Insurance for life's unexpected events
Decreasing Term Assurance
Decreasing term assurance, sometime referred to as mortgage protection, is designed to pay off your mortgage in full should you die prematurely during the term of the policy.
It's suited to borrowers with repayment mortgages. Decreasing term means the sum assured (ie the payout) reduces over the mortgage term in line with the outstanding mortgage balance.
Learn more about how decreasing term assurance works.
Level Term Insurance
Level term insurance is ideally suited to borrowers with interest-only mortgages.
It pays the fixed sum assured, usually set at the same amount as the original mortgage loan. Should the policyholder die at any point during the term, it ensures the mortgage can be paid off in full.
Read our jargon-free guide to level term life insurance cover.
Critical Illness Cover
Critical Illness Insurance pays a tax-free lump sum should the insured person be diagnosed with a severe illness like cancer, heart attack or stroke.
It will often cover other severe medical conditions. For example, loss of a limb, Parkinson's disease, Motor Neurone disease or blindness.
It can be bought as a standalone product or combined with a term life insurance policy. Find out more about Critical Illness Cover.
Income Protection Insurance
Income Protection is widely used by the self-employed. It provides a monthly tax-free income should illness or injury prevent the policyholder from working.
Our guide to income protection for the self-employed explains the features and benefits in more detail.
Family Income Benefit
Family Income Benefit is a type of life insurance designed to help those left behind if you pass away unexpectedly.
It replaces lost income giving your partner and your children financial security should the worst happen. Read our in-depth guide to family income benefit for more information.
Buildings & Contents Insurance
Buildings insurance is mandatory for anyone taking out a mortgage, as it provides protection of the lender's security. It also means that if, for example, fire destroyed your home, the Buildings insurance policy would cover the costs of rebuilding or reinstating the home to it's previous condition.
Contents insurance protects the homeowner against the same events damaging or destroying their household contents.
Usually, Buildings and Contents insurance is sold as a combined policy but either can be bought on their own.
