading UK insurers.
- We will ask you a number of questions designed to make you think about the shortfall in your income in the event of the death of a partner or breadwinner. Our questions are simple and our advisers avoid jargon making it easy for clients to understand.
How Much Does Our Service Cost?
- NOTHING – We do not charge a fee for our service; however, if you take a policy out through us we will be paid by commission from the insurer, but it still costs you nothing.
- You will receive a quotation which will tell you about any policy premiums relating to any particular insurance policy.
- We will put your life insurance policy into TRUST for FREE – this means that it may not be counted as part of your estate when you pass away and could secure it from the taxman – why should you lose your payout to the taxman’s inheritance tax?
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