Life cover

This is the most popular and cost effective type of cover on the market.

It pays out a lump sum if you die during the term of the policy

There are a number of optional benefits you can include in the plan along with life cover, such as serious illness cover, hospital cash benefit and personal accident benefit.

 It does not cover you for your whole life and this is why it’s cheaper than whole-of-life cover.

This type of plan provides you with life cover for your whole life. As long as you make your regular payments, this type of cover will pay out a lump sum if you die.

Whole-of-life cover is usually the most expensive type of life assurance.

This type of life cover pays off your mortgage if you die.

You take it out for the term of your mortgage and your cover reduces each month as the amount you owe on your mortgage reduces.

You can also include serious illness, hospital cash or personal accident benefit with this type of plan.

This is the most cost effective terms assurance product on the market. It covers you for a certain term which you decide and will pay out a lump sum if you die during the term of the plan.

The advantage of pension term assurance over other life cover plans is that it costs less because you can claim income tax relief on your premiums.