Types of cover

Both our Life Insurance Plan and Critical Illness Plan can be bought with two different types of cover; you can choose from Increasing cover or Decreasing cover.

Increasing cover

As time goes by, it’s expected that the cost of living will go up – it’s what’s known as inflation. By choosing increasing cover you can help protect against the future effects of inflation.

How does our increasing cover work?

What is the CPI?

The Consumer Prices Index (CPI) is the UK's main measure of inflation.

The CPI measures hundreds of things we spend money on – and tracks how these prices have changed over time. The inflation rates are expressed as percentages. For example if CPI is 3%, this means that on average, the price of products and services we buy is 3% higher than a year earlier.

Decreasing cover

When you’ve worked hard for something, it just makes sense to protect it. Our homes are often one of the biggest investments we make during our lifetimes, and there’s a lot to be said for knowing your family may not have to worry about not being able to stay in their home if something unexpected happened to you. By choosing decreasing cover you can help to protect a repayment mortgage.

How does our decreasing cover work?

You can find out more about the life insurance and the critical illness cover we offer by clicking on the links below.

Not sure about what you need to protect?

Need to speak to us?

If you have any questions, queries, or you’d just like to know more about our life insurance plans, get in touch with us and we’ll be happy to help.

Call us on 0800 068 6800

Monday to Friday 8.00am – 8.00pm
Saturday 9.00am – 5.00pm
Sunday 10.00am – 4.00pm

For our joint protection, calls may be monitored and/or recorded.

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