Is there any investment value in your policy?

No. Once the policy has come to the end of its term the policy simply ends. It’s a bit like house 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

What is Mortgage Payment Protection Insurance?
Mortgage Payment Protection Insurance pays your monthly mortgage repayment if you were off work due to sickness, accident, or unemployment. (Don’t forget that your home is at risk if you fail to keep up the repayment of loans secured against it.)
Is Mortgage Payment Protection Insurance the same as a Mortgage Insurance Guarantee?
No. Mortgage Payment Protection Insurance is totally different to a Mortgage Insurance Guarantee.
What is Mortgage Life Insurance?
Mortgage Life Insurance is sometimes called Mortgage Protection Insurance.
What happens if you need cover quickly in order to complete a house purchase?
You need to take action now. Complete the quotation form now and within 24 hours ClickLife will phone and sort everyting out for you.
You have an Interest Only Mortgage. What sort of Life Insurance do you need?
You need normal, level cover, Life Insurance.
It is important to realise that Life Insurance policies never have an investment value. If you survive to the end of the policy’s term, the policy is expired and there is no payout and no value left in the policy. A Life Insurance policy only has a value if there is a claim.

If you want your policy to have an end value, you need a Life Assurance policy. Life assurance is different to Life Insurance. A Life Assurance policy combines a guaranteed sum insured with a form of investment. The longer you pay the premiums the more, all being well, your policy will be worth. However, the monthly premiums may be quite steep.

 

A Frequently Asked Question related to the above topic.
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