Level Term Assurance with Critical Illness

Protect against Financial Instability with Level Term Assurance

This is Level Critical illness Cover with Life insurance. The sum assured remains level during the term of the plan so that in the event of death or earlier diagnosis with one of the covered critical illnesses the cover is paid out as a fixed one off lump sum.

Once the plan has paid out it finishes and there are no further payments.
So if a payment is made under the critical illness cover you need to remember that the life cover finishes. The level of cover and term is chosen by you at outset and once the plan has started will not change.

This type of plan is often used to protect the financial stability of you/your family in the event of death or serious ill health, and means you don't have to worry about the family finances at a time when you are seriously ill.
It can also be used to cover a mortgage or debt where the amount owed to the lender does not reduce over time e.g. an interest only mortgage or loan.

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