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Best Life Insurance For Dads 2024

Elaine Brookes Steve Case

Author: Steve Case - Insurance Expert

Reviewed & Fact Checked By: Elaine Brookes

Updated: 19th February 2024

life insurance for dads

Are you a Dad that has a family to support? Have you thought about what would happen to your partner and children if you were to die unexpectedly?

Who would pay the bills? Who would pay the rent or mortgage? Is your family at risk of eviction? How would they survive daily, especially if you are the breadwinner? You need to ask yourself these questions to find the right life insurance appropriate for your situation.

Don’t be a Dad who doesn’t have life insurance cover to protect your loved ones if the unexpected happens.

  • Get a policy that is tailored specifically for you. Be fully protected whatever happens
  • Affordable policies, meaning you will be able to find one that fits your budget
  • Life cover for Dads that gives your family protection without emptying your bank account
  • Possess sound customer reviews for customer service
  • Really good rates are provided for new and young Dads
  • Favourable treatment for smokers and vapers
  • Reliability – Honesty – Caring – Trustworthy – Amazing Prices – UK Based Staff

Save Money And Get A Quote Now. Protect Your Family Before It’s Too Late.

life insurance policy dad

Don’t Miss Out on Protecting Your Family’s Future: Exclusive Life Insurance for Dads

Attention All Dads: Are you doing everything possible to safeguard your family’s financial future? As the backbone of your household, your responsibility extends beyond just providing for your family today.

Our specially designed Life Insurance for Dads ensures their security and peace of mind even in your absence.

✔️ Tailor-made for Fathers: We understand dads’ unique needs and responsibilities. Our customised policies provide comprehensive coverage and cater to the financial protection your family deserves.

🎯 Secure Their Dreams: You want to be there for every milestone from college education to weddings. Our life insurance ensures your family’s dreams remain within reach, even if you’re not around.

🏡 Mortgage Protection: Don’t let the burden of a mortgage weigh down your family. Our life insurance policies provide coverage to help your loved ones stay in the home they love.

💰 Tax-Free Benefits: Your family’s payout is tax-free, ensuring they have the maximum amount possible to navigate life’s challenges without additional financial stress.

🛡️ Trust and Transparency: We know that life insurance can be a complex topic. Our team of experts is here to guide you every step of the way, addressing any concerns and making the process as simple as possible.

life cover quote

How Does Life Insurance for Dads Work?

Life insurance is a type of financial protection for your loved ones or dependents should you die suddenly. By paying a monthly premium throughout a policy, the insurer will protect you by providing a lump-sum payout in the event of your death.

The payout size depends on numerous factors and is agreed upon with your advisor at the outset of the policy.

As A Dad, Do I Need Life Insurance?

An event may often trigger you to consider whether you need life insurance. Perhaps you have lost a spouse and now have to care for your child as a single parent.

Maybe you just got married or have purchased a property. Many circumstances can motivate you to go out and look for the right insurance company.

Questions you need to ask yourself about a need for a policy include your current or expected financial commitments.

life insurance for single dads

Areas that need consideration include:

  • Childcare costs
  • Household bills (including food and utility)
  • School of University fees
  • Out-of-school activities
  • Emergency funds that your family may require

Further considerations include whether you have any outstanding debt that still needs paying should you die unexpectedly.

It includes:

  • Car loans
  • Hire purchase agreements
  • Debt consolidation loans
  • Credit card debt
  • Personal loans
  • Mortgage
  • Equity release loan
  • Bank Overdraft

Compare The UK’s Top Dads Life Insurance Policies – No-Obligation Quote Form

fathers life insurance
  • Our price match promise means we will find you the right cover for your personal circumstances at the lowest price possible. Terms & Conditions and Privacy Policy

life insurance for my dad
Financial SecurityEnsures your family’s lifestyle and everyday expenses are covered in your absence.
Mortgage ProtectionIt helps to pay off your outstanding mortgage and secure your family’s home.
Children’s FutureProvides for your children’s education and other future needs.
Terminal Illness CoverOffers financial support if diagnosed with a terminal illness, allowing for better care and comfort.
Critical Illness CoverFinancial support if diagnosed with a critical illness, covering treatment costs and loss of income.
Accidental Death BenefitAdditional cover in case of accidental death, enhancing the policy’s protection.
Fixed PremiumsPremiums remain the same throughout the policy term, making financial planning easier.
Peace of MindOffers peace of mind knowing your family is financially secure in any eventuality.
Inheritance Tax BenefitsPolicy payouts may be exempt from UK Inheritance Tax if written under a suitable trust.
Flexible Policy TermsOptions to adjust cover and terms to suit changing life situations.
Children’s Critical Illness CoverProvides cover for children’s critical illnesses, ensuring their protection.
Additional Benefits for ChildrenThis includes benefits like child accident hospitalisation and childcare benefit.
TypeDescriptionBest For
Level TermFixed payout and premiums during the term.Mortgage, family living costs, bills, childcare.
Decreasing TermPayout decreases over time until it reaches zero.Repayment of mortgages or debts that reduce over time.
Whole of LifeCovers for life and guarantees payout upon death.Older dads, covering family expenses, inheritance.
Family Income BenefitMonthly tax-free payments instead of a lump sum.Replacing lost income, covering daily expenses.
AgeLevel Term (20-year term)Decreasing Term (20-year term)
AgeThe younger you are, the lower the premiums.
Health & LifestyleBetter health and lifestyle lead to lower premiums.
Smoking StatusNon-smokers pay less.
OccupationRiskier jobs may lead to higher premiums.
Policy TypeType of insurance affects cost.
Cover AmountHigher cover amounts increase premiums.
Policy LengthLonger terms can increase premiums.
AgeJoint PolicyTwo Single Policies
dad and baby scene

Flexible Life Insurance for Dads with Different Personal Circumstances

As Dads progress through their lives, personal and professional circumstances will change. Life insurance is a very flexible insurance product. Policies can easily adjust to reflect a new situation, such as an addition to the family, getting a pay rise, buying a larger house, or even separating from your partner.

There is usually no cost to amend a policy claim as insurers understand that it is unlikely that your circumstances will remain the same for the duration of the policy.

Every policyholder will likely have different personal situations, and a life insurance policy offers maximum flexibility. Below, we have listed the main circumstances a Dad may find themselves in to help you envisage how a policy can assist you.

Life Insurance For Single Dads

Following a separation or death of a partner, a single Dad still retains responsibilities for the welfare of his children, monthly bills, and paying rent or a mortgage.

If a life policy is in joint names with the partner, this could be cancelled and set up as a sole policy. In a separation, liaising with an ex-partner can be a good idea to ensure adequate protection for the entire family, including the children.

Life Insurance For Dads That Smoke

Life insurance is available for Dads that smoke. If you are a smoker, it is crucial at the outset of the policy to declare the full extent of your smoking, as this will affect premiums.

Premiums for smokers are likely higher for smokers than non-smokers, and if not stated, your policy could be invalidated if it ever comes to payout.

Stay at home Dads

If you are a stay-at-home Dad, it often means that your partner is the breadwinner and can earn a larger salary. As a stay-at-home Dad, you are probably tasked with cooking, cleaning, homework assistance, picking up children from school, and food shopping.

If something were to happen to you or your partner, how would you be able to maintain your household expenses, including childcare? Life insurance offers financial protection that provides a lump sum payout to enable the family to keep paying the bills and maintain their lifestyle.

New Dads

If you have recently become a father, it may be worth considering taking out a policy sooner rather than later. The earlier you take out a policy, the lower the premiums will likely be if you have no underlying health conditions.

Why leave it and risk any adverse effects on your young family should you unexpectedly pass away when your child is very young?

Older Dads

As people live longer or choose to focus on their careers before starting a family, some Dads are starting families in their forties or even fifties. The older you are when putting a life insurance policy in place, the higher your monthly premium will be.

An underwriter will look at the risk associated with being an older policyholder and its impact on the likelihood that you could die, particularly if you have underlying health conditions.

If you are in your fifties or sixties, over 50s plans are a cheaper type of policy if you have paid off your mortgage and have children that have finished education and are no longer reliant on you.

This is an option if you want to provide your dependents with a small nest egg and the funds to pay for your funeral costs. We look at the over 50s later in this guide.

Working Dads

Some Dads who work as employees may be covered by life insurance with their employers and enjoy death-in-service benefit. It gives financial protection for your dependents should you die.

If you are covered by death in service benefit, taking out life insurance can still be beneficial. If you have a large mortgage, the mortgage repayments may not be covered by death in service benefit and require a personal policy.

Working Dads who do not receive employer-based policy protection can consider either term or whole of life cover.

Self-Employed Dads

If you are a self-employed Dad, you do not have the luxury of a guaranteed salary should there be a downturn in business, unlike many people who work as an employee of a company.

Life insurance can provide that protection and peace of mind where you know that should something happen to you, your dependents will be provided for financially.

Dads to Be

If you are in a relationship and intend to have a family in the future, it can be worth taking out protection now rather than waiting for the birth of a child. The younger you are when taking out a policy, the cheaper the premiums, assuming you are in good health.

When you welcome a new child into the world, having a watertight policy provides the knowledge that the child will be thoroughly looked after if anything happens to you.

mens life insurance

Types of Life Insurance Cover

Whole of Life

A whole of life plan is the most expensive type of life insurance. A lump-sum payout would be due should you die, whenever that is.

There is, in effect, no end date to a whole-of-life insurance policy. The younger you start the policy, the lower the cost. If you create a policy when you are an older dad in your fifties, the price of the entire life policy can be very high.

Term life insurance

Term insurance is a policy that has a set end date. Typically, a term policy is set up to coincide with the end of a repayment mortgage or another financial commitment, which, once paid, means you are debt-free. 

Term insurance is a lower cost than a whole of life policy. Once the policy passes its maturity and you die, no payout would be due. 

Over 50s plans

It is possible to get either term or whole of life insurance if you are over 50, but it can be costly. As mentioned previously in this article, another option is an over 50s plan. The payout in this plan is significantly less than other types of cover because it is on a guaranteed acceptance basis.

Usually, over 50 plan payouts are capped at around £20,000 or £30,000 and can be used to cover funeral costs should you die so your loved ones are not financially burdened.

Over 50s plans can also pay off debts like credit card balances or personal loans. Alternatively, they can be used to leave a gift for children or grandchildren.

dad doesn't have life insurance

Life Insurance Options – Cover Variations

The flexibility of a policy also extends to the premiums and payouts throughout the policy. Increasing, decreasing, and level cover are all life insurance for dads options that you should consider at the start of your policy.

Increasing life insurance cover

Increasing cover means your policy will always keep up with the inflation rate. If you want your payout to be worth the same relative value now as twenty years ago, you should consider increasing premiums.

The premiums will rise annually, in line with the inflation rate, as measured by the Consumer Price Index (CPI), a UK government inflation benchmark.

Decreasing cover

Decreasing cover is when the annual premium reduces over the life of a fixed-term life policy. This cover typically ties to a repayment mortgage and matches the payment schedule of the mortgage over its life.

It means that the amount of cover towards the end of the policy will be minimal, designed to match against the remaining mortgage debt should you die.

Level cover

Level cover sees the premiums and subsequent payout lump sum remain the same for the duration of the policy. The effects of inflation will affect the payout as a lump sum agreed at the start of the policy is likely to be less at the end of the policy ten or twenty years later.

How Much Life Cover as a Dad, Do I Need?

Suppose you are considering taking out Life Insurance cover. Sit down with a broker or advisor and provide them with a clear breakdown of your situation and financial commitments.

If the reason for taking out life insurance is to cover against a mortgage, then you usually would take enough life cover to repay the mortgage should you die before you pay it off.  

If the need for a policy is not due to a mortgage, it could be to allow your dependents the ability to keep paying the bills and sustain themselves should you pass away. The cost of the monthly premium correlates to the size of the life insurance payout that you want to put in place.

Life Insurance in Trust

Continuing with the theme of life insurance flexibility, did you know that a policy can also be written into a trust? Writing into a trust is a means of getting maximum security out of the terms of a policy.

The key benefits of writing a policy into a trust are:

  • Reducing or avoiding inheritance tax when the payout is above the minimum threshold of £325,000
  • Being in full control of who receives the proceeds of the insurance payout and when they will receive it
  • The avoidance of probate, which means payout can take place more rapidly, could be vital and depends on the financial circumstances of your loved ones should you die unexpectedly.

How Much Does Life Insurance Cost?

For Dads, numerous factors affect the cost of life insurance premiums, with age, underlying health, and whether a policy is fixed-term (also known as level-term life insurance) or whole-of-life being essential drivers of price.

For example, the cost of £100,000 of protection for a 30-year-old non-smoker can start from just £5 a month for a 20-year level-term policy. For the same person, whole-of-life insurance rises to £30 a month; for a 45-year-old non-smoker, a whole-of-life insurance quote is from £60.

How much for life insurance for smokers?

For smokers, the cost of insurance does increase. Using the same examples above, a 30-year-old smoker should expect to see £100,000 of term life insurance cost £7. Whole-of-life could be priced as high as £47. Whole-of-life insurance for a 45-year-old smoker can quote up to £100.

Getting maximum value on your Dads life insurance

Taking out life insurance is a crucial decision. The policy must provide maximum protection for you and your family with pricing at a competitive rate.

The best way to ensure you receive a competitive quote is to compare life insurance provider quotes. It is straightforward to do this by completing a 30-second form and receiving multiple quotes.

You can then speak directly to the provider offering the best quote and ensure that the policy further tailors to match your exact personal circumstances.

Associated Life Insurance Products for Dads

Life insurance provides a financial payout should you die. Other related insurances also offer financial protection, but it does not require that you pass away to benefit.

Critical illness

Should a surgical procedure or a medical diagnosis stop you from being able to work, it may put your financial circumstances under strain. Critical illness cover gives a lump sum payout if you succumb to a qualifying illness. Not all diseases have coverage under critical illness, and a list can be defined at the start of a policy.

Additionally, policies require that you survive at least ten days from critical illness diagnosis for a policy to payout.

Examples of procedures and illnesses that are covered under critical illness include but are not limited to the following:

  • Kidney failure
  • Liver failure
  • Loss of hand or foot
  • Multiple system atrophy
  • Paralysis of a limb
  • Parkinson’s disease
  • Structural heart surgery
  • Severe lung disease
  • Cardiac arrest

Income protection

If you cannot work for a long time due to injury or illness, an income protection policy can help you. By paying regular premiums throughout a fixed-term policy, you will receive a replacement salary if you cannot work until you can return to the workforce.

An income protection policy builds around your circumstances, which you will discuss with an advisor at the start of the policy. Typically, policy tries to offset the terms of your employment contract regarding being off work.

On one end, civil servants often receive a salary for up to one year after being unable to work. Conversely, a self-employed person is not paid if they cannot work. A policy can provide a replacement salary from as little as one month to one year from when you stop working.

If you have ongoing financial commitments which include but are not limited to the following, you should consider income protection:

  • Personal loans
  • Mortgage
  • Equity release loans
  • Hire purchase agreement
  • Bank loan
  • Car loan

In the heart of every dad in the UK lies an unspoken promise of protection and provision for their family.

Life insurance isn’t just a policy; it’s a testament to this promise: a silent guardian watching over your loved ones’ future.

Picture this: your children, growing and thriving, their dreams unfettered by financial burdens, should the unforeseeable happen.

That’s the peace of mind life insurance offers. It’s not about the uncertainty of life; it’s about ensuring certainty in your family’s comfort and security. It’s about leaving a legacy of love and responsibility, echoing your care long after you’re gone.

Think about the little moments – the bike rides, the bedtime stories, the proud walks to school. These are the threads that weave the tapestry of childhood. Now, imagine securing these moments against life’s unpredictability.

With life insurance, you’re not just planning; you’re preserving these moments, ensuring your family’s lifestyle remains uninterrupted, come what may. It’s a shield against life’s financial storms, a safeguard for your family’s everyday living expenses and dreams.

When you fill out our free quote form, you’re taking a step towards cementing your role as the family’s protector, now and always.

10 Reasons Dads Should Consider Life Insurance

  • Dads often have more responsibilities on their shoulders
  • Having life insurance cover will help you to support your family
  • It can help you to build a safety net for your children
  • Securing coverage will help you to protect your family’s future
  • You will leave a legacy for your family
  • Having life insurance will help you to make your loved ones financially stable
  • Making sure a life insurance plan is in place will provide you with a sense of security
  • Life insurance can ensure your family maintains a similar lifestyle after you die
  • This market is a large one. There are many providers in the market. Some providers offer affordable life insurance discounts for Dads, so it needn’t be expensive.
  • Dad’s Life insurance can assist in paying off any legacy debts your family might have


As we have outlined, all Dads have varying personal and professional circumstances, whether they are a stay at home, older, or new Dads.

Life insurance policies can offer flexibility to adapt to any circumstance, either at the start of a policy or if a Dad’s situation changes during a policy.

From only £6 a month, a life insurance policy can provide peace of mind, knowing that should you die unexpectedly, your loved ones will be financially protected through receipt of a lump sum payout.

If you think a life policy applies to you, do not delay and put in a policy today!