Life Insurance

Every family has a different set-up, so consider your personal circumstances. If you’re a homeowner, you may want to take out life insurance to cover the length of a mortgage; for example, 25 years. If you have a family, could your loved ones afford things like childcare, educational costs and daily living expenses?

You may want to think about your annual salary multiplied by the number of years your family will be financially dependent on you. Think about the amount of money your family would need to maintain their lifestyle and cover things like everyday living expenses.                                                                                      

If you'd like more help, you might find our life insurance calculator useful. Alternatively, you could speak to your financial adviser if you have one, or get a life cover quote today.

Even though your policy may have been set up at the same time as you took out a mortgage, or made another financial commitment, they are separate products.

Your policy would pay out in the event of a valid claim during your policy term, whether or not you still have that mortgage or financial commitment in place.

It is at the discretion of your beneficiaries how they choose to use the proceeds in the event of a valid claim.

You should think carefully about how long you need cover for. Some people decide to get life insurance to cover the length of a mortgage term; say, 25 years, while others think about how long their children will be financially dependent on them.  

Ultimately, it’s a personal decision and you should factor in your family’s unique circumstances.

You won’t be covered if you die within the first year of your policy as a result of suicide, death caused by intentional and serious self-injury, or an event where in our reasonable opinion, the insured person took their own life.

We won't pay out if you are diagnosed with a terminal illness which doesn't meet our definition. Terminal Illness Cover can't be claimed:

• after your death
• if the length of the policy is less than two years

There could be some circumstances where we are not able to provide full cover based on the answers you gave in your application. If there are any exclusions to your cover, these will be explained in your Policy Schedule and Policy Terms and Conditions we send you after you take out cover.

Your cover will end if you stop paying your premiums when due and it's important to remember that life insurance is not a savings or investment product and has no cash value unless a valid claim is made.

See the Policy Terms and Conditions for the full list of exclusions. If you are an existing customer please refer to your policy documents for details of your cover.