Life Insurance - Your questions

You can take out the life assurance plan on your own or with someone else.

It's a Life Insurance policy that pays out a guaranteed cash sum if you die during the term of the policy or are diagnosed as suffering from a terminal illness.

Generally whole life assurance is regarded as cover for the entire life of an individual, paying out ultimately upon death; whereas life term insurance is life cover for a specific fixed term i.e. life insurance to cover the period of a mortgage. Debenhams does not offer whole life assurance.

A decreasing mortgage life insurance policy is used to help pay off the outstanding balance of your mortgage with a cash sum if you should die before your mortgage is repaid. Over time, the level of cover provided by the policy falls to reflect your reducing mortgage loan, so you are paying only for the cover you need.

1. Critical Illness Cover

Critical Illness Cover option pays out a cash lump sum if you are diagnosed with a specific critical illness - this is normally payable if you survive for a period of more than 28 days after being diagnosed. The lump sum could pay for things like nursing care, home-help, adapting your house to accommodate a disability; it could pay off your mortgage or give you a holiday to recover from treatment.

2. Premium Payment Protection Cover

If you choose this option the premiums can be waived during a period of incapacity exceeding the deferred period. Incapacity means that you are unable to continue working or fail certain activities of daily living through illness or disability. For further information on Premium payment protection please read the policy key features available on request.

No, we arrange life insurance on a non advised basis this means no advice is given or implied, some documentation from the insurers may include wording stating theidol.com is your financial advisor, this is a general term used by the insurers, our terms set out in our initial disclosure documentation confirm life insurance is arranged on a non advised basis only.

No. All policies compared provide pure insurance only, there is no cash-in value at any time and there is no savings content.

Policy premiums are generally paid monthly by direct debit, some insurers may allow premiums to be paid annually.

theidol.com are paid commission for arranging a Life Insurance policy with Debenhams. theidol.com choose only to take a proportion of the commission and the remainder of the commission is retained by the insurance company and used to give a reduction in the monthly/annual premium which is spread over the term of the policy.

Debenhams life insurance service is provided by theidol.com. Registered address: Unit 3 Mason Court, Penrith 40 Business Park, Penrith, Cumbria, CA11 9GR. theidol.com is a trading style of Investment Discounts On-Line Limited who are authorised and regulated by the Financial Services Authority.