Product Range - Individual Protection

You probably already have some insurance protection but are you sure it would meet the needs of your family in an emergency? Many people are lulled into a false sense of security by having some insurance or by assuming that 'the State' will provide for them and their families. However in many cases, people are significantly underinsured. So it's a good idea to review your insurance protection at least once a year to ensure your cover would meet your financial commitments and that your policies reflect any changes in your family or employment circumstances Outlined below are some examples of the type of plans we provide. Further information can be obtained from your Independent Financial Adviser.
Loan Protection	Whole of Life Cover
Life Cover

Loan Protection If like many people today you have a repayment mortgage**, you need to ensure that your partner and children would not lose the family home if you died before the loan is paid off. Our loan protection plan offers you peace of mind because it aims to provide a lump sum to cover all or part of the outstanding capital on a repayment mortgage or similar loan, on death or terminal illness. The plan can be taken out singly on your own life or jointly with your partner or spouse. By providing cover that reduces over the term in line with a repayment mortgage, this form of cover is cheaper than its level benefit equivalent. Premiums start from as low as £6 a month and there are reduced rates for non-smokers and those in low risk occupations.

Whole of Life Cover If you are looking for life cover for the whole of your life rather than for a fixed term, we offer you two options. Our flexible cover plan aims to provide a cash lump sum for your dependants whenever you die. Under current law, benefits are paid free of basic rate income tax. As its name suggests, this policy is designed to offer you maximum flexibility, allowing you to increase or decrease the amount of death benefit and level of premium to suit your changing needs over the course of your life. Our plan offers a balance of protection and investment. Part of your premium is used to provide a lump sum benefit for your dependants on your death. Part is invested to potentially build up a fund over your lifetime from which you have the option, depending on future fund performance and the level of premiums you have paid, to make withdrawals either as a lump sum or as regular income*. Alternatively, you could choose to provide cover via our guaranteed lifetime protection plan. For peace of mind, this provides a guaranteed level of cover throughout life for a guaranteed level of premium but provides no cash benefit at any time. Cover ceases if premium payments stop.

Life Cover Our most straightforward form of life cover, term assurance, is designed to cushion the financial blow to your family if they have to live without you to support them. The policy pays a cash lump sum if you should die or be diagnosed with a terminal illness during the term of cover, anywhere between 3 and 30 years, to a maximum age of 80. You decide how much cover you want and how long it should last. Premiums are fixed at the start and can be paid monthly or annually. Our rates, which include reduced premiums for non-smokers and those in low risk occupations, make this cover affordable for both the breadwinner and the family homemaker. Both partners can be covered with a joint life policy.

Page last updated February 21, 2006