This cover will pay out if death occurs and provides an income per year for the term remaining on the policy. For example, for a 20-year term, where the claim occurred after five years, there would be 15 annual payments made in total. Payments can paid out either monthly or annually.

The payments are not normally subject to income tax but may impact some state benefits.

THE PLAN WILL HAVE NO CASH IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

STOCK DATA
Value Move %
FTSE 100
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FTSE 250
19884.73 74.07 0.374
FTSE 350
4383.21 12.07 0.276
FTSE All Shares
4338.05 12.12 0.28
Dow Jones
39807.37 47.293 0.119
Nasdaq
16379.458 -20.063 -0.122