Offering the right product to your client is a priority. So we’ve gathered together key information on our Life Protection – helping you make an informed comparison:
Details
Life Protection
Waiver of Premium
Type of pay out
Lump sum.
Pays the plan premiums monthly after the waiting period.
Type of cover
Level, inflation-linked or decreasing.
N/A
Term
Between 5 and 50 years.
To 84 or to the end of the plan term if earlier.
Minimum age attained at entry
17
17
Maximum age attained at entry (level or decreasing cover)
84
59
Maximum age attained at entry (inflation-linked cover)
79
59
Maximum age attained at end of policy term (level or decreasing cover)
89
To 84 or to the end of the plan term if earlier.
Maximum age attained at end of policy term (inflation-linked cover)
84
To 84 or to the end of the plan term if earlier.
Minimum premium
£5 a month.
Based on the total plan premium.
Waiting period
None.
6 months.
Eligibility criteria
Your client must be a permanent UK resident.
Your client must be a permanent UK resident.
Guaranteed increase options (limits apply – please see the policy conditions for full details)
An increase in the mortgage as a result of moving home, or home improvements.
An increase in rent as a result of moving into a new rental property or as a result of an increase imposed by the landlord.
An option to extend the cover term if the mortgage is extended or a new mortgage is taken out.