Mortgage and Family Protection
We all need to be protected. What would happen if a sudden illness, disability or death occurred? We can help provide you with the peace of mind that comes with knowing you are protected if something should happen. Our panel of protection providers offers products to cover a range of your needs.
This comes in two main forms: Level Term and Decreasing Term. Level Term will give you the same amount of cover throughout the life of the policy and pay out that amount if you make a claim. Decreasing Term will decrease over the term, usually to match your decreasing mortgage amount, and pay out the current amount when a claim is made.
Critical Illness Cover
This covers you and your family against the financial impact of a specified critical illness. It pays out a lump sum should you be diagnosed with a serious illness, and can also pay a regular income, see below. The type of illnesses covered varies depending on the provider and type of policy selected with typically up to 40 major illnesses listed. Critical illness cover is also available in Level Term and Decreasing term similar to life cover.
Family Income Benefit
Available on both Life and Critical Illness plans, Family Income Benefit will pay out a regular income from the time of claim until the end of the policy. For example, a claim made 5 years into a 20 year term policy would pay benefits for 15 years.
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Please note that for these insurance products terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under your plan.