Term Assurance (life cover) is designed to pay out a lump sum when the person covered dies or is diagnosed with a terminal illness - where life expectancy is less than 12 months, during the term of the policy.
Term Assurance is normally used to help pay off a mortgage, provide a legacy or financial protection for a family member or friend.
If the sum paid out under this policy forms part of your estate, it may not be free of inheritance tax. We write every plan into a Trust,
Who is eligible for Term Assurance (life cover)
Term Assurance is available to British citizens or those resident in the United Kingdom. They must be aged 17 up to and including 86, subject to underwriting.