You decide on a sum insured and a term of years from the outset.
The sum insured remains constant throughout the term.
The plan has no investment content.
If you die during the specified term then the sum insured is
paid out.
Can be set up as a single life plan, insuring one life for
a predetermined sum insured and term.
Term assurance may also be set up as a Joint life first death
plan where the sum insured is payable on the first death.
Critical Illness benefit can be added to most plans where the
benefit is paid on either death or a critical illness whichever
should occur first.
Terminal Illness benefit is normally payable on most policies
during the term of the policy, this usually excludes the last
18 months of the policy term.
As soon as the sum insured is paid out the plan ceases. ·
If you survive the term and the sum insured has not become payable
then the plan ceases and nothing is paid out.
In most cases these Products are non-Regulated. However should
your chosen Product fall into a regulated category we will advise
you accordingly. This is an overview of protection products. With
your application pack we will provide a Written Quotation, the
Individual Company's Key Features and Full Product Details.
