81% of life insurance applications receive standard terms
The plan is designed to help protect a repayment mortgage. It aims to pay out a cash sum that decreases over time if your client dies while covered by the policy.
Our life insurance products offer cover up to age 90, with a maximum policy length of up to 50 years.
The amount of cover and length of policy can be selected to suit the needs of your client, within certain limits. Cover can be taken out on joint lives or single life and premiums paid monthly or annually.
Terminal Illness Cover, where the illness is expected to lead to death within 12 months, is automatically included for all policies over two years.
Help your clients stay in control of who receives their benefit when they die by putting their life insurance plan into a Trust. Payouts for policies under Trust are probate-free so are made quicker and fall outside of a client’s estate for tax purposes.
Trusts are particularly relevant for partners who aren’t married or don't have a will, as it means your client can leave their money to the people they choose.
Life insurance is not a savings or investment product and has no cash value unless a valid claim is made.