General

Guaranteed premiums are set at the start of the policy and will remain the same throughout the policy, provided you do not make any changes to the policy. Reviewable premiums are set for a period of time and then reviewed, this may mean you find your insurance costs rising in the future

No, a term insurance policy will have no cash in value, this means should you not claim on the policy and it either comes to the end of its term, or you can cancel it, you will receive no cash back.

Depending on your age and circumstances you may be able to amend your policy after it has started, any increase in cover will increase your monthly payments.

Having a pre-existing medical condition, especially if it’s serious, can make it harder and more expensive to arrange cover. Some insurers may decline to cover you, others will exclude specific conditions. There are specialist insurers that offer life cover to people with pre-existing conditions, but you should be prepared to pay a higher price because…

You can arrange either guaranteed or reviewable premiums. Guaranteed premiums will not change for the term of your policy, provided you do not make any changes. Reviewable premiums will be reviewed, typically every 5 or 10 years and may increase.

The length of cover required will depend on your circumstances and what you are wanting to protect. You may need to cover a specific debt such as your mortgage, you would then link the amount and term of cover to the amount and term of your mortgage. You may need to provide an income for…

Decreasing cover is an insurance policy where the amount of cover provided decreases every month, typically this type of insurance is useful for ensuring a debt that is being repaid would be covered in a specific event such as death or critical illness. Level cover insurance is a policy which has a set amount of…

Term insurance is an insurance policy for a specific term. For instance you may take a life insurance policy for 25 years, if you died within the 25 year term the policy would payout, if you died after the 25 year term there would be no pay out.