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Personal Protection

Term Life Cover.

Why Term Life Cover?

Term Life Cover provides your client with protection from five to 70 years depending on how long your clients wishes their plan to last.

If your client was to pass away during their term or is diagnosed with a terminal illness whilst they’re covered, Term Life Cover can be used to cover any fixed financial commitments they, or their family, may need to pay - for example mortgage repayments or household bills.

What’s covered?

• Your client will be covered if they were to pass away or be diagnosed with a terminal illness during their plan.
• Your client chooses how much cover they need and how long for
• Benefits including immediate cover, providing a limited amount of life cover during application stage. As well as Guaranteed Insurability Options once your client is accepted. Giving them the ability to increase their cover when their circumstances change.
The cover amount decreases broadly in line with the amount outstanding on a repayment loan, for example your client’s their mortgage. Premiums for decreasing cover are lower than for level cover.
The cover amount remains the same throughout the duration of your plan.
The cover amount rises each year in line with inflation. This ensures that your clients cover maintains its value in real terms.

Your client can enhance their protection with additional covers and options.

Find out more about our additional covers and options.

  • Whole of Life Cover

    Whole of Life Cover provides protection for as long as your client needs it.

  • Family Income Cover

    Cover family living costs with a regular monthly income if something happens to your client.

  • Education Cover

    If your client dies we'll provide a range of benefits for each child on their plan, to help cover the costs of their education.

  • Serious Illness Cover

    Combine their Life Cover with our award-winning Serious Illness Cover for even more protection.

Where to next?

  • Personal Protection

    With our Personal Protection, we offer your clients the best cover to suit their needs, such as our award-winning Serious Illness Cover.

  • Income Protection

    Our 5-star rated Income Protection Cover offers your clients a tax-free monthly income payment if they are unable to work because of illness, injury or disability.

  • Serious Illness Cover

    Our award-winning Serious Illness Cover.

  • Life Cover

    Discover some of the best features of our Defaqto 5-star rated Life Cover.