Level Term Life/Critical Illness

The coverage amount does not change during the chosen term. Upon the event of death or diagnosis of an accepted critical illness during this time, the insurer pays the full amount of the coverage you choose. The base illnesses covered are Heart Attacks, Cancer, Stroke, and Multiple Sclerosis. Each insurer has their own specified list of illnesses which is available upon request. A joint policy covering two people is paid out upon the first claim. Payment on a claim stops the policy from future payouts, and policies cannot be cashed in at any point otherwise.

Level Term Life

The coverage amount does not change during the chosen term. Upon the event of death during this time, the insurer pays the full amount of the coverage you choose. A joint policy covering two people is paid out upon the first death. Payment on a claim stops the policy from future payouts, and policies cannot be cashed in at any point otherwise.

Decreasing Term Life

The coverage amount decreases every month during the chosen term. Upon the event of death, the insurer pays the amount of the coverage left at that time. A joint policy covering two people is paid out upon the first death. Payment on a claim stops the policy from future payouts, and policies cannot be cashed in at any point otherwise.

Decreasing Term Life/Critical Illness

The coverage amount decreases every month during the chosen term. Upon the event of death or diagnosis of a specified critical illness during this time, the insurer pays the amount of the coverage left at that time. The base illnesses covered are Heart Attacks, Cancer, Stroke, and Multiple Sclerosis. Each insurer has their own specified list of illnesses which is available upon request. A joint policy covering two people is paid out upon the first claim. Payment on a claim stops the policy from future payouts, and policies cannot be cashed in at any point otherwise.

Level Term Critical Illness

The coverage amount does not change during the chosen term. Upon the event of diagnosis of an accepted critical illness during this time, the insurer pays the full amount of the coverage you choose. The base illnesses covered are Heart Attacks, Cancer, Stroke, and Multiple Sclerosis. Each insurer has their own specified list of illnesses which is available upon request, and some insurers allow children to be included. A joint policy covering two people is paid out upon the first claim. Payment on a claim stops the policy from future payouts, and policies cannot be cashed in at any point otherwise.

Decreasing Critical Illness

This is normally selected to protect mortgage repayments, and the coverage amount decreases every month (alongside the reduction of your mortgage) during the chosen term. Upon the event of death or diagnosis of a specified critical illness during this time, the insurer pays the amount of the coverage left at that time. The base illnesses covered are Heart Attacks, Cancer, Stroke, and Multiple Sclerosis. Each insurer has their own specified list of illnesses which is available upon request, and some insurers allow children to be included. A joint policy covering two people is paid out upon the first claim. Payment on a claim stops the policy from future payouts, and policies cannot be cashed in at any point otherwise.

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