Decreasing Term Assurance

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Key Features

A Plan where the initial level of life cover reduces by level amounts each year throughout the term of the policy.

Aims

• To provide a guaranteed sum of money if you die during the period you've chosen for cover. The amount gradually decreases over the period you choose.
• If you also choose critical illness cover: To pay you the guaranteed amount of money (again, decreasing over the period you choose) if you're diagnosed as having a specified critical illness (instead of upon death) during the same period.

Your Commitments

• You agree to pay regular premiums for the term you have chosen for your Plan.
• If you select critical illness cover, you must inform the insurer of any changes in occupation or employment status because this may affect your cover.

Risk Factors

• If you stop paying your premiums your Plan will end.
• There is no cash-in value with this Plan at any time.
• The Plan will not pay out if you do not disclose any requested information.
• For critical illness cover: the Plan will not pay out if a claim arises from an excluded cause.