Skip to main content
FOLLOW US:
Call Us Now 01622 831855
MENU
  • Home
  • Our Company
  • Why Indigo?
  • TCF
  • Our Adviser
  • Privacy Policy
  • Privacy Notice
  • Contact Us
  • Mortgages
    • Introduction to Mortgages
    • Mortgage Repayment
    • First Time Buyer
    • Remortgaging
    • Buy-to-let
    • Standard Variable Rate Mortgages
    • Fixed Rate Mortgages
    • Tracker Mortgages
    • Cashback Mortgages
    • Offset Mortgages
    • Second Charge Mortgages
    • Self Build Mortgages
  • Life Assurance
    • Introduction to Life Assurance
    • Level Term
    • Increasing Term
    • Decreasing Term
    • Renewable Term
    • Convertible Term
    • Whole of Life
    • Family Income Benefit
  • Health Insurance
    • Introduction to Health Insurance
    • Private Medical
    • Critical Illnes
    • Income Protection
  • General Insurance
    • Household
    • ASU
    • Redundacy / Unemployment
  • Equity Release
    • Introduction to Equity Release
    • Types of Equity Release
    • Lifetime Mortgage
    • Home Reversion Plan
    • Drawdown Lifetime Mortgage
    • Home Income Plan
    • Costs
  • Business Insurance
    • Introduction to Business Insurance
    • Keyperson
    • Share Protection
    • Income Protection
  • Mortgage Calculators
    • Mortgage Borrow
    • Mortgage Repayment
    • Overpayment
    • Stamp Duty
  • Research Links
  • Mortgages
    • Introduction to Mortgages
    • Mortgage Repayment
    • First Time Buyer
    • Remortgaging
    • Buy-to-let
    • Standard Variable Rate Mortgages
    • Fixed Rate Mortgages
    • Tracker Mortgages
    • Cashback Mortgages
    • Offset Mortgages
    • Second Charge Mortgages
    • Self Build Mortgages
  • Life Assurance
    • Introduction to Life Assurance
    • Level Term
    • Increasing Term
    • Decreasing Term
    • Renewable Term
    • Convertible Term
    • Whole of Life
    • Family Income Benefit
  • Health Insurance
    • Introduction to Health Insurance
    • Private Medical
    • Critical Illnes
    • Income Protection
  • General Insurance
    • Household
    • ASU
    • Redundacy / Unemployment
  • Equity Release
    • Introduction to Equity Release
    • Types of Equity Release
    • Lifetime Mortgage
    • Home Reversion Plan
    • Drawdown Lifetime Mortgage
    • Home Income Plan
    • Costs
  • Business Insurance
    • Introduction to Business Insurance
    • Keyperson
    • Share Protection
    • Income Protection
  • Mortgage Calculators
    • Mortgage Borrow
    • Mortgage Repayment
    • Overpayment
    • Stamp Duty
  • Research Links
  • Home
  • Life Assurance

Life Assurance

THE PLAN WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

This is cover that pays out on death. Some plans pay upon earlier confirmation of a terminal illness where the prognosis is death within 12 months. It can pay out as a lump sum, or as income for the remainder of the policy term.

Cover can last for a set term called Term Assurance, or can last throughout life, called Whole of Life.

The amount of cover can remain the same or increase / decrease annually. Level term assurance stays the same throughout. Decreasing cover is sometimes used to cover a reducing debt, such as a repayment mortgage and usually assumes a given interest rate. Provided your mortgage rates don’t exceed that rate, then the cover should reduce at around the same rate as the mortgage. The amount you pay is called the premium. It can either be guaranteed not to change, or it can be reviewable.

Reviewable cover normally changes based on the claims experience of the life assurance company.

Call Us Now 07860 445162 Send Us An Enquiry

Indigo Mortgage and Financial Services Ltd is an appointed representative of Quilter Mortgage Planning Limited which is authorised and regulated by the Financial Conduct Authority.

Indigo Mortgage and Financial Services Ltd is registered in England and Wales, Company No: 11707531. Registered Address: 2 Lovelace Close, Abingdon, OX14 1XW.

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

Buy to let mortgages are not regulated by the Financial Conduct Authority.

© Copyright 2021 Mortgage Pro. All Rights Reserved.

Design and Development by Mortgage Pro