Halifax Life Insurance – Straightforward Protection

Halifax is one of the UK’s best-known banking brands, and its life insurance offering reflects the same focus on simplicity, reliability, and trust. Halifax Life Insurance is designed to provide essential financial protection for your loved ones, should the worst happen.

Whether you’re looking to protect your mortgage, your family’s lifestyle, or simply leave behind a financial cushion, Halifax offers a range of flexible term-based policies — all underwritten by Scottish Widows, one of the UK’s leading insurers.

Here’s everything you need to know about Halifax Life Insurance, how it works, what’s covered, and who it’s ideal for.

What is Halifax Life Insurance?

Halifax Life Insurance is a term life cover product — it pays out a tax-free lump sum if you die or are diagnosed with a terminal illness (with a life expectancy of less than 12 months) during the policy term.

The payout can be used by your loved ones however they need — from paying off the mortgage or rent, to covering day-to-day living expenses, childcare, debts, or funeral costs.

Policies are underwritten and managed by Scottish Widows, a trusted name in UK insurance with over 200 years of experience.

Key Features of Halifax Life Insurance

Here are some of the main features included with Halifax’s life cover:

• Choice of level or decreasing term insurance
• Terminal illness cover included at no extra cost
• Cover from £100,000 up to £10 million
• Policy terms from 5 to 40 years
• Premiums from just £5 per month
• Single or joint life cover available
• Optional critical illness cover
• Guaranteed fixed monthly premiums
• Flexible cover based on your personal needs

With Halifax, you can tailor your life insurance to match your goals — whether that’s protecting a mortgage, supporting dependents, or simply securing your family’s financial future.

Policy Options Explained

Halifax offers two main types of term-based life insurance. The right choice depends on your goals — whether you’re protecting a loan or providing a lump sum for loved ones.

1. Level Term Life Insurance

This policy pays out a fixed lump sum if you die during the term. The payout remains the same throughout the policy.

• Ideal for replacing lost income or leaving a financial gift
• Commonly used to cover interest-only mortgages or household expenses

2. Decreasing Term Life Insurance

With this policy, the payout reduces over time — usually in line with a repayment mortgage.

• Designed for mortgage protection
• More affordable than level cover
• Suited to people with a decreasing loan balance

Both options come with the terminal illness benefit included, meaning you can claim early if you are diagnosed with a condition expected to lead to death within 12 months.

Optional Add-On: Critical Illness Cover

You can choose to add critical illness cover to your policy for an additional premium. This pays out a lump sum if you’re diagnosed with one of the specified serious medical conditions during the policy term — for example, cancer, heart attack, or stroke.

• Covers a wide range of illnesses
• Includes children’s critical illness cover when added to a parent’s policy
• Paid out as a separate benefit from life cover

Critical illness protection is particularly useful if you’re concerned about the financial impact of being unable to work or need support for treatment or recovery costs.

Who is Halifax Life Insurance For?

Halifax Life Insurance is suitable for a wide range of people:

• Homeowners who want to protect their mortgage
• Parents wanting to provide financial support for children
• Couples looking for joint life protection
• Anyone who wants affordable, fixed-term cover

The policies are flexible enough to cater to most needs, and the backing of Scottish Widows provides confidence in the product’s quality and claims process.

Eligibility Criteria

To apply for Halifax Life Insurance, you must:

• Be a UK resident
• Be aged between 18 and 59 at the time of application
• Select a policy term that ends by your 69th birthday

You’ll need to answer questions about your health, medical history, occupation, and lifestyle. In most cases, you won’t need to undergo a medical exam, but more complex applications may require additional information.

What’s Covered?

Halifax life insurance provides the following cover as standard:

• Death during the policy term: Your family receives a lump sum payment
• Terminal illness benefit: Claim early if you’re diagnosed with a terminal illness with a life expectancy of less than 12 months
• Optional critical illness protection: Pays out on diagnosis of a covered illness

The policy is designed to pay out once, either for terminal illness or death. Once the benefit is paid, the policy ends.

What’s Not Covered?

As with all life insurance, there are a few exclusions:

• No payout if you outlive the policy term
• Suicide in the first 12 months is not covered
• Claims may be denied for non-disclosure of health conditions
• Missed premium payments could cause the policy to lapse

If you add critical illness cover, you’ll only be covered for specified conditions, and the illness must meet the defined severity level in the policy documents.

Claims Process

If a claim needs to be made, Halifax (through Scottish Widows) has a dedicated claims team available to guide your family or estate through the process.

To make a claim, your representative will need:

• The policy number
• A death certificate or terminal illness documentation
• Proof of identity

Once approved, Halifax will pay out the tax-free lump sum as quickly as possible — typically within a few days of receiving all required documents.

Managing Your Policy

Once your policy is active, you’ll receive your documents and be able to manage your cover. You can:

• Update your details
• Change beneficiaries
• Add or remove critical illness cover (subject to approval)
• Cancel the policy at any time with no fees

You’ll need to keep paying premiums monthly via Direct Debit to ensure continuous cover.

How Much Does Halifax Life Insurance Cost?

Halifax Life Insurance premiums start from £5 per month, but your exact cost depends on:

• Age
• Health and medical history
• Whether you smoke
• Policy type (level or decreasing)
• Policy term length
• Amount of cover
• Whether you add critical illness protection
• Single or joint cover

To get a personalised quote, you can apply online or speak to an adviser.

Benefits of Choosing Halifax

• Backed by Scottish Widows, a trusted UK insurer
• Straightforward application process
• Optional critical illness cover
• Competitive starting premiums
• Single or joint cover options
• Fixed monthly payments for budgeting ease

Halifax combines simplicity with the security of a well-established financial provider. It’s an excellent choice for people who want solid, easy-to-understand life cover without complications.

Halifax Life Insurance at a Glance: