Life Insurance

Life insurance solutions to give you peace of mind. We broker life insurance products designed to pay out a cash sum if the individual dies while covered by the policy and to help your loved ones stay in their home, take time away from work to grieve or even look to the future. Life insurance – designed for the living.

What is Life Insurance?

Life insurance products offer cover up to age 90, with a maximum policy length of up to 50 years. Depending on your needs, the amount of cover and the length of the policy can be selected. Joint lives and single life insurance coverage is available, which can be paid monthly or annually.

Life insurance is not a savings or investment product and has no cash value unless a valid claim is made.

What is included in the cover?

If illness is expected to lead to death within 12 months, Terminal Illness Cover is automatically included for all policies over two years. There is also help for when the benefit is due to be distributed, helping you stay in control of who and where payouts would be received in the event of your death. It is worth noting, this life insurance product is not a savings or investment product and has no cash value unless a valid claim is made.

What are the details?
  • Minimum cover: No minimum sum assured. Driven by minimum premium.
  • Maximum cover: No maximum sum assured for life cover only, but subject to underwriting. If Critical Illness Cover or Critical Illness Extra is chosen, the maximum cover will be £3 million if Specific Work Task definition under TPD applies, or £2 million if Own Occupation definition under TPD applies.
  • Type of cover: Level, increasing and decreasing cover is available.
  • Minimum term: 1 year without Terminal Illness Cover. 2 years if bought with Critical Illness Cover or Critical Illness Extra.
  • Maximum term: 50 years.
  • Minimum age: 18. It is possible for a life of another policy to be taken on a 17 year old by an adult with insurable interest. This policy can then be placed in an Absolute Trust with the 17 year old as the beneficiary. Minimum age at the end of the policy is 29.
  • Maximum age: 77 for Life Insurance. 67 if bought with Critical Illness Cover or Critical Illness Extra. Policy must end by client’s 90th birthday, or their 75th birthday if bought with Critical Illness Cover or Critical Illness Extra.
  • Premiums: Guaranteed. Choice of guaranteed or reviewable if bought with Critical Illness Cover or Critical Illness Extra.
  • Joint life policies: The cover is paid when the first life insured dies or is diagnosed with a terminal illness (and our Medical Officer has confirmed the illness is expected to lead to death within 12 months) or is diagnosed with a specified critical illness (if that option is chosen) – whichever occurs first.
  • Trusts: Policies can be placed in Trust.
  • Death in the first year: If the life insured dies within the first year of holding the policy, as a result of suicide or intentional and serious self-injury or an event where, in our reasonable opinion, the life insured took their own life, the policy will be cancelled.
What are the benefits and options?
  • Accidental Death Benefit: Automatically included.
  • Changing Your Policy (Also known as Guaranteed Insurability Option): Can increase cover on certain specified events, without need for further medical evidence. Eligibility criteria and restrictions apply.
  • Other changes – Your client can request to make other changes to their policy: Additional underwriting may be required.
  • Critical Illness Cover: Critical Illness Cover or Critical Illness Extra can be added for an additional cost at outset.
  • Children’s Critical Illness Cover: Automatically included if Critical Illness Cover is chosen. Children’s Critical Illness Extra can be selected at outset for an additional cost, for parents who want to upgrade their children’s cover.
  • Joint life policy separation on divorce or dissolution of a registered civil partnership: Can be requested unless a claim has been accepted.
  • Free Life Cover: Between exchange of contracts and completion of a mortgage (completion of missives and date of entry in Scotland).
  • Immediate Cover:  On request
  • Increasing and Decreasing Cover: Increasing Life Insurance and Decreasing Life Insurance available.
  • Wellbeing Support – Provided by RedArc Assured Limited: Automatically included.
  • Fracture Cover: Optional benefit
  • Private Diagnostics: Optional benefit
  • Terminal Illness Cover: Automatically included if life expectancy is less than 12 months unless term is less than 2 years.
  • Waiver of Premium: Can be included for an additional cost.

What is Increasing Insurance?

Life insurance products offer cover up to age 90, with a maximum policy length of up to 50 years. Depending on your needs, the amount of cover and the length of the policy can be selected. Joint lives and single life insurance coverage is available, which can be paid monthly or annually.

Life insurance is not a savings or investment product and has no cash value unless a valid claim is made.

What is included in the cover?

If illness is expected to lead to death within 12 months, Terminal Illness Cover is automatically included for all policies over two years. There is also help for when the benefit is due to be distributed, helping you stay in control of who and where payouts would be received in the event of your death by putting their payout into trusts. Payouts from policies under trust are probate-free so they are made quickly and fall outside of your estate for tax purposes. It is worth noting, this life insurance product is not a savings or investment product and has no cash value unless a valid claim is made.

What are the details?
  • Minimum cover: No minimum sum assured. Driven by minimum premium.
  • Maximum cover: No maximum sum assured for life cover only, but subject to underwriting. If Critical Illness Cover or Critical Illness Extra is chosen, the maximum cover will be £3 million if Specific Work Task definition under TPD applies, or £2 million if Own Occupation definition under TPD applies. The amount of cover increases in line with changes in the Retail Prices Index each year, up to a maximum of 10%.
  • Type of cover: Increasing cover
  • Minimum term: 2 years.
  • Maximum term: 50 years.
  • Minimum age: 18. It is possible for a life of another policy to be taken on a 17 year old by an adult with insurable interest. This policy can then be placed in an Absolute Trust with the 17 year old as the beneficiary. Minimum age at the end of the policy is 29.
  • Maximum age: 77 or 67 if bought with Critical Illness Cover or Critical Illness Extra. Policy must end by client’s 90th birthday, or their 75th birthday if bought with Critical Illness Cover or Critical Illness Extra.
  • Premiums: Guaranteed. Choice of guaranteed or reviewable if bought with Critical Illness Cover or Critical Illness Extra. The premiums will increase in line with the changes in the Retail Prices Index (RPI) multiplied by 1.5 subject to a maximum increase of 15% per annum.
  • Joint life policies: The cover is paid when the first life insured dies or is diagnosed with a terminal illness (and our Medical Officer has confirmed the illness is expected to lead to death within 12 months).
  • Trusts: Policies can be placed in Trust.
  • Death in the first year: If the life insured dies within the first year of holding the policy, as a result of suicide or intentional and serious self-injury or an event where, in our reasonable opinion, the life insured took their own life, the policy will be cancelled.
What are the benefits and options?
  • Accidental Death Benefit: Automatically included.
  • Changing Your Policy (Also known as Guaranteed Insurability Option): Can increase cover on certain specified events, without need for further medical evidence. Eligibility criteria and restrictions apply.
  • Other changes – Your client can request to make other changes to their policy: Additional underwriting may be required.
  • Critical Illness Cover: Critical Illness Cover or Critical Illness Extra can be added for an additional cost at the outset.
  • Children’s Critical Illness Cover: Automatically included if Critical Illness Cover is chosen. Children’s Critical Illness Extra can be selected at outset for an additional cost, for parents who want to upgrade their children’s cover.
  • Joint life policy separation on divorce or dissolution of a registered civil partnership: Can be requested unless a claim has been accepted.
  • Free Life Cover: Between exchange of contracts and completion of a mortgage (completion of missives and date of entry in Scotland).
  • Immediate Cover:  On request
  • Wellbeing Support – Provided by RedArc Assured Limited: Automatically included.
  • Fracture Cover: Optional benefit
  • Private Diagnostics: Optional benefit
  • Terminal Illness Cover: (Life expectancy less than 12 months). Automatically included unless the term is less than 2 years.
  • Waiver of Premium: Can be included for an additional cost.

What is Decreasing Life Insurance?

Decreasing life insurance solutions to protect the repayment of a mortgage.

Our life insurance products offer cover up to age 90, with a maximum policy length of up to 50 years. The amount of cover and length of policy can be selected to suit your needs, within certain limits. Cover can be taken out on joint lives or single life and premiums paid monthly or annually.

We broker life insurance products designed to pay out a cash sum that protects the repayment of a mortgage when the individual dies while covered by the policy.

Life insurance is not a savings or investment product and has no cash value unless a valid claim is made.

What is included in the cover?

If illness is expected to lead to death within 12 months, Terminal Illness Cover is automatically included for all policies over two years. There is also help for when the benefit is due to be distributed, helping you stay in control of who and where payouts would be received in the event of your death by putting their payout into trusts. Payouts from policies under trust are probate-free so they are made quickly and fall outside of your estate for tax purposes. It is worth noting, this life insurance product is not a savings or investment product and has no cash value unless a valid claim is made.

What are the details?
  • Minimum cover: No minimum sum assured. Driven by minimum premium.
  • Maximum cover: No maximum sum assured for life cover only, but subject to underwriting. If Critical Illness Cover or Critical Illness Extra is chosen, the maximum cover will be £3 million if Specific Work Task definition under TPD applies, or £2 million if Own Occupation definition under TPD applies. The amount of cover decreases roughly in line with the way a repayment mortgage reduces over the term of the policy.
  • Type of cover: Decreasing cover. We apply an interest rate to the original amount of cover to estimate the amount that your client repays each month on their repayment mortgage and the amount they’re covered for will decrease accordingly.
  • Minimum term: 5 years.
  • Maximum term: 50 years.
  • Minimum age: 18. It is possible for a life of another policy to be taken on a 17 year old by an adult with insurable interest. This policy can then be placed in an Absolute Trust with the 17 year old as the beneficiary. Minimum age at the end of the policy is 29.
  • Maximum age: 74 or 64 if bought with Critical Illness Cover or Critical Illness Extra. Policy must end by client’s 90th birthday, or their 75th birthday if bought with Critical Illness Cover or Critical Illness Extra.
  • Premiums: Guaranteed. Choice of guaranteed or reviewable if bought with Critical Illness Cover or Critical Illness Extra.
  • Joint life policies: The cover is paid when the first life insured dies or is diagnosed with a terminal illness (and our Medical Officer has confirmed the illness is expected to lead to death within 12 months) or is diagnosed with a specified critical illness (if that option is chosen) – whichever occurs first.
  • Trusts: Policies can be placed in Trust.
  • Death in the first year: If the life insured dies within the first year of holding the policy, as a result of suicide or intentional and serious self-injury or an event where, in our reasonable opinion, the life insured took their own life, the policy will be cancelled.
What are the benefits and options?
  • Accidental Death Benefit: Automatically included.
  • Changing Your Policy (also known as Guaranteed Insurability Option): Can increase cover on certain specified events, without the need for further medical evidence. Eligibility criteria and restrictions apply.
  • Other changes – Your client can request to make other changes to their policy: Additional underwriting may be required.
  • Critical Illness Cover: Critical Illness Cover or Critical Illness Extra can be added for an additional cost at the outset.
  • Children’s Critical Illness Cover: Automatically included if Critical Illness Cover is chosen. Children’s Critical Illness Extra can be selected at outset for an additional cost, for parents who want to upgrade their children’s cover.
  • Joint life policy separation on divorce or dissolution of a registered civil partnership: Can be requested unless a claim has been accepted.
  • Free Life Cover: Between exchange of contracts and completion of a mortgage (completion of missives and date of entry in Scotland).
  • Immediate Cover:  On request 
  • Wellbeing Support – Provided by RedArc Assured Limited: Automatically included
  • Fracture Cover: Optional benefit
  • Private Diagnostics: Optional benefit
  • Terminal Illness Cover: Automatically included if life expectancy is less than 12 months.
  • Waiver of Premium: Can be included for an additional cost.
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