Is there any investment value in your policy?

No. Once the term is completed the policy simply ends. It’s a bit like car insurance!

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

Hot Topics

Does Life Insurance have to be associated with a mortgage?
No it does not. Many policies are used to provide additional financial security for the family.
What is the difference between Life Assurance and Life Insurance?
Life Assurance has an investment value but Life Insurance does not.
Should you include Terminal Illness Insurance?
You probably won’t need to - most policies include Terminal Illness cover free of charge on all Life and Critical Illness policies.
Should you include Critical Illness cover on your Life Insurance policy?
You should certainly consider taking out Critical illness cover whether you combine it into your Life Insurance policy (which is by far the cheapest way to buy both insurances) or you take out separate policies (which gives you far more protection – see below).
Should your policy be written “in Trust”?
We believe that all Life policies should be written “in trust”.
It is important to be aware that Life Insurance policies have no investment value. If you survive to the end of the policy’s term, the policy is finished. There is no payout and no value left in the policy. A Life Insurance policy only has a value if you make a claim.

It is worth being aware that Life Insurance is different from Life Assurance. A Life Assurance policy combines a guaranteed sum insured with a form of investment. The longer you pay in the more you hope your policy is worth.

The monthly premiums for Life Assurance can be quite steep.

A Frequently Asked Question related to the above topic.
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