Frequently Asked Questions

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You asked: What is life insurance?

It's a simple, affordable way to help your loved ones cope financially if you were to pass away. You can choose how much cover you need and for how long you'd like to be covered; then, if you pass away within the policy term, life insurance can provide a cash lump sum to help protect your family from the financial difficulty that losing a loved one can bring.

We offer different types of life cover.

Life insurance with decreasing cover provides a level of cover that decreases over time, broadly in line with a repayment loan or mortgage. The premiums will stay the same during the term of the policy, unless you choose to make changes to the cover.

Life insurance with level cover provides a level of cover that stays the same over time. You choose a lump sum to leave behind for your loved ones and select how long you want your cover to run for. You’ll then pay the same amount each month, until your policy ends.

If you choose to protect your cover from the effects of inflation, this will provide a level of cover that increases annually in line with the Consumer Prices Index (CPI), a recognised measure of inflation. Premiums will also increase annually to reflect this. Because the level of cover can increase over time, it helps to protect your loved ones against the rising cost of living. (Each year, the maximum amount your cover can increase by is 10%, and your premiums could increase by a maximum of 15%.)

If you choose not to accept the increase, or if the CPI doesn't increase, your cover and premiums will stay the same.

With our life insurance, there is no cash in value at any time.

There are different ways to help protect your family; compare our policies to see which might best suit your needs.

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