What is life insurance?
It’s a policy that insures your life so you have the comfort of knowing that if you pass away, you’ve taken care of the people you leave behind.
How to get our life insurance
We believe that getting insurance should be as simple as ordering a takeaway, and as pioneers of fully digital insurance in the UK, that’s what Eleos does.
You can apply and get accepted in minutes and it’s all done online, without ever having to speak to an agent. All you need to do is:
Answer a few questions to check that you qualify
Choose your level of cover and how much you’ll pay
Get approved in minutes
Manage your policy online in your personal dashboard
If the worst happens, your policy will pay out to whoever you’ve chosen as your beneficiary.
Benefits of life insurance
A life insurance policy can give your loved ones what they need to:
Cover mortgage payments and rent
Make up for the loss of your income
Meet the household bills
Pay education fees
Provide savings
Take care of funeral costs
It may be painful to think about, but pain today means protection for tomorrow.
What does life insurance cover?
Eleos life insurance is designed to cover you if you pass away in virtually any circumstances*. You choose how much you want your dependants to receive and if you die, that’s what they’ll get.
How much cover do you get?
Up to £500,000 with a minimum of £10,000.
How does the policy pay out?
The policy pays out in a lump sum.
Is my insurance pay-out taxable?
Inheritance tax can be avoided if the policy is in trust.
Is terminal illness cover included?
Yes, your policy pays out if you’re diagnosed with an illness that will end your life in the next 12 months.
How to choose your life insurance policy
There are lots of options to suit different needs
Insures your life so that if you die your policy pays out to the person(s) of your choosing.
Covers you and someone else together, so if either one of you dies, the policy pays out.
Why choose us for life insurance?
Because we make it easy to buy a policy and manage it online.
Not only can you set it up online in minutes, without dealing with agents - once you’ve joined the Eleos club you’ll get much more than insurance:
Cashback every time you buy from popular brands
24/7 remote access to GPs
Free mental health support service
Here’s what our customers say:
FAQs
Some people base their cover amount on their annual salary multiplied by the number of years they want their families to be supported, balancing their needs with affordability.