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Also known as Term Assurance this
product provides a fixed lump sum if you should die at any time during
the policy term. You can choose the number of years you wish the policy
to run or your age at which the policy ceases. The premiums you pay
can be reviewable (which are usually cheaper in the short term, but
likely to increase) or guaranteed not to change during the policy
term (more expensive initially, but in the long term, cheaper, as
premiums do not increase). You can choose either level or decreasing
cover. Level cover means that the level of cover is fixed over the
plan term and will not reduce. Decreasing life cover means that the
cover reduces over the term of your plan.
Click here for more details if
you require cover in conjunction with your mortgage (mortgage protection) |
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