to get a comparative quotation

Term assurance guarantees a tax-free lump sum if the life assured dies within the specified period in return for a fixed monthly or annual premium. 

Should a critical illness option be selected a tax free lump sum is guaranteed if the life assured becomes critically ill or dies within the term of the policy which ever comes first.

How does it work?

• You decide on the amount of cover you need, this is known as the ‘sum assured’.
• The sum assured will stay the same throughout the term of your plan unless you increase the amount of cover.
• You decide on the length of time for which you want to be covered, known as the ‘term’,
• You pay a regular premium.  The amount you pay is worked out according to a number of factors such as your age, state of health, sex, term of contract and any options selected. 
• If you have included critical illness cover, the premium may increase in some cases if you change your occupation
• At the end of the term the policy finishes and there is no maturity value.
• If you terminate the policy during the term, there is no encashment value.

to get a comparative quotation

Mortgage Protection Cover

Mortgage protection (decreasing term) assurance is a life assurance which pays out a variable (decreasing) lump sum of money if you die during the term of the contract. It is designed to help protect your dependents against the burden of a repayment (capital & interest) mortgage in the event of your death.

Mortgage protection (decreasing term) assurance guarantees a tax free variable (decreasing ) lump sum if the life assured dies within a specific period in return for a fixed month or annual premium.

Should a critical illness option be selected a tax free lump sum is guaranteed if the life assured becomes critically ill or dies within the term of the policy which ever comes first.

How does it work?

• The amount of your repayment (capital & interest) mortgage is the amount of cover you will need, this is known as the sum assured.
• The sum assured decreases throughout the term of your plan in line with the amount owed on your mortgage.
• You pay a regular premium.  The amount you pay is worked out according to a number of factors such as your age, state of health, sex, term of contract, assumed maximum mortgage interest rate and any options selected.
• The rate you pay can be fixed and will remain constant throughout the term although the level of cover will reduce during that term.
• If you include critical illness cover, the premium may increase in some cases if you change your occupation. The level of cover will decrease in line with the decrease in the life sum assured.
• At the end of the term the policy finishes and there is no maturity value.
• If you terminate the policy during the term, there is no encashment value.