Your policy and cover

Guaranteed and reviewable premiums, increasing premiums over time, mortgage and term life insurance and critical illness cover.

What critical illness cover for life insurance could pay for

Critical illness cover will pay out a lump sum on diagnosis of a condition as specified in the policy wording.

Guaranteed life insurance premiums and reviewable premiums

Guaranteed premiums remain the same throughout the life of the policy whereas reviewable premiums are fixed for the first five years, after which the insurer has the option to review your premiums on a regular basis.

Increasing life insurance premiums over time

If you have taken out a life policy or a life policy with critical illness and guaranteed premiums, your premiums will not increase during the term of the policy. 

The differences between mortgage life insurance and term life insurance

A mortgage life insurance policy means that your mortgage could be paid off if you were to die during the period of cover. Term life insurance is designed to pay out a lump sum if you die during the term of the plan.