Type of Cover?

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.
• The amount of cover remains the same throughout the policy term. 
• If you die or are diagnosed with an earlier critical illness during the policy term your insurer will pay the full sum assured you selected at the start of the policy.
• The types of illnesses covered are Heart Attack, Stroke, Cancer and Multiple Sclerosis (the full list of illnesses covered are detailed by the insurers in their key features document which is available on request).
• If you set up a joint policy (one policy covering two people) the amount of cover is paid out on the first claim.
• The policy stops when a claim has been paid.
• These policies have no cash in value at any time.

Level Term Life Insurance

• You choose the amount of cover you want and how long you would like the policy to run for.
• The amount of cover remains the same throughout the policy term
• If you die during the policy term your insurer will pay the full sum assured you selected at the start of the policy.
• If you set up a joint policy (one policy to cover two people) the amount of cover is paid out on the first death.
• The policy stops when a claim has been paid.
• These policies have no cash in value at any time.

Decreasing Term Life Insurance

• 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.
• If you die during the policy term your insurer will pay the calculated amount of cover at that time.
• If you set up a joint policy (one policy to cover two people) the amount of cover is paid out on the first death.
• The policy stops when a claim has been paid.
• These policies have no cash in value at any time.

Decreasing Term Life Insurance & Critical Illness Insurance

• 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.
• If you die or are diagnosed with an earlier critical illness during the policy term your insurer will pay the calculated amount of cover at that time.
• The types of illnesses covered are Heart Attack, Stroke, Cancer, and Multiple Sclerosis (the full list of illnesses covered are detailed by the insurers in their key features document which is available on request).
• If you set up a joint policy (one policy covering two people) the amount of cover is paid out on the first claim.
• The policy stops when a claim has been paid.
• These policies have no cash in value at any time.

Level Term Critical Illness Insurance

• You choose the amount of cover you want and how long you would like the policy to run for.
• The amount of cover remains the same throughout the policy term. 
• If you are diagnosed with a critical illness during the policy term your insurer will pay the full sum assured you selected at the start of the policy.
• The types of illnesses covered are Heart Attack, Stroke, Cancer and Multiple Sclerosis (the full list of illnesses covered are detailed by the insurers in their key features document which is available on request).
• Some Critical Illness plans cover children
• If you set up a joint policy (one policy covering two people) the amount of cover is paid out on the first claim.
• The policy stops when a claim has been paid.
• These policies have no cash in value at any time.

Decreasing Critical Illness Insurance

A Decreasing Policy would typically be used to protect a Repayment type mortgage, as the amount of cover reduces each month over the term of the policy, broadly in line with the reduction of your mortgage balance.

• 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.
• If you are diagnosed with a critical illness during the policy term your insurer will pay the calculated amount of cover at that time.
• The types of illnesses covered are Heart Attack, Stroke, Cancer, and Multiple Sclerosis (the full list of illnesses covered are detailed by the insurers in their key features document which is available on request).
• Some Critical Illness plans cover children
• If you set up a joint policy (one policy covering two people) the amount of cover is paid out on the first claim.
• The policy stops when a claim has been paid.
• These policies have no cash in value at any time.

Non Investment Whole of Life Assurance

• You choose the amount of cover you want.
• With a Level policy, the amount of cover remains the same until you die.
• With and Index-linked policy, the amount of cover generally increases in line with inflation.
• If you set up a joint policy (one policy covering two people) the amount of cover can be set up to pay out following the death of either the first or second person.
• The policy stops when a claim has been paid.
• These policies have no cash in value at any time.