Churchill Life Insurance Review 2023

Churchill Insurance was founded in 1989 as one of the UK’s first direct motor insurance companies.

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Churchill Insurance was founded in 1989 as one of the UK’s first direct motor insurance companies. A year later, its portfolio expanded to include home insurance, and since then, the firm has added other types of coverage, including travel, pet, and life insurance.

Types of Life Insurance Offered by Churchill

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Churchill life insurance

Churchill has an extensive portfolio of life insurance policies to meet various clients needs

As an insurance-focused company, Churchill has an extensive portfolio of life insurance policies to meet various clients needs. The main types go as follows:

  • Level Term: Where your payout stays the same throughout the coverage period. Ideal for interest-only mortgages and to leave an inheritance for loved ones.
  • Decreasing Term: Where the payout is lowered during the coverage period. Ideal for covering debt or mortgage payments.
  • Critical Illness Cover: This is an add-on option called Critical 3, which AIG provides. It can be included with your primary policy for an extra fee.

As Churchill offers an array of life insurance options and add-ons, it’s always best to consult a professional to discuss the best option for you.

Does Churchill Offer Over 50s Life Insurance?

The company caters to clients over 50, with a whole of life coverage until you pass away. Applicants are also not required to undergo a medical examination to receive coverage. Churchill guarantees approval for anyone up to 85 years of age (or 81 if you’re a smoker).

Your beneficiary can use the payout to cover funeral costs, debt, mortgage payments, or living costs.

Features and Benefits of Churchill Life Insurance

We compare plans from the leading life insurance providers

When taking out a life insurance policy, it’s good to know that your investment comes with some perks to sweeten the deal. Churchill offers a range, such as:

  • 24/7 access to a GP.
  • Flexible cover periods from anywhere between 3 to 50 years.
  • Fixed monthly payments (if your policy remains the same).
  • Critical Illness Cover for an extra fee.
  • A mortgage guarantee on decreasing term policies.
  • Up-front payment of £10,000 if your claim is approved but delayed due to checks or other legal requirements.
  • 99% of claims are paid
  • Children support services

Overview of Churchill Life Insurance Key Policy Details

Cover Options Level and Decreasing term policies.
Cover Period Between 3 to 50 years.
Critical Illness Cover Available for an additional fee.
Maximum Applicant Age Applications can be made up to 75 years of age.
Minimum Entry Age 17.
Whole of Life Policy Not available for under 50s.
Joint Life Policy Both single and joint-life policies are available.

It’s also worth noting that the company doesn’t provide income protection insurance and that if you miss a payment, Churchill gives you up to 30 days to make the payment from when it was overdue.

What Changes Can You Make to Your policy?

Churchill Insurance allows you to make various changes to your policy, including:

  • The amount covered by your life insurance
  • Length of the insurance policy
  • Change a joint life policy into a single policy or two separate ones
  • Reduce critical illness cover or remove it completely

Churchill Life Insurance Ratings

An excellent way to compare insurance providers is to check the ratings attributed by reputable, third-party companies that weigh up the pros and cons of services.

The research and rating firm Fairer Finance awarded Churchill the following ratings:

  • 68.50% for claims
  • 83.73% for complaints performance
  • 50.30% for transparency
  • 68% for customer experience

The financial information and rating company Defaqto awarded Churchill a 3 Star Rating for its Life Insurance with optional Critical 3 cover. The company also received a 5 Star Rating for its Over 50s Life Plan.

How Much Does Churchill Life Insurance Cost?

The cost of taking out a policy with Churchill Insurance depends on a range of variables. Like most providers, the company will factor in your age, medical history, occupation, and smoking status. It also depends on what type of coverage you want. Here’s an example quote:

A single-life, level-term insurance policy with a coverage of £150,000 over 25 years for a non-smoking 30 year old will cost around £8 per month. This figure does not include any optional critical illness cover or a joint-life policy.

The same application for a decreasing life insurance policy will cost around £6.80 per month.

The premium will go up if you are older, smoke, or are in a dangerous job. To get a definitive quote, get in touch with the provider and discuss your options.

Is Churchill Life Insurance Right For You?

Churchill Insurance offers a range of benefits that could make it the ideal provider. Here, we provide an overview of its services to hopefully help you decide whether Churchill is the right company for you.

  • Flexibility: Churchill allows you to choose a term policy period of between 3 to 50 years. Many companies aren’t that flexible with their coverage, so if this is an essential element for you, Churchill is a great fit.
  • Mortgage Guarantee: If you need to make a claim and the payout is less than what’s left of your mortgage, Churchill will cover the outstanding amount.
  • 24/7 Access to a GP: Policyholders are eligible for the company’s Smart Health Services for free, putting you and your family in touch with health professionals and giving you the ability to hold GP consultations over the phone.
  • Churchill is a specialist in coverage for over 50s: Many of the company’s benefits seem to cater to older customers.

As evidenced by this list, Churchill Insurance offers some great perks to its customers. Perhaps one of the downsides is that critical illness cover will cost you extra and that Churchill doesn’t have a countrywide network of physical branches. If you’re not confident with using online services, you might find it challenging to navigate their extensive website.

On the other hand, if you prefer to handle things online, you’ll benefit from Churchill’s operational method. You’re able to take out a policy, make changes and get professional help over the phone or through the company’s website.

The best way to ensure you’re getting the best policy for you is to get various quotes and compare prices and policies. Prices can differ massively between companies, so make sure to look for a good deal.

Defaqto ratings

Type Plan name Rating
Critical illness (decreasing) Life Insurance 3
Critical illness (level term) Life Insurance With Optional Critical 3 3
Critical illness (direct with life cover) Life Insurance With Optional Critical 3 4
Life assurance (direct) Life Insurance With Optional Critical 3 5
Life assurance (decreasing) Life Insurance 3
Life assurance (level term) Life Insurance With Optional Critical 3 3
Over 50s life assurance Over Fifties Life Plan 5
Defaqto ratings were reviewed on 01/10/2023