Your life insurance plan

For FutureYou planholders - a reminder of your plan's features and benefits

Tell me about my...

  • Level Protection Plan

    How it works

    Your plan pays out a lump sum if you die within the plan’s term. The amount you're covered for usually remains level throughout the term – hence the name.

    It can be used to…

    Protect you, your family, an interest-only mortgage or loan, or a business. The protection you get will depend on the type of cover you chose when you started your plan.

    Its main features

    • Pays out a cash lump sum if you die within the term of the plan.
    • Pays out within the term of the plan if you’re been diagnosed with a terminal illness and are expected to live less than 12 months.
    • You make fixed payments (unless you decide to increase the level of cover on your plan).

    You may have added…

    Critical illness benefit

    This benefit pays out if you’re diagnosed with a critical illness while the plan is in place and meets our plan conditions. It works in one of two ways depending on how much critical illness cover you have chosen.

    So, if you took out life insurance for £50,000 and critical illness benefit for £50,000, then claim the full critical illness benefit of £50,000, both your life insurance and critical illness benefit will end.

    But if you took out life insurance for £100,000 and critical illness for £50,000, then claim the full critical illness benefit of £50,000, the remaining £50,000 life insurance will be paid if you die.

    Indexation to automatically increase your cover

    This is just a technical way of saying your cover increases automatically. Your regular payments will increase as your cover increases. Check your plan documents to find out what rate your cover will increase by.

    All the details

    For a fuller explanation of the plan’s features and benefits, take a look at the Key features.

  • Decreasing Mortgage Cover Plan

    How it works

    Your plan’s cover decreases over time (just like a repayment mortgage) and should reach zero by the end of the plan’s term.

    It can be used to…

    Pay off an outstanding repayment mortgage or loan after you’ve died.

    Its main features

    • Pays out a cash lump sum if you die within the term of the plan.
    • Pays out if you’ve been diagnosed with a terminal illness and are expected to live less than 12 months.
    • You make fixed payments (unless you decide to increase the level of cover on your plan).
    • Cover gradually decreases to reach zero by the end of the plan’s term.

    You may have added…

    Critical illness benefit

    This benefit pays out if you’re diagnosed with a critical illness while the plan is in place and meets our plan conditions. It works in one of two ways depending on how much critical illness cover you have chosen. Bear in mind, both the life insurance and critical illness benefit reduce every month and the amount we pay you will be based on the cover remaining on your plan at the time of your claim.

    So, if you took out life insurance for £50,000 and critical illness for £50,000, then make a claim for the full critical illness benefit, both your life insurance and critical illness benefit will end.

    But if you took out life insurance for £100,000 and critical illness for £50,000, then make a claim for the full critical illness benefit, we’ll pay out the amount of critical illness cover remaining on your plan at that time. Your plan will then continue with the remaining amount of life insurance at the time of the claim.

    All the details

    For a fuller explanation of the plan’s features and benefits, take a look at the Key features.

  • Adaptable Life Plan

    How it works

    As the name suggests, the Adaptable Life plan pays out when you die, whenever that will be.

    It can be used to…

    Pay out a cash sum for your family or business when you die.

    Its main features

    • Pays out a cash lump sum when you die.
    • Pays out if you’ve been diagnosed with a terminal illness and are expected to live less than 12 months.
    • You make fixed payments (unless you decide to increase the level of cover).

    You may have added …

    Indexation to automatically increase your cover

    This is just a technical way of saying that your cover increases automatically in line with the average weekly earnings measure. Your regular payments will increase as your cover increases.

    All the details

    For a fuller explanation of the plan’s features and benefits, take a look at the Key features.