Covering the protection spectrum
                                      to put you at ease

           Covering the protection spectrum
                                      to put you at ease

Life Protection

 

Term life Insurance
 

This is the cheapest, most basic form of life insurance. It covers you for a fixed period and pays out a one off lump sum if you die during the policy. With some term insurance policies you can add on additional options, like critical illness cover. If you do add on critical illness cover, the plan will pay out once the diagnosis of a qualifying critical illness or if you die during the term of the policy. 

 

Decreasing Term Insurance

Decreasing term life insurance covers you for a set term and pays out a lump sum if you die during the policy term. The amount of cover decreases over the term of the policy and is usually designed to tie in with the outstanding amount on your repayment mortgage. As the life cover reduces the monthly premium remains constant over the term of the policy. With some policies you can add on additional options, like critical illness cover. If you do add on critical illness cover, the plan will pay out either on diagnosis of a qualifying critical illness or if you die during the period of the policy.

 

Whole of Life Insurance

Whole of Life Insurance cover is for the whole of your life. Unlike term insurance, which only pays out if you die during the term policy term. Whole of life insurance always pays out, it is guaranteed that the policy will pay out upon your death. 

 

Family Income Benefit

This type of cover, gives your loved ones a regular income not a lump sum. But the income is only paid for the term of the policy, so the nearer the end of the policy you die, the fewer years it pays out for. Premiums will depend on the sum to be insured, the period of insurance cover, your age, your sex and whether you smoke or not. A non smoker is usually defined as someone who has not smoked for at least twelve months. Additional options can be added to increase the level of cover, although this in turn increases the premiums.

 

*Policies are subject to terms and conditions and all premiums must be paid in full and on time