Family protection for NHS nurses
The work of a nurse is invaluable but, unfortunately, healthcare workers know just how quickly life can change.
That's why having the right financial protection in place is vital to safeguard your family members' future.
If you're contributing to an NHS pension, you'll be entitled to death in service benefits - which could minimise the amount of personal cover you require.
At LifePro, we make arranging personal life insurance as effortless as possible so that you can get back to enjoying your much needed down time.
We can compare personalised premiums, cover, exclusions and terms from our panel of UK insurers. There is no broker fee.
How much life insurance do nurses need?
Calculate how much life insurance you may need by filling in the key costs and expenses you'd like your policy to cover.
The amount of life insurance you need depends on your financial obligations and what you want to provide for your loved ones. A common rule of thumb is to have cover worth 10 times your annual salary, though your individual circumstances may require more or less.
Consider the following when calculating your life insurance needs:
- Outstanding mortgage balance
- Other debts and loans
- Income replacement for your family (typically 5-10 years of salary)
- Children's education costs
- Funeral expenses (typically £4,000-£10,000)
- Any specific financial goals for your dependents
For example, if you have a £200,000 mortgage, earn £40,000 per year, and want to provide 10 years of income replacement, you might need around £600,000 of cover (£200,000 + (£40,000 × 10)).
Use our comparison service to compare available policies, premiums and cover from a wide range of UK insurers.
Run a Free Quote Comparison »Why should nurses secure cover through LifePro?
- Comparison across a range of UK insurers
- Adviser guidance from UK-based advisers
- No broker fee - insurers pay our commission
- Online quote request
- Support throughout your policy lifetime
Are nurses considered as high-risk for life insurance?
Being a nurse isn't typically considered as ahigh-risk occupation, meaning it's advisable to be able to secure cover on standard terms.
Standard terms refers to cover that's offered with no price inflations.
While you'll be asked questions about your occupation as part of the standard application process, declaring that you're a nurse shouldn't impact the price you pay.
Compare life insurance quotes through LifePro, prices start.
What's the best life insurance for nurses?
The best life insurance for nurses will be the policy that protects what's important to you and compliments any death in membership benefits you're eligible for.
Unlike death in service, a personal life insurance policy can be tailored to your specific needs and budget. This indicates you have more control over:
