Here are the
answers to some
commonly asked
questions
-
What is life insurance cover with a decreasing term?
A decreasing term policy provides a level of cover that decreases throughout the term of the policy, broadly in line with a repayment loan or mortgage. This is usually cost-effective way to achieve the required level of cover.
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What is the difference between terminal illness cover and critical illness cover?
Terminal Illness - is usually included in Life Assurance policies at no extra costs. It could pay out your chosen amount of cover if you are diagnosed with a terminal illness and have a life expectancy of 12 months or less, rather than on death.
Critical illness Cover – is an additional policy. It is designed to pay out your chosen amount of cover if you’re diagnosed with one of the providers specified critical illnesses (for example heart attack, stroke etc) during the length of your policy.
