Beagle Street life insurance review

18 min Read Published: 03 Jun 2021

Beagle Street life insurance reviewBeagle Street life insurance is a supplier of life and critical illness insurance with a simple online application process that promises to make arranging these insurances quick and easy. In this article, we look at the products, service and aftercare provided by Beagle Street as well as how it compares against alternative life insurance providers.

We'll also show you how to buy Beagle Street life insurance and get up to £100 cashback when you do.

Who is Beagle Street?

Beagle Street is an online life insurance company underwritten by Scottish Friendly Assurance Society. It is a part of the BGL Group which also includes Compare The Market. It first started providing life insurance in 1992 as a way of solving the frustrations associated with long application turnaround times and laborious form filling. It continues to market its speedy online quote and application process amongst its key advantages.

Beagle Street is authorised and regulated by the financial services authority and all customers are protected by the financial services compensation scheme.

Defaqto rates Beagle Street life and critical illness insurance products with 3 stars indicating that it provides standard products with an average level of features and benefits.

Beagle Street Overview

Beagle Street provides a simple spread of options for life insurance and critical illness insurance. The products are good at the basic end of the market and include additional options such as early payment if you are diagnosed with a terminal illness and provide accidental death benefit whilst your application is being processed. Policies can be arranged on a single or a joint life insurance basis.

There are some worthwhile perks too in the form of a free will writing service, trusts arranged with your policy and a promise to search registers to ensure that payouts are matched with possible beneficiaries.

For customers with pre-existing health conditions, Beagle Street is less likely to accept your application. Beagle Street reduces its processing times by eliminating the need to request medical reports from your doctor or ask you to attend a medical. Wherever these would be needed as part of an application, Beagle Street tends not to offer cover even though most other life insurance companies would. Simple and low-risk health conditions can be underwritten by Beagle Street via Scottish Friendly Assurance Society and may be acceptable.

Beagle Street Policy Summary

Level Term Assurance Decreasing Term Life Insurance Critical Illness Insurance
Min age at entry 18 18 18
Max age at entry 64 64 64
Max age at expiry 79 79 79
Min number of years 5 5 5
Max number of years 40 40 40
Type of premium Guaranteed premiums that are fixed for the duration of the policy Guaranteed premiums that are fixed for the duration of the policy
Guaranteed premiums that are fixed for the duration of the policy
Ownership Joint & Single Joint & Single Joint & Single
Terminal Illness Benefit Included Included n/a
Accidental Death Benefit Included Included n/a
Additional Features
  • Free will writing service
  • Policies placed in trust
  • Bereavement counselling
  • Free will writing service
  • Policies placed in trust
  • Bereavement counselling
  • Free will writing service
  • Policies placed in trust
  • Bereavement counselling
  • Children's critical illness insurance - 25% of own CI insurance up to max £25,000 (added cost)
  • Additional less serious illness benefit - 25% of full cover up to max £25,000
  • Only available with life insurance

What is covered by Beagle Street Critical illness insurance and how does it compare?

Critical illness insurance pays out a lump sum of money if you are diagnosed with one of the illnesses listed within your policy and you meet the definition of that illness. Critical illness insurance varies from one insurance company to another so it is extremely important to check what you're covered for.

Beagle Street critical illness insurance provides very basic cover. Importantly, it does provide protection against diagnosis of Cancer, Heart Attack and Stroke. These are the 3 main reasons for claims against critical illness insurance policies so that makes the policy a reasonable purchase. It meets the Association of British Insurer's minimum standards for critical illness insurance.

However, the cost analysis further on in this article shows that the monthly premiums for Beagle Street critical illness insurance do not necessarily reflect the fact that it covers fewer illnesses than many other leading life insurance companies.

The children's critical illness is available at an increased monthly premium which can be seen as a positive and a negative when compared with policies that include this benefit as standard. It can mean that you are not paying for this benefit if you do not need it but equally, some may overlook it accidentally. Children's critical illness claims are amongst the top 5 reasons why anybody claims against their critical illness insurance which makes it an important consideration.

The age range covered by Beagle Street is at the basic end of the market. Beagle Street children's critical illness insurance covers your children from 30 days to 18 years old when some of the best policies will cover your children from birth until age 23.

Conditions covered by Beagle Street critical illness insurance (full payout)

Critical illness name The definition that must be met to make a valid claim
Alzheimer’s disease  - before age 65, resulting in permanent symptoms
Aorta graft surgery  - for disease or trauma
Benign brain tumour  - resulting in permanent symptoms
Blindness  - permanent and irreversible
Cancer  - excluding less advanced cases
Coma  - resulting in permanent symptoms
Coronary artery bypass grafts  - with surgery
Deafness  - permanent and irreversible
Heart attack  - of specified severity
Heart valve replacement or repair  - with surgery
Kidney failure  - requiring regular dialysis
Loss of hands or feet  - permanent physical severance
Loss of speech  - permanent and irreversible
Major organ transplant
Motor neurone disease  - resulting in permanent symptoms
Multiple sclerosis  - with current symptoms
Paralysis of limbs  - total and irreversible
Parkinson’s disease  - resulting in permanent symptoms
Stroke  - of specified severity
Third degree burns  - covering either 20% of the surface area of the face or body
Traumatic head injury  - resulting in permanent symptoms

Conditions covered by Beagle Street critical illness insurance (partial payout)

Additional Critical Illnesses The definition that must be met to make a valid claim
Low-grade prostate cancer
Carcinoma of the breast  - requiring surgery
Crohn’s Disease  - severe
Angioplasty  - double vessel
Ulcerative Colitis  - requiring surgery

NB: Additional critical illnesses can only be claimed once and only if the full critical illness has not been claimed. The payout is based on 20% of the full value of critical illness insurance up to a maximum of £20,000.

Beagle Street children's critical illness insurance

Children's critical illness insurance summary:

  • Cover for children aged 30 days to 18 years old
  • Child must have been your child's legal guardian before diagnosis
  • Conditions present at birth are excluded
  • 25% of full critical illness insurance value up to a max £25,000 will be paid
  • Only one claim per child
  • Does not affect the amount adult critical illness insurance available if claimed
  • Additional cost for this option
  • Child is covered for all full and additional conditions covered under the adult insurance
  • No additional child-specific illnesses covered

Is Beagle Street life insurance any good?

The life and critical illness insurance provided by Beagle Street is good but is basic compared with what is available across the rest of the market. If the monthly premium was lower to reflect the basic cover and few additional features offered, it may appeal to a cost-selective customer. However, this must be checked as the analysis at this time has shown that there are cheaper and better products available in the market.

It is always good to speak to an independent life insurance expert* as you will be able to compare products across the whole market as well as prices. They will do this for you so it takes all the work out of understanding where to save and spend your money to suit your personal concerns. Beagle Street products are included in this search.

Beagle Street customer reviews

Beagle Street is rated 4.7 out of 5.0 stars on independent review site Trust Pilot. It is ranked 102 out of 247 ranked companies in the Insurance Agency category and ranked 31 out of 38 ranked companies in the Life Insurance Agency category.

Beagle Street life insurance pros and cons

Pros

  • Up to £100 cashback when you apply
  • 10 minute application process
  • Free will service
  • Trust service
  • Bereavement counselling
  • 99.5% of claims paid (2019)

Cons

  • Customers with pre-existing health conditions may not be accepted except where these are minor
  • Cost does not reflect quality of the products at time of writing
  • Does not offer access to a virtual GP, health

Beagle Street free will service:

Beagle Street's free will service is only for UK residents who have purchased a life insurance policy with Beagle Street. it is free for simple and joint mirror wills. Costs for any complexity beyond the offer would be charged to the customer.

How much does Beagle Street life insurance cost?

In order to understand the real value provided by Beagle Street we looked at the cost of £250,000 of life insurance over 25 years as well as £250,000 of life insurance including £50,000 of critical illness insurance. We compared the prices for non-smokers and smokers with the best price available through an independent specialist broker* and have shared our findings below.

It is worth pointing out that the cheapest broker price that included critical illness insurance provided a better quality of critical illness insurance than the Beagle Street product in every example. This means that the cheapest equivalent policy covered a larger number of illnesses as well as those illnesses that would be considered less serious.

£250,000 of level term assurance over 25 years for a non-smoker

Age Beagle Street Monthly Premium Cheapest equivalent monthly premium Monthly saving using a broker Total saving using a broker over 25 years
30 year old £13.21 £8.73 £4.48 £1,344.00
40 year old £30.68 £15.21 £15.47 £4,641.00
50 year old £63.67 £40.55 £23.12 £6,936.00

The costs indicated above are based on a person with no medical conditions and no family history of any serious medical conditions. If you do a risky job or partake in dangerous sports or hobbies, this may also affect the cost of your life and critical illness insurance. 

£250,000 of level term assurance with £50,000 of critical illness cover over 25 years for a non-smoker

Age Beagle Street Monthly Premium Cheapest equivalent monthly premium Monthly saving using a broker Total saving using a broker over 25 years
30 year old £28.48 £22.81 £5.67 £1,701.00
40 year old £62.87 £45.25 £17.62 £5,286.00
50 year old 127.81 £90.24 £37.57 £11,271.00

The costs indicated above are based on a person with no medical conditions and no family history of any serious medical conditions. If you do a risky job or partake in dangerous sports or hobbies, this may also affect the cost of your life and critical illness insurance. 

£250,000 of level term assurance over 25 years for a smoker

Age Beagle Street Monthly Premium Cheapest equivalent monthly premium Monthly saving using a broker Total saving using a broker over 25 years
30 year old £22.95 £14.04 £8.91 £2,673.00
40 year old £71.80 £35.09 £36.71 £11,013.00
50 year old £198.76 £108.28 £90.48 £27,144.00

The costs indicated above are based on a person with no medical conditions and no family history of any serious medical conditions. If you do a risky job or partake in dangerous sports or hobbies, this may also affect the cost of your life and critical illness insurance. 

£250,000 of level term assurance with £50,000 of critical illness cover over 25 years for a smoker

Age Beagle Street Monthly Premium Cheapest equivalent monthly premium Monthly saving using a broker Total saving using a broker over 25 years
30 year old £41.23 £36.97 £4.26 £1,278.00
40 year old £115.01 £79.61 £35.40 £10,620.00
50 year old £284.37 £172.49 £111.88 £33,564.00

The costs indicated above are based on a person with no medical conditions and no family history of any serious medical conditions. If you do a risky job or partake in dangerous sports or hobbies, this may also affect the cost of your life and critical illness insurance. 

Best way to buy Beagle Street life insurance

If you wish to purchase life insurance or critical illness insurance with Beagle Street you can do this by visiting comparison sites, the Beagle Street website or through a specialist life insurance broker that includes Beagle Street within their searches.

Those who know exactly what they need and want to buy and do not wish to speak to someone to go through an advised process may prefer to visit the Beagle Street website. The website is clear and simple to use allowing you to choose the different parameters for your life insurance before you complete an application form online. If you have pre-existing health conditions or you or your immediate family have suffered ill health historically, this process is less likely to be the most suitable for you.

On the other hand, you can speak with a life insurance specialist* who can search the whole market including Beagle Street to offer you the best rates for your life insurance as well as show you where more comprehensive cover is available at a similar or cheaper monthly premium. Additionally, if you arrange your life insurance by speaking to a specialist, you will receive up to £100 cashback.

 

If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. The following link can be used if you do not wish to help Money to the Masses and do not wish to qualify for the cashback referred to in the article - LifeSearch