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Can-I-add-waiver-of-premium.htm Can-I-have-the-option-of-the-conversion-and-renewal-option.htm Can-I-index-link-my-Term-Assurance-and-what-is-it.htm Can-I-integrate-Critical-Illness.htm Premiums-will-not-be-paid-if-the-claim-is-due-to.htm What-does-a-policys-Term-mean.htm What-does-level-of-cover-mean.htm What-is-premium-Protection-and-is-it-available-to-me-on-this-type-of-policy.htm |
Term Assurance in a level term policy, this means your sum assured will stay the same through out the policy term. Therefore if you die on the first day of the policy the full amount covered will be paid out and if you die on the last day of the policy the full amount will also pay out. Policy term – the length of a policy in years,
Premium – amount paid monthly to insurance provider to pay for life insurance cover. There is a yearly premium payment available however the amount payable is required in full a year in advance.
If the Critical illness benefit were added to your life insurance policy that would mean if you died there would be a pay out and if you got a critical illness such as cancer or suffered a stroke your policy would also pay out. There is a full list of critical illnesses available on our website, www.cheap-life-assurance-bureau.co.uk This policy is normally used when buying a property with an interest
only mortgage or securing a personal or business loan. |