Life Cover
Overview, product details

Our Life Cover pays out when:

• the person covered dies or
• the person covered is diagnosed with a terminal illness

Key features:

• Only 1 standard exclusion
• Mortgage repayment guarantee option
• Joint life separation option
• Joint life reinstatement option
• Instant cover
• Helping Hand

When the joint life separation option can be used:

If the people covered take out a joint plan to cover a mortgage and then separate, this option allows them to change the plan into 2 single life plans. They can do this if they rearrange their mortgage to be in one name or if either of them takes out a new mortgage on a new house.

When the joint life reinstatement option can be used:

When a joint cover has been cancelled because one of the people covered has made a claim, the option allows the other person covered to reinstate their cover. There is no charge for this option.

Designed to look after your client and their family, personally

Our unique Helping Hand service provides much needed support to help your client and their family cope with the devastating effects that critical illness and death can have. It also gives you the opportunity to offer a unique value-added service.

Exclusions

We won't pay a claim if:

• your client is diagnosed with a terminal illness in the last 12 months of the plan, or
• if it’s the result of any excluded cause shown on the cover summary

Decreasing cover can be:

• decreasing monthly at a rate of interest chosen by your clients (between 0 and 15%)
• decreasing in line with the mortgage repayment guarantee

Increasing cover can be:

• a fixed rate between 2% and 5%
• a rate based on the change in retail price index (between 2% and 10%)

Still got a question? Read the product FAQs