If
you are an existing Policyholder and would like to
alter
your protection benefits, please contact our Customer
Helpline free on 0800
262536 Monday to Friday, between 8.00 a.m.
and 6.00 p.m.
A member of the team will be happy to help you.
Lifestyle
Protection - Lifetime Protection Plan
This
is a brief description of this plan and is for information
purposes only as the product is no longer available.
For full details
of all the aims, risks and benefits,
please refer to your Policy
Provisions or contact our Customer Helpline.
Product Description
Lifetime Protection
Plan is a whole of life Policy which is designed to meet your protection
needs
throughout your life. This means there is no maturity date. Lifetime
Protection Plan also provides the flexibility to choose the protection
benefits which suit your circumstances and to change your level of
protection benefits as your needs change in the future.
Benefits
The valuable
benefits which your Policy provides will be shown on your Policy
schedule. There may be one or more of the following:
Death Benefit If you die during the Policy term
this amount will be paid by your Policy and could be used
to repay your outstanding loans and secure the family home.
Alternatively, monies could be used to provide a financial
comfort zone for your family or provide your family with
the means to maintain their standard of living.
Critical Illness Benefit
If you are diagnosed with one of the critical illnesses covered, the Critical
Illness Benefit will provide a lump sum which could be used to repay a mortgage
loan, to pay for expensive medical treatment or provide
the means to buy specialist equipment to aid recovery or to maintain an acceptable
standard of living.
Income Replacement Benefit
If you are unable to work due to sickness or accident, we will pay you a monthly
benefit to help you pay outstanding loans or other financial commitments.
This additional source of income is designed to help relieve the serious financial
strain a sudden drop in income can put you and your family under.
Premium Protection Benefit If you are unable to work due to
sickness or accident, we will pay the Policy premiums for
you until
you are able to return to work.
Can
I Change My Protection Benefits As My Circumstances
Change?
You can apply to change
any benefits at any time.
You can choose to automatically
increase your premiums and / or your protection benefits
each year or just increase your protection benefits. These
increases can be at a fixed rate, or in line with the Retail
Prices Index.
You may be able to add new protection benefits to an
existing Policy.
What
Happens If I Stop Paying Premiums?
If your Policy has no cash value, then
your protection benefits will end.
If your Policy has a cash in value, then
your protection benefits will continue. The cost of maintaining
your protection benefits will be deducted from the value
of your Policy until this value has run out. Your protection
benefits will then end.
For more information
please call our Customer Helpline free on 0800
262536, Monday to Friday between 8.00 a.m. and 6.00 p.m. A
member of the team will be happy to help you.
Countrywide Assured plc
is authorised and regulated by the Financial Services Authority.
Countrywide Assured plc can only give advice on Life Assurance and Income
Protection Insurance business of Countrywide Assured plc.
