Best Smart Life Insurance Reviews 2024

Elaine Brookes Steve Case

Author: Steve Case - Insurance Expert

Reviewed & Fact Checked By: Elaine Brookes

Updated: 18th February 2024

smart life insurance reviews

Smart Life Insurance offers people a range of flexible, straightforward life insurance policies designed to cover various eventualities.

What Type Of Life Cover Does Smart Insurance Provide in the United Kingdom?

Smart Insurance provides you with two different types of life insurance policies – guaranteed life insurance and standard life insurance.

Smart Insurance also provides people with personal accident insurance, designed for different circumstances but gives the beneficiaries a lump sum payment should the policyholder pass away due to accidental death.

Smart Life Insurance Reviews Key Benefits Offered By This Company:

  • Compared with the main rivals, they have a fewer number of exclusions
  • No blood tests, medicals or forms. Request a call or get your free quote today! Put your family first
  • Premiums for younger men and women regularly preferable to some other insurers
  • Carry sound reviews for customer care
  • Provide outstanding prices for shared coverage
  • Great rates are provided for cigarette smokers

See How Smart Insurance Plans Compare Against The Leading Life Insurance Companies – Quick Quote Form

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  • 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

smart life insurance policy

Overview Of The Smart Life Insurance Products

ProductUK Life Insurance by Smart Insurance
Key Advantages of Smart Family Life Insurance– Easy to understand – No medical tests or complex forms – Budget-friendly coverage starting at £14.77/month – Offers reassurance
– Provides up to £750,000 coverage based on age along with 10% Smart Cashback
– Assists in safeguarding your family’s economic stability
How Does It Work?– Offers monetary security in case of death or terminal illness
– Can be coupled with supplementary covers like Critical Illness cover or Children’s cover
– Coverage amount is adjustable to suit individual needs and budget
– Quick and easy policy acquisition over the phone
Info on Coronavirus and Life Insurance– Contact number: 0800 458 6901
Policy Details– New policy holders of Family Life Insurance are eligible for a £125 gift card after six successful monthly premiums
– Total paid premiums should surpass the gift card value
Optional Coverage Types:Children’s Cover: Covers extra costs for medical expenses and school tuition in the case of defined serious injuries or illnesses
Critical Illness Cover: Pays a benefit amount for specified serious illnesses such as cancer, heart attack, or stroke
Premiums Criteria– Payments vary based on personal conditions, age, and coverage amount
– Payments increase yearly based on age and coverage amount
Organisation– Smart Insurance is a subsidiary of Neilson Financial Services Limited
– Neilson Financial Services Limited is supervised by the Financial Conduct Authority (FCA)
– All products are organized by Smart Insurance and issued, underwritten, and administered by Scottish Friendly Assurance Society Limited
– Scottish Friendly Assurance Society Limited is authorized by the Prudential Regulation Authority (PRA) and regulated by the FCA and the PRA
– Scottish Friendly Assurance Society Limited is listed as 110002 under the PRA and FCA

Without life insurance, how would you cover the following?

  • Inheritance Tax when you pass away?
  • Provision of cash gifts to relatives or children?
  • Mortgage payments and other critical financial commitments?
  • Outstanding debts accrued in your name?
  • Planning for funeral arrangements?

When compiling our Smart Life Insurance reviews, we discovered that the company was formed via a partnership between Scottish Friendly, a financial services group founded in the early 1860s, and Neilson Financial Services. This cooperation allowed Smart Life Insurance to offer the policies they do today.

Policies such as life insurance are designed to help a family better cope with losing a loved one or primary earner in the family.

You can get a quote here if you want to find out what options are available through Smart Life Insurance.

reasons to consider Smart life insurance cover

Standard Life Insurance through Smart Insurance

Our smart life insurance review process revealed that a life insurance policy would pay a lump sum to help the policyholder’s family continue paying their living expenses, such as bills, mortgages, groceries, and other costs.

This type of life insurance coverage is available to individuals between the ages of 18 and 64. It can help to provide grieving family members up to £750,000 (depending on the applicant’s age).

Smart Insurance does not require any medical tests and coverage for accidental death by any cause.

Smart Insurance offers two options regarding coverage: clients can opt for a level policy, where premiums are fixed for the term chosen for up to 40 years, or an age-based policy, where the premiums will increase as the policy holder’s age increases.

The age-based policy will also include an automatic five percent increase in the amount of the benefit every year for ten years, and the client can add critical illness coverage and children’s coverage.

Guaranteed Life Insurance

Guaranteed life insurance is the other type of policy that Smart Insurance offers to clients. A guaranteed insurance policy is meant to help family members pay for funeral costs and final expenses.

The last payment from a general life insurance policy is lower than those for a guaranteed insurance policy.

These types of life insurance policies are available in the United Kingdom for individuals between the ages of 30 and 79, providing between £3,000 and £15,000 of coverage (depending on age).

It is important to note that a payout is possible for any cause of death after the first year of the policy, but accidental death is covered from day one of the policy.

This type of plan also includes an automatic five percent increase in the number of benefits every year, which is applied on the policy’s anniversary for ten consecutive years or until the policyholder turns 74, whichever occurs first.

Policyholders with this policy can also add severe accidental injury coverage.

Personal Accident Insurance

Smart Insurance offers clients a personal accident insurance product in addition to the two types of life insurance.

This type of policy differs from the two policies outlined above because it covers a wider variety of events, but only those that are accidental.

smart life insurance critical illness

Some of the events covered under a personal accident insurance product include serious accidental injury and accidental death. Still, individuals will not be covered for death by any cause, only in the event of an accident.

This personal accident insurance product is available to residents of the United Kingdom between the ages of 18 and 69 and offers between £35,000 and £500,000 of coverage.

Additionally, this plan provides an automatic 5 percent increase to the policyholder’s benefits each year for ten consecutive years from when the policy begins.

Policyholders also have the option to add coverage for children to their accident insurance product if they so desire.

What are the Acceptance Criteria?

Smart Insurance accepts a broad range of age groups when applying for life insurance or personal accident insurance coverage.

Additionally, for the life insurance products it offers, Smart Insurance does not require any medical exams or blood tests to determine eligibility or to help determine the price of premiums.

Smart Insurance asks applicants some basic lifestyle questions as well as some easy health questions the applicant can answer on their own.

For the guaranteed life insurance policy, acceptance is precisely how the name makes it sound – guaranteed for individuals between the ages of 30 and 79 years old. Applicants within this age range will also not be asked any health-related questions.

For the personal accident insurance product, acceptance for coverage is guaranteed for those applicants between the ages of 18 and 69 years of age and will also not feature any health-related questions.

How Much Do Policies from Smart Insurance Cost?

The final cost of a Smart Insurance policy will depend on different factors unique to each. Some examples of this include the applicant’s age, health, and the amount of coverage they seek.

All policies do include a “Smart Cashback” element where the applicant can earn 10 percent of the premiums they have already paid back.

We hope you found our smart life insurance review helpful. Please remember we are always available to answer any questions regarding bespoke life insurance for you and your family.

Smart Life Insurance Review Conclusion

So, do you need life insurance? The answer is it depends. But there’s no harm in completing one of our simple forms to receive a no-obligation quote and find out for sure.

After all, the peace of mind that comes with knowing you and your loved ones are taken care of financially is priceless.

Alternatively, you can read our examples of life insurance companies offering great deals on whole, term, over 50’s and critical illness cover.

Details For This Company:

Smart Insurance
PO Box 4555,

Financial Services Register reference 594926

Open Monday to Friday, 9:00 am to 8:00 pm

Telephone: 0800 977 6023