If you cancel your policy and stop paying your premium, your cover will end and you’ll receive no money back.
This isn’t a savings or investment product and has no cash value unless a valid claim is made.
Inflation may reduce the value of your cover.
Why choose Direct Line?
Early days advance payment
We’ll pay up to £5,000 in advance while your claim is being assessed.
This depends on the whether you take out Level or Mortgage Decreasing Term Assurance, the amount of cover you take, and the length of the policy you choose. Your choices need to be made after you consider your mortgage product, outstanding mortgage and mortgage term. If you have an interest-only mortgage, your outstanding mortgage loan stays the same until you repay it at the end of the mortgage term. Level Term Assurance could cover this type of mortgage. If you have a repayment mortgage, Mortgage Decreasing Term Assurance may be more appropriate. The amount of cover reduces broadly in line with the decrease in your outstanding mortgage loan.
No, your policy can only pay out once. This would happen on diagnosis of a specified critical illness or on death during the policy term. Your policy ends once a valid claim has been made and the cash sum paid out. There is an exception to this if your claim is for carcinoma in situ of the breast treated by surgery, low-grade prostate cancer requiring treatment, or a children's critical illness claim. The policy will continue as normal after a pay out in one of these circumstances.
This will depend on how the policy is set up, but you can control this.
In the event of your death, the payment will go to:
Your spouse/partner if you have a joint policy with them
Your estate, unless the policy is in trust or is owned by someone else
A trust, if you’ve put your policy in trust
In the event of a terminal illness or critical illness claim we’ll usually pay the money to the person covered. However, this won’t apply if the person covered doesn’t own the policy, or if they’ve given the benefit away as part of a trust.
Kindle eReader offer will be provided as a £75 Amazon.co.uk Gift Card together with a promotional code which gives you £10 off a Kindle eReader + you can choose a free Kindle eBook from a selection of titles. After purchasing the Kindle eReader the remaining £25 Amazon.co.uk Gift Card balance can be spent on any of the millions of items on Amazon.co.uk
Over 50s Life Insurance and Life Insurance gift card and gift terms & conditions
Eligible for a gift three months after the policy start date, provided you haven’t cancelled your policy. No cash alternative provided. Allow 30 days for delivery. One Kindle or gift card per policy sold, limited to two per household. Promoter: Legal & General, Knox Court, 10 Fitzalan Place, Cardiff CF24 0TL.