Life assurance

Level Term Life Insurance
You choose the amount of cover you want and how long you would like the policy to run for. If you die during the policy term your insurer will pay the amount you are covered for. 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.

Mortgage Protection 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 and is calculated to be enough to equal the capital outstanding under a normal repayment mortgage. 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.

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 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.

Mortgage Protection 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 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 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.

Waiver of premium 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.

Protecting your mortgage
If you are looking to repay your mortgage in the event of death or earlier critical illness then the amount of cover you arrange needs to equal at least the amount you have outstanding with your lender.

Protecting your family
If you have someone that is financially dependent on you then life and/or critical illness insurance can help you ensure that if you die or suffer a critical illness they will be financially secure.

We suggest that you look at how much your dependants might need a year to live on (excluding your mortgage if you already have cover for this). You will then need to consider how many years they might need the cover for.

For example they may need £10,000 a year for 10 years and therefore you could decide that £100,000 is the right amount of insurance.

Click here to lauch the 'Cover Calculator' to help you consider how much cover you need to arrange