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Help protect your family and loved ones with Direct Line Fixed Term Life Cover or Direct Line Mortgage Life Cover.
Ever wondered what would happen to your loved ones if you died? It may sound morbid, but investing in a life insurance policy is vital if you want to provide for your family or partner when you’re not around. Ensuring that they have a roof over their heads, bills are paid off and they can maintain the lifestyle they are accustomed to will give them – and you – one less thing to worry about now, and in the worst case scenario.
Direct Line offers you a choice of two life insurance policies from just 20p per day depending on your age and personal situation: Direct Line Fixed Term Life Cover pays out an agreed lump sum, offering financial security for those you leave behind; Direct Line Mortgage Life Cover is designed to cover the outstanding balance of a standard repayment mortgage, if you die.
To qualify for either life insurance policy you need to be between 18-70 years old next birthday, with a maximum age of 64 years to take the policy out. For Fixed Term Life Cover, the minimum sum insured is £20,000 (over the age of 40 years) with a maximum of £2 million and a minimum cover period of five years. Based on your expenditures and lifestyle, plus anticipated inflation rates where appropriate, you agree the amount when you take the policy out. Direct Line Mortgage Life Cover offers decreasing term assurance on a standard repayment mortgage with a reducing lump sum paid out in the event of a successful claim.
For Fixed Term Life Cover, the premium you pay – by direct debit every month – is also agreed at the outset and depends on the length of cover, your age and personal situation – whether you smoke for example. It’s worth taking into account that generally the more you delay, the higher the premium as you get older. If you take out a policy that includes critical illness cover then the premium is reviewable and therefore could change.
Both life insurance policies can be written in trust if required and can be taken out on a single life or joint life first death basis. Both Direct Line life policies pay out in the event of death or terminal illness. In the event of terminal illness the sum assured may be paid early if you tell us about it at least 18 months before the end of the policy term and subject to terms and conditions.
We also provide a policy which includes critical illness cover. Life and Critical Illness Cover pays out a lump sum if you either die or are diagnosed with a critical illness that meets our policy definition. Please note, we only cover the critical illnesses we define in our policy and no others. Check our terms and conditions for further details.
Plus, with Direct Line, there are no complicated forms to fill out – we do the paperwork for you. To get a life insurance quote, simply call us or apply online.
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