Summary of Life Cover Options for {firstAnd36}

Mortgage Cover: £ {whatIs3} of Declining Term Assurance (DTA) for {howMany58} Years.

Income Cover: £ {incomeCover} of Level Term Assurance (LTA) for {workingYears} Years.

Family Cover: £ {childCover137} of Level Term Assurance (LTA) for {childCover172} Years.

Extended Family Cover: £{universityCover} of Level Term Assurance (LTA) for {universityCover173} Years.

Overview of Protection Types

Mortgage Protection

 

• Pays off the outstanding mortgage balance in case of death.
• Decreasing Term Assurance (DTA) cover amount decreases over time inline with a mortgage repayment.
• Decreasing Term premiums are less expensive than Level Term premiums.
• Fixed premiums.

Income Cover

• Level Term Assurance (LTA) which stays constant over the term of the policy.
• Replaces earnings in the event of death.
• Term is calculated to retirement age.
• Often purchased with Critical Illness Cover which protects against serious illness or losses caused by inability to work.
• Fixed premiums.

Family Cover

• Additional Level Term Cover (LTA) which covers the cost of providing for dependant children until adulthood should the worst happen,
• Term is calcuated until the last child turns 19 years of age.

Extended Family Cover

• Incremental Level Term Cover (LTA) which covers the cost of providing for dependant children until they complete university or post A Level studies should the worst happen.
• Term is calcuated until the last child turns 22 years of age.