Protect your family - Life Insurance
What is Life Insurance?
Life Insurance, which we call Level Term Assurance, could pay an agreed lump sum if you die during the term of the policy. This could then be used to help provide financial support for your loved ones.
You must read and understand the Key Features document before you apply for life insurance as it outlines circumstances under which the policy would not pay out, as well as other terms and conditions.
Product summary
- It is designed to help financially protect your loved ones by paying out a lump sum if you die during the term
- The amount you pay could start from as little as £6 per month, dependent on your circumstances and needs
- Your payments stay the same throughout the term of the policy and can be paid monthly or annually
- The lump sum is agreed at the start of the policy
- You choose how much life insurance you buy, e.g. a multiple of your salary or enough to cover a loan or mortgage.
- You choose the length of the term – from 1 to 40 years although the plan must end before your 80th birthday
- Terminal illness cover ensures that your policy will pay out the lump sum if you are diagnosed with a terminal illness, rather than when you die
- You can get an immediate quote, and apply online, now
Risks you should consider
- It is very important that you provide all the information that we ask for, and that it is accurate. It's best to provide too much information than not provide something that could affect your policy. Failure to mention something, like a medical condition for example, could mean that a claim would not be paid.
- Life insurance is not an investment product. It will have no cash-in value at any time. Also, if you stop paying the premiums before the end of your policy your cover will end 30 days after your missed premium payment.
- Terminal illness cover does not apply to plans of less than 2 years or in the last 18 months of a policy term.
More information
Yorkshire Building Society introduces its customers to Legal & General for the purposes of advising on and arranging life assurance and investment products bearing Legal & General's name.
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