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The above illustration shows the difference between Level term Assurance and Reducing term Assurance ( often called mortgage protection ).

WHICH POLICY IS BEST FOR ME ?

"Term life insurance is a simple and inexpensive form of life insurance policy that pays out a lump sum (the sum assured) in the event of the death of the policyholder, and is necessary to ensure that your family and dependants will not suffer financially if the worst should happen. Term insurance is usually available on either a single or joint life basis and some plans also have additional benefits such as paying out on the diagnosis of a terminal illness during the term of the policy. If the policyholder or policyholders are alive at the end of the term the policy expires and no payment is made. If you stop paying premiums at any Stage during the term, the policy lapses and has no value. There are several types of term insurance, some of which are detailed below.

LEVEL TERM ASSURANCE is designed to pay out a sum of money if the policyholder should die during the term in which your policy runs. When choosing your policy, you should choose the amount you want paying out (the sum insured) and the length of time for which the policy is to cover (the term). The sum assured is guaranteed at the outset and remains unchanged through out the term.

DEACREASING/REDUCING TERM ASSURANCE (often called 'Mortgage Protection')is where the sum assured decreases over the term of the policy. This is commonly used to protect a capital & interest repayment mortgage, where the outstanding balance reduces each year.

CRITICAL ILLNESS COVER

Did you know that according to the British Heart Foundation 270,000 people have heart attacks each year, and according to Cancer Research UK the number of people being diagnosed with cancer is increasing. In fact they say 1 in 3 people in Britain will be diagnosed with cancer at some point in their life.

However, the good news is more and more people are surviving !!

You may have life insurance cover, but do you have cover if you live? Critical illness cover pays out a tax free lump sum if you are diagnosed with a critical illness and you survive.

How much cover do I need?

The amount of cover you need (the sum assured) will depend upon how much money you will need should you contract a critical illness. Maybe you need to pay off the mortgage, pay for changes to your home for special equipment, pay for private medical treatment or pay for support services?

You should always take into account how much you can afford, it is better to have some critical illness cover than none at all.

What illnesses are covered?

Different providers will have their own list of the conditions that are covered and you should read their key facts illustrations to make sure you are covered for the conditions you need.

All providers cover the following main conditions:

Aorta graft surgery * Benign brain tumour * Blindness Cancer * Coma * Coronary artery by-pass surgery * Deafness * Heart attack * Heart valve replacement or repair * Kidney failure * Loss of limbs * Loss of speech * Major organ transplant * Motor neurone disease * Multiple sclerosis * Paralysis / paraplegia * Parkinson's disease * Stroke Terminal illness * Third degree burns

To obtain a no obligation quote please phone free on 0800 093 2621or fill in the

Here is a selection of some of the companies we use.

CANADA LIFE