Level Term Assurance & Critical Illness Cover

What is Level Term Assurance (LTA) & Critical Illness Cover (CIC)?

Level Term Assurance (LTA)

Level Term Assurance policies have a known level of cover that will be paid out in the event of death within a known period of time. Premiums remain level throughout and should you survive the policy term, there will be no benefit. As this type of contract only provides cover in the event of death there is no surrender value, so if you stop paying the premiums at any time, your cover will cease.

Critical Illness Cover (LTA)

A Critical Illness plan is designed to pay out a lump sum if you are unfortunate enough to suffer from any of the specified critical illnesses but survive for a period of time after diagnosis (normally 28 days). The lump sum could be used to pay for things like nursing care, home-help, adapting your house to accommodate a disability, it could pay off your mortgage or give you a holiday to recover from treatment.

Find out more in our Level Term Assurance (LTA) & Critical Illness Cover (CIC) Guide

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