We can help protect your child's future and ensure their savings grow with an extra 1%* for 4 years on our One Day account!
Saving towards your child’s future is important. But what if you couldn’t work or lost a family income, for example due to a critical illness, and you couldn’t afford to pay for your current lifestyle let alone save for the future. It is therefore important that you consider protecting your family’s future as well.
We have a range of family protection products, offered in association with Legal & General, which could help to provide you with financial peace of mind in the event of death, diagnosis of a specified critical illness or if you are unable to work due to sickness or accident resulting in a loss of earnings.
We are offering an extra 1% interest for 4 years when you open a new One Day account if you also take out a new Legal & General protection policy.* You can pay up to £1,200 each year into the One Day account and the protection policy needs to be maintained to ensure the extra 1% is paid.
It may cost less than you think to protect your family’s future. Legal & General’s Family and Personal Income Protection Plan is designed to provide a monthly benefit in the event of death within a specified term. Critical illness cover can be taken as an option. The following gives you an example of the monthly benefit payable on death.
| Age next birthday | Cover - Monthly income | No of years - term | Monthly cost† | |
|---|---|---|---|---|
| Male | Female | |||
| 27 | 25 | £1,000 | 21 | £16.25 |
| 32 | 30 | £1,000 | 18 | £16.40 |
| 37 | 35 | £1,000 | 15 | £16.82 |
† This is based on a joint life policy, using non-smoker rates. Benefits included are Life cover, Terminal Illness cover and Waiver of Premium. Valid as at 16 August 2005. (The premium quoted is an estimate only and the actual premium will depend on individual circumstances.)
We can introduce you to a Legal & General adviser who can discuss your protection needs.
A plan could be put in place to help give you peace of mind about your family’s future.
*Terms and conditions apply. These are available on request.
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Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, credit cards, loans, mortgages and more.
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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).
