Cheap life insurance usually means a policy with a relatively low monthly premium, often because it provides term cover for a set period rather than lifelong protection. The price can depend on your age, health, lifestyle, cover amount and policy length, so the cheapest option is not automatically the most suitable. Check what is covered, exclusions, premiums and whether the policy pays a lump sum if you die during the term. Compare FCA-authorised providers and consider regulated financial advice if you are unsure which type of cover fits your circumstances.