Business Protection Guide:

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Technical summary

Compare the limits and features of our Business Protection options
DetailsLife ProtectionLife and Critical Illness CoverRelevant Life Cover
Type of benefit paymentLump sumLump sum/s including our additional payment claimsLump sum
Type of cover
  • Level
  • Inflation-linked
  • Decreasing
  • Level
  • Inflation-linked
  • Decreasing
  • Level
  • Inflation-linked
Own lifeYesYesN/A
Life of anotherYesYesYes
Term5 years – 50 years5 years – 50 years5 years – 50 years
Minimum age attained at entry171717
Decreasing is not available
Maximum age attained at entry
(level or decreasing)		846469
Decreasing is not available
Maximum age attained at entry
(inflation-linked cover)		795969
Maximum age attained at end of policy term
(level or decreasing)		897974
Maximum age attained at end of policy term
(inflation-linked cover)		846974
Premium typeGuaranteedReviewable or guaranteedGuaranteed
Maximum cover£20 million£3 million, but TPD moves to works tasks over £2 million£20 million
Eligibility criteriaUK residentUK residentUK resident
Trust AssignmentYesYesDiscretionary Trust
Number of Critical Illnesses coveredN/A87* conditions including:
  • 38 additional payment conditions
  • 17 enhanced payment conditions

* 20 of these conditions are covered under 1 additional payment condition - 'less advanced cancers'		N/A

Cover comparison

BenefitLife ProtectionLife and Critical Illness CoverRelevant Life Cover
Total permanent disabilityNoOptionalNo
Waiver of premiumOptionalOptionalNo

Additional features

BenefitLife ProtectionLife and Critical Illness CoverRelevant Life Cover
Terminal illness coverYesYesYes
Children’s cover* (at no extra cost) – 50% of cover or max £25,000NoYesNo
LV= multi-product discountNo **YesNo **
Guaranteed increase optionsYesYesYes
LV= Business CareYesYesYes
LV= Doctor ServicesYesYesYes

* Children’s cover applies to the family of the life insured and not the plan owner.

** Unless another protection or retirement product is already held.

Contact Phone

Let's talk

0800 032 3962

9am - 5:30pm Mon-Fri

TextDirect: first dial 18001. We record and monitor calls for training and auditing.