Life Insurance Jargon Explained
What do I need to cover a: - Repayment mortgage? Decreasing term assurance. - Interest only mortgage? Level Term Assurance.
I want to leave an annual or monthly income for my family if I die? Family Income Benefit.
I want to leave my spouse or dependants a cash lump sum to invest if I die? Level Term Assurance.
I need a cash lump sum or to pay off my mortgage if I become seriously ill? Critical Illness Insurance.
I would like a life assurance policy that covers me for my entire life? Whole of Life Insurance.
I would like a life policy that pays out when I die to leave enough to cover my funeral expenses? Whole of Life Insurance.
I need to insure my key staff in case they die or suffer a critical illness - Business Protection.
If I have an accident or am too ill to work, I need an income to live on? Income Protection.
I am self employed and need to protect my income if I am ill? Income Protection.
I need my monthly mortgage payments paid until I return to work? Mortgage Payment Protection.
I have poor health. Special Risks Life Assurance.
Recovered from cancer. Special Risks Life Assurance.
Heart problems and am having difficulties getting affordable life assurance? Special Risks Life Assurance.
I regularly participate in extreme sports such as parachuting, hang-gliding, scuba diving, caving or motor sport? Special Risks Life Assurance.
Life Insurance Jargon Explained.