Correct as at June 2012
Premiums
Premiums are based on a number of factors. These include the life insured’s:
- Age
- Occupation
- Pastimes
- Smoker status
- Medical history
- Term of your plan
as well as:
- The amount of cover chosen
- The options chosen
- The deferred period chosen for Premium Protection if selected
The minimum premium is £5.00 per month (direct debit only) or £50.00 per year (cheque or direct debit). There are no maximum premiums.
A plan management charge will be included with the premiums. This will be clearly detailed within the illustration.
Term
The minimum term for this plan is 1 year. (6 years if Critical Illness Cover with reviewable premiums is selected.)
The maximum term for this plan is dependent on the options chosen:-
| Life Cover Only |
50 years
|
| Critical Illness Cover with guaranteed premiums |
40 years
|
| Critical Illness Cover with reviewable premiums |
50 years
|
| Conversion Option |
50 years
|
| Renewal Option |
50 years
|
Age Restrictions
The minimum age at entry for this plan is 16 years old.
The maximum age at entry depends on the options chosen:-
| Life Cover Only |
89
|
| Critical Illness Cover with guaranteed premiums |
59
|
| Critical Illness Cover with reviewable premiums |
59
|
| Premium Protection |
54
|
| Conversion Option |
63
|
| Renewal Option |
63 |
The maximum age at expiry depends on the options chosen:-
| Life Cover Only |
90
|
| Critical Illness Cover with guaranteed premiums |
75
|
| Critical Illness Cover with reviewable premiums |
90
|
| Premium Protection |
69
|
| Conversion Option |
64
|
| Renewal Option |
64 |
Cover
There is no maximum for life cover only. However, if Critical Illness cover is selected, the maximum amount of cover available is £2,000,000. This includes any other Critical Illness cover already held. If Critical Illness cover is selected, the maximum amount of life cover available is also £2,000,000.
Policy Basis
The policy can be written on single life or joint life basis.
If you would like to know more about the prices, terms and conditions of Level Term Assurance, please contact your local branch to speak with a Financial Planner.
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