Many people believe that critical illnesses will never happen to them but situations like these happen every day to all different kinds of people.
It is important to know, for your peace of mind and that of your family, that protection and financial care will be available if a critical illness does occur.
Liverpool Victoria offers a Decreasing Tem life insurance plan that offers critical illness cover.
What is Life Insurance with Critical Illness from Liverpool Victoria?
Life insurance with critical illness from Liverpool Victoria is an insurance plan that offers a lump sum payout when the policy holder passes away or is diagnosed with one of approximately 60 recognised critical illnesses during the policy’s term. This also includes partial payments from a list of approximately 20 additional conditions and if claimed, the full amount of cover on the policy will remain and critical illness cover for children is included at no extra cost.
LV gives policy seekers the option of choosing the amount of cover they desire as well as how long that cover will be in effect. Premiums can begin as low as £5 a month depending on the plan chosen. Premium payments can be set as guaranteed or reviewable.
Joint cover is available and Liverpool Victoria also offers the option of having premiums paid for an up-charge if you are unable to work. Finally, policy seekers are given the choice of cover options, including decreasing term life insurance.
Decreasing Term Life Insurance with Critical Illness from Liverpool Victoria
Decreasing Term Life Insurance with Critical Illness is a plan option that covers the policy holder for a set amount of time and pays out to beneficiaries when they pass away or if they are diagnosed with one of the recognised critical illnesses. With this policy option, the amount of cover goes down each year while premium payments remain the same – the level of cover is designed decrease at the same rate as the amount owed on the policy.
Primary Benefits Of These Plans
There are some important advantages that come along with Decreasing Term Life Insurance with Critical Illness from Liverpool Victoria. If you wish to leave a cash sum payment for family and dependents, decreasing term may be right for you – this cash sum can be utilised to pay off mortgages and other outstanding debts. Also, this decreasing term option is more affordable than others, such as level term, which can make getting and maintaining life insurance cover easier.
Decreasing Term Life Insurance with Critical Illness from Liverpool Victoria is a great option for those who are concerned about how their family will manage if they pass away or are diagnosed with a critical illness. If you are interested in learning more or applying for this cover from Liverpool Victoria, contact Claybrooke.
Our knowledgeable insurance advisors can help walk you through the process and will work closely with LV to get you the best deal available.