Life Insurance
Affordable Life
The one you get to take care of your loved ones.
From £0.60/month*
- Cover from £10,000 to £100,000
- No medical exam required
- Apply in under 5 minutes
Ocean rated Exceptional on Feefo with over 6,276 reviews.
What is life insurance?
Life insurance is a simple way to provide financial support for the people you care about if you're no longer around.
Select an amount of cover and how long you want to be protected for. If you pass away during this time, your loved ones will receive the cover amount, giving you peace of mind they are protected and can:
- Cover any daily or emergency expenses
- Pay off debts (like your mortgage)
If you're diagnosed as terminally ill with less than 12 months to live, we'll pay out your cover early to help support you and your family when you need it most.
Affordable Life is a term life insurance which can run for a maximum of 20 years or until your 60th birthday, whichever is sooner.
How our life insurance works
Affordable Life insurance is designed to be as straightforward as possible:
- Answer some simple questions about yourself
- Choose an amount of cover between £10,000 and £100,000
- Decide how long you want the policy to last
- Review your quote
- Set up your monthly payments
- If you pass away during the policy term, the full amount of cover is paid to your beneficiaries
It’s important to know that if your cover ends while you’re alive, you won’t receive your cover amount. It’s only paid out to your loved ones in the event of your passing.
What our life insurance covers
Affordable Life insurance provides two main benefits:
Death Benefit
If you pass away during your policy term, we'll pay the full sum to your chosen beneficiaries
Terminal Illness Benefit
If you're diagnosed as being terminally ill with less than 12 months to live, we'll pay your cover out early
Your beneficiaries receive a lump sum payout
...providing financial support when it's needed most.
Are you eligible?
Getting covered with Affordable Life is easy. You can apply if you:
- Are between 18 and 55 years old
- Live in the UK
- Need cover until you're 60 or younger
- Need cover for a maximum of 20 years or until your 60th birthday, whichever is sooner.
You don't need any medical exams – just answer three health questions honestly. Most people can get covered, even with common health conditions.
Do you need life insurance?
Life insurance helps make sure your loved ones aren't left with money worries. You might want to think about Affordable Life if:
- Your family depends on your income
- You want to cover your funeral costs
- You have debts you wouldn't want to leave to others
- You would like to leave some money to help your family adjust
- You want affordable life protection
How can we help?
As an example, if you were a 35-year-old non-smoker, you could get £25,000 of cover over 20 years for just £3.93 a month!
How can we help?
As an example, if you were a 35-year-old non-smoker, you could get £25,000 of cover over 20 years for just £3.93 a month!
How to get a life insurance quote
Getting a quote for Affordable Life is quick and easy:
Most people can get a quote in under 5 minutes!
Here's why Ocean Finance is the right choice
- Exceptional customer service. With over 30 years of experience in finance and more than 5,000 five-star reviews on Feefo, you're in safe hands.
- We keep things simple. No complicated jargon or confusing options – just straightforward cover that's easy to understand.
- Do it all online. Apply from your sofa – no paperwork, no phone calls.
- Your price stays fixed. Your monthly payment never goes up, no matter what happens.
- No medical tests. Get cover without any medical examination – just a few simple health questions.
Policy Documents
Make sure you read these documents carefully to understand your policy's terms:
This product is underwritten by 1Edge Insurance PCC Limited acting on behalf of its cell, 1Edge Insurance Cell 2 ("1Edge”) and is licensed to carry on international long-term insurance business by the Guernsey Financial Services Commission ("GFSC") with GFSC reference number: 2771296.
Ocean and Ocean Finance are trading styles of Intelligent Lending Limited © 2025. Registered in England and Wales. Registered Office: White Collar Factory, 1 Old Street Yard, London, EC1Y 2AS. Company Registration No. 4291279. Authorised and regulated by the Financial Conduct Authority (FCA registration number 310069). https://register.fca.org.uk/
Intelligent Lending Ltd will act as an agent of the customer, receiving a commission for the service.
The policy, customer service and claims will be managed by Uris Group Limited. Copyright © Ocean Finance 2001-2025. All rights reserved.
Got questions?
Affordable Life is a term life insurance policy, which means it runs for a specific period that you choose when you take out the policy. If you're still alive when the policy term ends, no money is paid out and your cover simply comes to an end.
For questions about your application (signing up, technical issues, feedback, or general inquiries about our service), you can contact us at Ocean. For questions about an existing policy (claims, coverage details, or billing), you can contact URIS Group Limited, who will be managing your life insurance plan. You can find their contact details in the policy documents linked above, or in your welcome email.
Premiums are generally lower the younger you are, and if you're in good health. Major life events like buying a home, getting married, or having children are ideal times to take out a policy. But even if none of these apply to you, having cover in place gives you peace of mind that your loved ones won't face financial struggles if something happens to you.
Yes, you can have multiple life insurance policies at the same time. Just make sure you can comfortably afford all your monthly premiums.
Absolutely! You can cancel your Affordable Life policy whenever you want. If you cancel within the first 30 days, we'll refund the premium you've paid in full. After this 30-day cooling-off period, you won't get a refund for payments you've already made.
Last updated
Reviewed by: Matt Waller
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