Life Insurance Policies Explained

Level term life insurance

means that the insurer will take over the premium payments 6 months after you become unable to work following an accident or illness. This means the cover continues free of charge to the policyholder during extended periods of disability. The waiver of premium claim stops when you are assessed as fit to return to work.

Amount of cover (also called total sum assured)

This is the total value of the policy which will be paid in the event of death.

Level Term Life & Critical Illness Insurance

• You choose the amount of cover you want and how long you would like the policy to run for
• If you die or are diagnosed with an earlier critical illness during the policy term your insurer will pay the amount you are covered for.
• The types of illness covered are Heart Attack, Stroke, Cancer and Multiple Sclerosis (the full list of illnesses covered are detailed by the insurers in their key feature document which is available on request).
• If you set up a joint policy (one policy to cover two people) the amount of cover is paid out if either person claims.
• The policy usually stops when a claim has been paid.
• These policies have no cash in value at any time

Mortgage Protection Life & Critical Illness

• You choose the amount of cover you want and how long you would like the policy to run for.
• The amount of cover reduces each month during the policy term and is calculated to be enough to equal the capital outstanding under a normal repayment mortgage.
• If you die or are diagnosed with an earlier critical illness during the policy term your insurer will pay the amount you are covered for.
• The types of illness covered are Heart Attack, Stroke, Cancer and Multiple Sclerosis (the full list of illnesses covered are detailed by the insurers in their key feature document which is available on request).
• If you set up a joint policy (one policy to cover two people) the amount of cover is paid out if either person claims.
• The policy usually stops when a claim has been paid.
• These policies have no cash in value at any time

Terms and conditions apply. [Before applying for a policy you will receive a key features document which contains more details on the policy].