Life insurance for property managers
Property managers and block managers handle significant responsibilities for their clients — from maintenance coordination to lease management. Life insurance ensures that your family is financially protected regardless of your professional obligations. Personal protection is separate from any professional indemnity or business insurance you hold.
How much does life insurance cost for property managers?
Property managers are classed as standard risk by most UK life insurers. A healthy non-smoking 35-year-old property manager can typically get £200,000 of level term cover for £12–£22/month.
How much life insurance do property managers 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 property managers 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 property managers, 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
Property managers are classed as standard risk by most UK life insurers. For most property managers, 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.