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Co-Op Life Insurance

Co-op Life insurance is cover designed to pay out money if you pass away. It could also cover you if you develop a terminal illness and are expected to survive for less than 12 months.

Get a Co-op Life Insurance quote today…


Get a quick quote for Co-op life insurance today and protect the ones you love. Affordable Co-op life insurance is just a click away. You can get covered with the best value life insurance in minutes and with no forms or medicals.

Why Co-op Life Insurance?

Co-op Life Insurance has a variety of different features including:

Payment holidays
We give you the option to take a payment holiday, once you’ve had your policy for 12 months. You can take two breaks of up to six months over the lifespan of the policy*.

Money for your loved ones
The pay-out or monthly income could go to any of your dependents such as a partner, your children or anyone else who depends on you financially.

Fixed monthly payments
You pay a fixed amount each month, this could be as little as £7 per month. Monthly payments depend on amount, length, type of cover and your personal circumstances.

Level cover explained
On a level cover life insurance policy, the payout amount stays the same for the length of the policy, as does how much you pay each month.

You choose your payout amount and term length when­ you take out your policy. The payout amount won’t increase in line with inflation and neither will your monthly payments.

For example, if you set your policy term to 30 years and the payout amount to £200,000, if you passed away anytime in those 30 years, your loved ones would receive £200,000.

It doesn’t matter if you died in the last year or the first year of the term, the payout would still be £200,000.

A level cover life insurance policy can be used by homeowners to cover a mortgage or any other fixed debt. The payout could also be used to help support any dependants in the future.

You might consider level cover life insurance if you want to:

  • cover an interest only mortgage
  • cover a fixed debt
  • leave a monetary gift to a loved one

Decreasing cover explained
Optional Serious Illness Cover
Serious Illness Cover is an optional extra that you may be able to add to your life insurance. If you choose to add it, you’ll pay an extra premium for this. You can’t have this cover on its own.

Serious Illness Cover is designed to pay out an amount of money if you develop one of the illnesses we cover. You’ll receive a set amount of money if you’re diagnosed with any of the following illnesses:

  • cancer
  • heart attack
  • multiple sclerosis
  • benign brain tumour
  • stroke
  • dementia

The amount you’re covered for is called the serious illness pay-out. This can’t be less than £1,000 and the most we’ll cover you for depends on your age.

Helping you make sound
financial decisions

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Losing a loved one is never easy…

but having life insurance in place can ease the financial burden at an emotionally difficult time. Our team of protection specialists can help you find the RIGHT policy at the RIGHT price. We even help you put your policy into TRUST for FREE which could protect it from the TAXMAN. Simply fill out the form and we will get everything ready and start preparing your quotes.

Ask Yourself:

  • Who would pay the rent or mortgage if you were to pass away suddenly?
  • Who would pay your children’s university fees or provide money for childcare whilst your surviving partner goes out to work?
  • Who would provide the money for your family’s food, clothing or lifestyle?
  • Who would pay for your funeral or clear your debts?

These are just a few things to think about when obtaining life insurance. If you pass away the policy will pay out a lump sum to your family, loved ones or whomever you choose to get the money. This can be used to secure the financial future of your loved ones meaning they would not have to struggle in the event of your death.

We don’t talk to people like they’re just a number

Our expert advisers help people make informed decisions through expert financial advice.

Get Covered in 3 Easy Steps


Tell us how much money you would need to financially protect your loved ones


We will call you to discuss your options and provide comprehensive free quotes


You decide which policy to take and get protected today with no medicals or forms

We Provide Complete Cover For:

Life Insurance

Make sure your family have financial security in the event of your passing…

Income Protection

Protect your income if you’re unable to work due to illness or injury…

Critical Illness

Get a lump sum payment if you’re diagnosed with a serious illness…

Enjoy Life Insurance with Rewards

You can use InsuredLife Rewards in hundreds of retailers across the UK, including all the major high street names. The benefits packages available include Digital Vouchers, Re-loadable Gift Cards, Online Cashback and Online offers.

Get covered today and access your rewards…

Frequently Asked Questions

The Financial Conduct Authority

The FINANCIAL CONDUCT AUTHORITY (FCA) – is a financial regulatory body in the United Kingdom, but operates independently of the UK government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

The Financial Conduct Authority | 12 Endeavour Square London E20 1JN

Insured Life is a trading name of PBS & Co (UK) Limited (FCA Registration Number: 732728).

PBS & Co (UK) Limited 19 Oxford Road, Bournemouth, England, BH8 8GS United Kingdom.

Whose Products Do We Sell?
  • We offer products from a range of insurers for life insurance and critical illness cover.
  • We offer protection products from a limited number of insurers for Whole of Life and Over 50s plans. A list of insurers we offer insurance from is available on request.
  • As we’re not tied to any ONE provider we are able to search our panel of insurers and find you the best price available to us.
  • We sometimes get preferential rates on selling policies which we pass on to you.
  • We are paid a commission by each insurer for setting up your policy – it costs you nothing to use our service.
What Service Do We Offer?
  • We are authorised by the FCA to advise our client on their protection needs. Our advisers will assess your demands and needs and recommend a suitable product that will protect you and your family. We get to know our clients and help them to decide on the right cover for the right price from a panel of leading UK insurers.
  • We will ask you a number of questions designed to make you think about the shortfall in your income in the event of the death of a partner or breadwinner. Our questions are simple and our advisers avoid jargon making it easy for clients to understand.
How Much Does Our Service Cost?
  • NOTHING – We do not charge a fee for our service; however, if you take a policy out through us we will be paid by commission from the insurer, but it still costs you nothing.
  • You will receive a quotation which will tell you about any policy premiums relating to any particular insurance policy.
  • We will put your life insurance policy into TRUST for FREE – this means that it may not be counted as part of your estate when you pass away and could secure it from the taxman – why should you lose your payout to the taxman’s inheritance tax?
Who Regulates Us?

Insured Life is a trading name of PBS & Co (UK) Limited who are authorised and regulated by the Financial Conduct Authority (FCA) for insurance mediation under the firm license number: 732728

Our permitted business is administering and arranging general insurance contracts. You can check this on the FCA’s Register by visiting the FCA’s website.

PBS & Co (UK) Limited 19 Oxford Road, Bournemouth, England, BH8 8GS.

Have a Complaint?
  • If you wish to register a complaint, please contact us:

    In writing: PBS & Co (UK) Limited | C/O InsuredLife Complaints Department.

    19 Oxford Road, Bournemouth, England, BH8 8GS United Kingdom.
    By Telephone: 0800 037 3000

    If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service. Please ask us for more information.

Are We Covered by the Financial Services Compensation Scheme?
  • We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

    Insurance advising and arranging is covered for 90% of the claim with no upper limit.

    Further information about compensation scheme arrangements is available from the FSCS.