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We’re UK Health & Protection Awards 2024 finalists!

We’re delighted to announce that our team of insurance experts has been shortlisted for ‘Best Small Protection Advice Firm’ at the UK Health & Protection Awards 2024. We are incredibly passionate about providing the very best customer service and advice, so it is an absolute honour to be nominated for an award like this.

Our team of experts has more than 25 years of insurance expertise and a dedication to pushing for innovation and progress within the insurance industry. We would like to say a massive thank you to our incredible team of experts, as well as our brilliant customers for helping us to get to the position that we are in now.

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60-Second Summary – We’re nominated at the UK Health & Protection Awards 2024!

The UK Health & Protection Awards recognises outstanding customer service and achievement within the UK insurance industry. This year, our team have been nominated for the ‘Best Small Protection Advice Firm’ Award and the winner will be announced in October.

Below is a quick summary of just a few of our amazing team’s achievements from within the last 12 months that helped to make this award possible:

  • A full update and redesign of our online life insurance quote system to make it simpler and easier to receive your life insurance quotes online – even if you have medical conditions.
  • A consistent drive and passion for excellent customer service, as our experts go above and beyond to achieve the best outcomes for our customers. If you don’t believe us, visit our Feefo page to read over 1,000 5-star reviews!
  • A brand-new charity partnership scheme to support brilliant and hardworking charities (including our latest official partner Pink Ribbon Foundation). These relationships help us to push for positive change within the industry, and to provide relevant and useful resources for our customers.

The UK Health & Protection Awards is an event that recognises the insurers and brokers that are at the ‘top of their game’ within the UK insurance industry. The 2024 awards are sponsored by well-known companies including AXA Health, Bupa, and Guardian.

UK Health & Protection Awards Finalist Badge

Which award have we been nominated for?

Our insurance specialists have been nominated for ‘Best Small Protection Advice Firm’ at this year’s UK Health & Protection Awards.

This award recognises the best small independent insurance brokers that offer comprehensive insurance services and advice to customers across the UK.

When are the winners announced?

This year’s awards will be taking place on the 10th of October 2024, where the winners in all categories will be announced. There are 30 categories, with awards for both innovative insurance brokers and insurance companies.

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Rated "Excellent" 5 out of 5

"This company went above & beyond to get me cover even though I have MS, I am very happy I managed to get cover, Amazing staff, Dean went above & beyond, I highly rate this company."

by Elizabeth Turner-Long - 9th August 2023

Over the last year, our experts have worked hard to update our processes, to make applying for your insurance policy as smooth and simple as possible. We have fully redesigned our online life insurance quote system, as well as updating our website to be more user-friendly and filled with up-to-date insurance guides and information.

We have also consistently maintained our 5-star customer rating on Feefo, due to all the kind reviews left for us by our amazing customers. We massively appreciate every customer who takes the time to leave feedback for our team, and we truly would not be where we are without you.

Another big change this year was our renewed focus on charity partnerships and outreach. Through this, our team has partnered with the brilliant Pink Ribbon Foundation to provide extra support and insurance information to people living with breast cancer and their families.

We aim to continue with this outreach throughout 2024, with more exciting and meaningful charity partnerships due to launch later this year.

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Is it worth paying for life insurance?

Yes, if you’ve got children or financial dependents then you should have life insurance to protect them if you die. Martin Lewis and the Financial Conduct Authority recommend that you take out life insurance to protect your family and your home. Generally, life insurance premiums start from as little as £5 per month and will be cheaper for younger adults.

Common myths about life insurance:

  • Life insurance won’t pay out (pays out 98% of claims)
  • People with medical conditions can’t have life insurance
  • Life insurance is expensive
  • Savings can be just as effective as life insurance
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Is life insurance worth it? - iam|INSURED

What is the average cost of life insurance per month?

Based on recent research carried out, the average cost of life insurance is approximately £38 per month and the average level of cover is £152,000. Life insurance premiums also vary dramatically from one insurance provider to another and you can reduce your monthly premiums by shopping around.

Fundamentally, life insurance premiums vary depending on your age, health and the amount of cover that you need, starting from as little as £5 per month. You can also get life insurance to protect your family and your home against financial loss if you die.

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Average cost of life insurance - iam|INSURED

What does life insurance cover you for?

Life insurance is a monthly renewable ‘term insurance’ contract that pays out a cash lump sum or regular payments on death to your family or beneficiaries. Policies are most commonly used for family protection or mortgage protection for your loved ones if you die and your household income reduces, plus the additional issues of losing a parent or carer.

Traditional life insurance will not exclude any pre-existing medical conditions and will cover suicide after 12 or 24 months. You can also use life insurance for business protection purposes as well as tax-efficient business life insurance for directors or key people.

What are the disadvantages of life insurance?

The biggest and most common problem that consumers have with life insurance is the cost and the monthly premiums. This is the top reason for policy cancellations and why more people don’t take out life insurance to protect their family.

Another key disadvantage with life insurance is that it holds no investment value, nor can you cash it in. Life insurance works like any other traditional general insurance policy (e.g. car insurance, house insurance, pet insurance etc.), you pay a monthly premium and it will pay out in the event of a claim. Some people decide to use savings instead of taking out life insurance but you need to make sure that you have sufficient savings to cover the costs of death for your family.

Why do I need life insurance?

The fact is that nobody actually ‘needs’ life insurance, but it is strongly recommended that families and couples have cover to protect their loved ones in the event of death. Martin Lewis recommends life insurance and says “this is something that every parent, partner, or person with any other type of dependent needs to consider”.

Life insurance financially protects your loved ones if you die and pays out a cash lump sum to repay your mortgage, pay for school fees, replace lost income, and pay for regular outgoings. Mortgage life insurance is not linked to your mortgage debt so you can use it to pay off some or all of your mortgage.

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Our Mission

At iaminsured.co.uk, we believe in much more than just insurance policies; we believe that everyone is unique and should be treated with the fairness that they deserve. We also believe in providing the very best financial protection, and giving you peace of mind to continue with your busy life without the stress or worry of what might happen.

We are dedicated to providing the best outcomes that we can and access to the best insurance solutions in the way that our customers want or need. We understand that everyone is totally unique in how they want things done and their own individual circumstances, which is where our totally unique approach to financial protection is driven from.

  • 100% online protection solutions
  • Top rated advice from the UK’s leading experts
  • Unique specialist protection services for all medical conditions, occupations and activities
  • Lowest prices and affordable cover options guaranteed
  • Dedicated to providing the best protection products for all your needs

With nearly three decades of expertise and established with a commitment to excellence in everything that we do. We have been a trusted partner for thousands of families, individuals and businesses, all with one common goal of looking for the best protection solutions.

Our Mission: To provide easy access to fair pricing, affordable protection and the very best financial security to families and individuals. We are dedicated to offering comprehensive insurance solutions that safeguard the well-being of our policyholders. Guided by integrity, transparency, and a commitment to excellence, we strive to empower consumers and families to face the future with confidence. Our mission is not just about policies; it's about protecting dreams, ensuring legacies, and being a trusted partner on life's journey.

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