How is Cover for Life different from traditional Life Cover? Cover for Life is not designed to be a replacement for standard Life Cover, rather it’s an additional way to strengthen your financial plan. Traditional Life Cover is designed to protect you and your loved ones if you were to pass away unexpectedly in your peak financial years when you’re paying a mortgage, raising children, or supporting people who rely on your income, but you pay premiums for the life of the policy for it to remain active, and premiums generally increase the older you get. Cover for Life is different because it’s designed to last your entire lifetime, offering level premiums for a fixed premium payment term, after which premiums stop but cover continues, Cover for Life helps you to leave a legacy or support end of life costs. Here are some key differences when considering which life cover is right for you.
Life Cover can be useful for:
Cover for Life can be useful for:
Covering expenses following the death of a loved one, such as funerals
Covering a mortgage
Supporting children and dependants who rely on your income
Leaving an inheritance to your loved ones
Covering day-to-day living costs for your loved ones
Supporting a partner or dependants
Estate or legacy planning
You can choose both Life Cover and Cover for Life
Life Cover Cover for Life
Whereas Cover for Life is designed to guarantee a payout on death, even if you stopped paying premiums after 50% of the premium term, helping with end-of-life costs or leaving a legacy.
Combining both types of cover gives you protection that adapts to match your changing needs.
Life Cover offers protection when financial responsibilities are at their highest in life and when others are reliant on your income.
Cover for Life
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