Protecting Your Family’s Future

Pays a tax-free lump sum if you die within the policy term. There’s no investment element and no maturity value if you outlive the term — cover simply ends. Because the term and benefit are fixed from the outset, this is often a cost-effective form of protection, typically with fixed monthly premiums.

Works similarly, but the benefit reduces over the term — making it well suited to covering a repayment mortgage or other loan where the balance owed also decreases over time. Because the cover shrinks, premiums are usually lower than for Level Term Assurance.

A form of term assurance that pays a regular tax-free income to your dependants (rather than a lump sum) if you die within the term, continuing until the policy’s original end date.

Usually available as an add-on to term assurance, though it can also be bought as a standalone policy. Pays a lump sum or income if you’re diagnosed with a specified critical illness — such as heart attack, stroke, or permanent disability. The specific illnesses covered, along with exclusions, vary between insurers and will be set out in your policy.