Is Life Insurance Available Through My Employer?

Elaine Brookes Steve Case

Author: Steve Case - Insurance Expert

Reviewed & Fact Checked By: Elaine Brookes

Updated: 31st December 2023

While there will be some companies that offer life insurance policies as a benefit to employees in the UK, this is the exception rather than the rule.

employer life assurance cover photoHowever, your job will still come into play when trying to secure a policy.

So, while you may not be able to get life insurance through your employer, your job will still have plenty of input in how much you pay for your life insurance.

How Your Job Affects Your Insurance Premiums

The type of job you have, working conditions, etc… will have role in determining the premiums for the policy. For instance, someone that works on bridge construction will have a higher premium than an accountant that is sitting safely at his or her desk all day.

However, even if your job is considered a high risk job that would normally create a higher premium, your employer may be able to assist you in getting a lower rate.

Even though your job may appear to be dangerous, safety precautions that are in place may help sway the insurance company to lower the initial premium offered. Additional facts such as an exceptional safety record at your specific company may also come into play.

If, for instance, you are working at a company that has had zero accidents over the last decade, you can expect to get a lower rate than an individual employed in the same position for another company that has had multiple instances of injury.

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Other Factors that Will Affect Your Life Insurance Premiums

Outside of the job, numerous things will affect how much you pay for life insurance. Do you belong to a gym? How high is your blood pressure? Do you smoke or drink? These are all things the insurance companies look at before deciding on a premium.

If you are on the wrong side of these questions, it may be time to look at your lifestyle before applying for a life insurance policy. As long as you can demonstrate that you are living a healthier lifestyle, you are more likely to get lower premiums.

Getting the Best Life Insurance Rate

Because it is unlikely your employer is going to offer insurance, it will be up to you to find the best policy for your particular budget. This can be a daunting task, which is why we at Life Insurance Hero have a team waiting for your call (0203-150-1349).

If you would prefer to get your quote online, we can help with that as well. We have a form available that will take all of your information and one of our life insurance experts will get back to you as soon as possible with your options. If you would prefer to use this method, click here.

Getting life insurance is a responsible move and one that can protect your family if something ever happens to you. However, you may have to make some life changes in order to obtain an affordable policy. The good news is that in addition to lowering your life insurance rates, you may just be extending your life as well!