Risk Factors

If you do not pay your premiums the policy will lapse and you will lose all potential benefits under the plan.

The plans have no cash in value at any time.

If you do not provide the information asked for, the insurer may not pay out under the plan.

Decreasing Mortgage Insurance does not guarantee to repay all of an outstanding loan
It is important that you read the key features document fully.

Flexibility

The plans cannot be altered once started.  The plans are not designed to be flexible.

Tax rules for life insurance

Under current tax rules, pay-outs for critical illness, terminal illness and life claims are usually free of personal liability to pay income tax and capital gains tax. However, in some circumstances your pay-out may be subject to inheritance tax. You can normally help avoid this by putting your plan in trust. Bear in mind that the law relating to tax may change in the future.