Protection for Life: Critical Illness with Life Cover

Critical Illness with Life Cover overview

Critical Illness with Life Cover is one of the benefits under our Protection for Life Plan. It can provide a cash sum to help you and your family if you were to die, be diagnosed with a terminal illness or specified critical illness within the policy term. Critical Illness with Life Cover provides cover for a specific time, the 'policy term', that you choose at the start of the policy.

Features & benefits

• Pays out the benefit amount as a cash sum if, during the policy term,
  • you die,
  • you are diagnosed with a terminal illness, or
  • you are diagnosed with a critical illness that meets definitions as outlined within our policy provisions
• If you select a single cash sum, the “benefit amount” can be level, increasing or decreasing over the policy term
• If you select a monthly cash sum, these can be payable on a level or increasing basis
• Able to apply to change the level of cover once the policy is set up, add a partner or change the policy term
• Choose to have a single person or joint person plan
• Children’s Critical Illness Cover is automatically included
• You can choose to put the policy in trust
• You receive access to the Best Doctors service

Eligibility

• You must be a UK resident (meaning England, Wales, Scotland, Northern Ireland but not the Isle of Man or the Channel Islands)
• You must have a UK bank account 
• Minimum age at start 18
• Maximum age at start 64

The policy has no cash-in value at any time.

If you don’t pay your premiums on time your cover will stop, your benefit will end and you’ll get nothing back.

The policy will end if we pay out the benefit amount but if the benefit amount has not been paid out by the end of the selected term, the policy will end and you’ll get nothing back.

If the benefit is to cover a repayment mortgage, we will decrease the benefit amount each month assuming a fixed rate of interest of 10% a year. There may be insufficient funds to repay the loan if the interest rate on the mortgage exceeds 10% or the loan is increased or extended.

Critical Illness with Life Cover in detail