Features and benefits

What we cover

Mortgage life insurance types and options

Choose between level term or decreasing cover

Level term assurance

Your cash lump sum value remains the same over the length of the policy, unless you choose to alter it.

Designed to help protect an interest only mortgage.

Decreasing term assurance

Your cash lump sum value decreases over the term of the plan roughly in line with your mortgage debt.

Designed to help protect a repayment mortgage.

Get the right level of cover

You may want cover that will simply help pay off the mortgage, or you may decide your dependants will need some extra money on top. So you may want to take out additional cover to provide a lump sum greater than your outstanding mortgage. 

This is not a savings or investment product and has no cash value unless a valid claim is made. Please refer to the Key Features Document for further details. Exclusions and limitations apply.

Extra cover options

When you apply for a life insurance policy, if eligible, you can choose to add on extra cover options, for added peace of mind and protection.

Waiver of premium:
Pay a little extra to cover yourself if you can't work. This benefit pays your premiums if you become too ill to carry out your normal occupation for 26 weeks or more due to incapacity caused by illness or injury.

You can also add Critical Illness Cover

Critical Illness Cover provides protection if you are diagnosed as critically ill. The policy pays out your chosen amount of cover if you're diagnosed with one of the specified illnesses and are eligible to claim during the length of the policy. You can apply for this with your Life Insurance policy at the same time.

More about Critical Illness Cover.

You may also be interested in...

Life insurance

With life insurance you can take steps to make things easier for your family if you die during the length of the policy.

Critical Illness Cover

Critical illness could happen to any one of us. If it does, Critical Illness Cover could help to minimise the financial impact on you and your loved ones.

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