Life Insurance Cover Details
We have four types of policy for you to choose from. If you’re not sure which one you need, you may find the answer in frequently asked questions.
Life Level Term
The amount of cover available with Life Level Term Insurance remains the same throughout the term of the policy. You simply decide the number of years you wish the policy to be in force and the level of cover you require. This policy will pay out on the death of the insured or, if Critical Illness Cover is added, on diagnosis of a specified critical illness, whichever occurs first.
Mortgage Life Insurance
The amount of cover provided by a Mortgage Life Insurance policy decreases in line with the outstanding balance on a standard repayment mortgage. You simply choose the length of the policy (which is usually the same as the remaining years on your mortgage) and the initial level of cover at the outset. This policy will pay out on the death of the insured, or if Critical Illness Cover is added, on the diagnosis of a specified critical illness, whichever occurs first.
Critical Illness Cover
A Critical Illness policy pays out a lump sum upon diagnosis of a serious illness that is specified in the policy. The term and sum to be insured are decided at the outset. If a critical illness is diagnosed during the specified term then the sum insured is paid out. All the above policies can be set up on a single or joint life basis.
If a claim has not been made before the end of the term then the plan ceases and nothing is paid out. There is no cash in value at any time. If a claim is made then the policy ceases. In the case of Joint Life policies, cover will cease following the first claim from either life.
Long Term Income Protection (PHI)
Long Term Income Protection Insurance, also known as Permanent Health Insurance, is designed to pay you a regular income if an illness or injury prevents you from working. The income can be paid for as long as you are unable to work through accident, sickness or until the end of the policy term. This product has no investment content and has no cash in value at any time.
Give you and your loved ones peace of mind and get a quote today. It only takes a couple of minutes.
*Your giftcard will be sent to you after you have made your sixth month's life insurance payment. This offer applies to new policies only.
Debenhams Retail Plc is an introducer appointed representative of Investment Discounts On-Line Ltd, who are authorised and regulated by the Financial Services Authority under the reference no. 197451. theidol.com is a trading style of Investment Discounts On-Line Ltd.