Access Keys

Protection for Life: Life Cover

  1. Overview
  2. In detail
  3. Cover options
  4. Best Doctors
  5. FAQs
  6. Apply
  7. Get a quote
  8. How to claim

Life Cover – protect what’s important

You never know what life has in store, so you will want to know that your family are financially protected should something happen to you. Life Cover, available under our Protection for Life plan, can help provide financial protection, such as helping to pay off a mortgage, when your family might need it most.

  • Life Cover can pay out a cash sum if you are diagnosed with a terminal illness or you die during the term of the policy.
  • You have various cover options, including decreasing cover, which can help pay off a repayment mortgage, or level cover to help with an interest-only mortgage.
  • You can choose to take out Critical Illness with Life Cover, which means you will also be covered if you are diagnosed with one of the critical illnesses that we cover during the term of the policy.
  • You can use the Best Doctors service at no extra cost, giving you access to leading medical specialists for a second opinion.

Protection for Life is a flexible product that can be easily adapted to meet your changing protection needs. Life Cover offers the flexibility to choose the right benefit to help pay off your mortgage should you die. As this is possibly one of the largest investments you’ll make in your life it’s comforting to know that you’ll have cover in place to help pay your mortgage if the worst happens.

Important Notes

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.