Car Van Home Life About Budget Contact Us Login / Register Claims 0800 294 0807 Life Insurance paid out in 2019 Get a new quote * We're backed by Scottish Friendly Assurance Society, resulting in 99.5% of our life insurance claims being paid in 2019. Life Insurance Overview Making a claim My Account FAQ’s New quote Retrieve quote Help protect your family with great value life insurance with cover up to £750,000. We all want the best for those we love, and with our Life Insurance, you can help make sure that your family are covered if you were to pass away unexpectedly. We’re here to help you get the cover you need to enjoy life now. Budget’s Life Insurance features and benefits include: There are two types of life insurance that you can buy through Budget Insurance: Level Term and Decreasing Term (this can also be known as Mortgage Term). Level Term Decreasing Term With a Level Term Policy the cover amount is fixed for the length of the policy term. This means that if you pass away whilst the policy is valid, your family can claim for a set amount of money. A Decreasing Term Policy means that the amount you are covered for reduces over time. This will mean your family will be able to claim the current value of the policy. Your monthly payment won’t reduce on this type of policy. *Prices used for demonstration, not indicative of real policy *Prices used for demonstration, not indicative of real policy Free will Protect your family further with a will, provided free to Budget's life insurance customers Trust tool Be sure that the people you want to receive the proceeds of your policy do Legal advice Free legal assistance for end of life matters, when your family may need it most Single or joint cover You can customise your policy to suit yourself or create additional cover for a partner Critical illness cover Additional option to cover against critical illnesses, for you and your children Companions service A free service with help from a registered nurse if you're diagnosed with a critical illness Other reasons to use Budget We know printed policies are likely to be misplaced and if you want to make amendments to your policy it is not always convenient to ring up a call centre. We want you to be able to look after your insurance policy in the way that suits you and at a time that is most convenient for you. Paperless documents Download and view your documents any time. Safe and secure We keep all of your data safe and secure. Your Account We know printed policies are likely to be misplaced and if you want to check your policy documents it is not always convenient to ring up a call centre. Our online My Account area is a quick and easy way to maintain your documents Learn more Login Frequently asked questions Why do I need life insurance or critical illness cover? Life insurance is all about reassurance. A life insurance policy helps to provide a financial benefit to your loved ones should the worst happen. With Budget life insurance and critical illness cover, your loved ones would receive a cash lump sum if you were to die or become too ill to work during the policy term. What types of life insurance are available? Do you offer joint life insurance? Am I covered straight away? Why should I take out life insurance with Budget Insurance? COVID-19 Update We are continuing to monitor the coronavirus (COVID-19) pandemic as it develops and are ensuring that our employees and business are protected, whilst doing our very best to maintain service levels for customers. You can access your policy details and documents by logging into your account. Please be aware, if you contact us by phone, there may be longer waiting times than usual. We’ve been contacted by customers with some questions about cover and claims related specifically to coronavirus. Please see our updated FAQ page here. Thank you for your support. © 2021 BISL Limited. All rights reserved. Homepage Car Insurance Home Insurance Van Insurance Life Insurance Knowledge Base Budget Insurance Services is a trading name of BISL Limited. Registered Office: Fusion House, Katharine Way, Peterborough, PE3 8BG. Registered in England No. 3231094.We are authorised and regulated by the Financial Conduct Authority. About Budget Blog Hints And Tips Terms and Conditions Privacy Policy Fraud Prevention Sitemap Covid-19 FAQ’s We are an independent intermediary dealing with selected insurers. For mutual security calls are recorded and monitored for training purposes.Please note By continuing to use this website you are giving consent for cookies to be used. Further information on cookies and how you can disable them is available here. BGL Group: Slavery & Human Trafficking Statement We care about your privacy We use cookies to ensure our website works properly. We also use cookies to collect data so we can understand how people use our site. This helps us improve our service to help you find information more quickly, and tailor content or marketing to your needs. Select “Accept All Cookies” to agree or “Manage Cookies” to manage cookie settings. 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