Life insurance for paralegals
Paralegals are essential to the legal sector, supporting solicitors and barristers across all areas of law. Whether employed at a law firm or working independently, life insurance ensures your family is financially protected. Personal life insurance is especially important if employer death-in-service benefits are limited.
How much does life insurance cost for paralegals?
Paralegals are classed as preferred or standard risk by most UK life insurers. A healthy non-smoking 35-year-old paralegal can typically get £200,000 of level term cover for £12–£22/month.
How much life insurance do paralegals need?
A common starting point is 10 times annual salary, plus enough to cover your outstanding mortgage. Consider your dependants, any outstanding debts, and whether a partner's income alone would cover household costs.
Should paralegals also consider income protection?
Yes — life insurance only pays on death. Income protection covers you if illness or injury prevents you from working while you're alive. For most paralegals, the probability of a long-term illness during your working life is significantly higher than dying. Both products are important parts of a complete financial plan.
Writing your policy in trust
Always consider writing your life insurance in trust. This ensures the payout reaches your beneficiaries quickly without going through probate, and keeps it outside your estate for inheritance tax purposes. It's free to set up.
Frequently Asked Questions
Paralegals are classed as preferred or standard risk by most UK life insurers. For most paralegals, premiums are primarily driven by age, health, and smoking status.
Yes — always disclose your occupation accurately. Some high-risk roles may affect premiums or exclusions.
Most people choose a term that lasts until their mortgage is paid off and their children are financially independent — typically 20–30 years.