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Who to cover

If you choose you and a second person to be covered then you will be provided with joint cover. This means that one payment would be made on the death of one of you (or the first to suffer a critical illness if this option is chosen) and the plan will then end.

Type of cover

Level Term is where the cover stays the same over the duration of the plan. This is often used to provide a lump sum payment that will help the family maintain their standard of living.

Decreasing Term is where the cover decreases over the duration of the plan, with the aim of providing a lump sum that can be used to pay off a 'capital repayment' loan or mortgage. (This is the type of loan or mortgage where you gradually repay the amount you have borrowed).

Amount of cover

The amount of cover will depend on your personal circumstances.

Things to consider include:

• Outstanding mortgage/loan amounts.
• How much your family will need to live on.
• Education fees for your children.
• Childcare costs.
• Other expenses.

How long do you want your cover to last?

Cover is available for 2 to 40 years. The term, however, can’t extend beyond your 70th birthday.

When deciding the length of cover, some factors to consider are:

• The length of your mortgage
• How long before your family can support themselves.