Personal Protection

Don’t let unexpected eventualities hit your client’s family and lifestyle. Our life insurance, critical illness cover and income protection solutions can help them maintain their finances as best as possible in the event of critical illness, disability or death. Remember, an accident or illness can impact more than just earnings - it can also dramatically increase living costs. And when someone dies suddenly, it could leave their family without a breadwinner. That’s why it’s so important that our Personal Protection can also be used for mortgage protection, so that they’re not at risk of losing their home too.

Choice

Our Personal Protection menu lets you shape your client’s cover to meet their individual needs. You can combine up to five main benefits in one online policy, and save with our multi-benefit discount. It’s flexible too, so you can adapt their policy to suit their lifestyle changes at no extra cost.

We offer a choice of both lump-sum benefits and family income benefits, which pay a regular income instead. Our range includes:

We’ll pay out a lump sum if the insured person dies or is diagnosed with a terminal illness during the benefit term. For reducing life protection, the amount we’d pay out on a claim reduces each month over the benefit term in the same way that a repayment mortgage reduces over time at a yearly mortgage interest rate of 10%.

We’ll pay out a lump sum if the insured person is diagnosed with one of our defined critical illnesses and survives for at least 14 days. For reducing critical illness protection, the amount we’d pay out on a claim reduces each month over the benefit term in the same way that a repayment mortgage reduces over time at a yearly mortgage interest rate of 10%.

We’ll pay out a lump sum if the insured person dies, or is diagnosed with either a terminal illness or one of our defined critical illnesses. For reducing life with critical illness protection, the amount we’d pay out on a claim reduces each month over the benefit term in the same way that a repayment mortgage reduces over time at a yearly mortgage interest rate of 10%.

We’ll pay out a monthly income until the end of the benefit term if the insured person either dies or is diagnosed with a terminal illness during the benefit term.

We’ll pay out a monthly income until the end of the benefit term if the insured person is diagnosed with one of our defined critical illnesses and survives for at least 14 days.

We’ll pay out a monthly income until the end of the benefit term if the insured person dies, or is diagnosed with either a terminal illness or one of our defined critical illnesses and survives for at least 14 days.

We’ll pay out a lump sum if the insured person dies during the benefit term. This is a special form of life insurance where the amount we’d pay out on a claim reduces over the seven-year benefit term. It’s designed to help cover a possible inheritance tax liability during the seven years following a gift being made.

We’ll pay a monthly income if the insured person can’t work due to accident or sickness for a lengthy period and so loses earnings or net profit. Your client decides how much benefit they need, the benefit term and when they need income payments to start. We’ll continue making payments for as long as they meet the claim requirements.

Key benefits

  • A wide range of benefits to choose from.
  • Multi-benefit discount – you can combine up to five main benefits in any one online application.
  • Our underwriting expertise means we understand your client’s needs – taking a personal approach to getting cover in place quickly and smoothly.
  • Can be used in a range of circumstances, from protecting your client’s lifestyle and family to protecting their mortgage repayment.
  • We were able to offer terms to 96% of applicants and paid £114.9 million in life and critical illness claims in 2015.
  • We provide more than just financial support - at no extra cost, you'll have access to a health and wellbeing service, provided by our partners Health Assured.

Your clients can choose:

  • to combine our range of protection benefits in various ways to suit their individual circumstances; and
  • whether their policy covers one or two people – if it covers two people, not all the benefits have to cover both of them (for example, they might want life cover for both, but critical illness protection for only one).

They may also be able to make other changes to their policy during their benefit term, such as changing how much they’re covered for and for how long.

And, if they choose one of our family income benefit solutions, they can have their benefits paid as regular income rather than as a lump sum. This is available for life protection, critical illness protection and life with critical illness protection.

Plus, on top of all this, our underwriting approach means that we can take a personal approach to getting cover in place as quickly and smoothly as possible. 

We include certain additional benefits automatically, and at no extra cost. These include:

  • a range of guaranteed insurability options so that clients accepted at standard rates can increase their level of cover before the age of 55 without any more underwriting;
  • critical illness protection for children; and
  • terminal illness cover.

You can also add other options, such as:

  • protecting your client’s payments if they can’t work due to sickness or accident for a lengthy period;
  • total permanent disability benefit, so that your client is covered if they become totally and permanently disabled;
  • choosing to set up their policy on a fixed-term basis or to renew their benefit every five years; 
  • choosing guaranteed or reviewable premiums; and
  • having their benefit levels and policy payments adjusted to take account of inflation.

You can see what additional options are available for each of our main benefits in our Personal Protection Summary of benefits (PDF - 351kb)(Opens new window)

We offer a multi-benefit discount so you can provide affordable protection solutions for your clients. It’s simple - the discount available increases in line with the number of benefits your clients take out under the one policy. It also means you can cover all your client’s protection needs in one single application.

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