It's easy to think that you will always be there to take care of your family, to protect and provide for their needs - but unfortunately it's something you can't guarantee.

But you have the option to help secure your family's financial future - and by selecting the right life protection you can ensure your family's future is protected.

Life Cover is designed to help protect the people that matter to you most, by ensuring financial help to them if you were to die or be diagnosed with a terminal illness. The cover will generally pay out a cash sum (the 'sum assured') in the event of your death or diagnosis of a terminal illness during the policy term.

Life Cover policies are designed to suit your specific requirements in terms of covering any outstanding financial commitments, whether it be to pay your outstanding mortgage balance, or to help with monthly bills and other ongoing payments.

Life Cover is the sensible and affordable way to prepare for the unexpected and helps to give you and your family the peace of mind to relax and enjoy life.

There are two main policy options that provide Life Cover. These are Mortgage Life Assurance and Family Life Assurance.

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Family Life Assurance is a way of providing financial protection for a spouse and/or children against the financial consequences of an unexpected death.

There are different policies to choose from dependent upon the level of cover you require. The amount of cover you need should take into consideration any financial commitments there may be, such as mortgage payments, loans and other regular expenses. You may want to seek advice from a Rest Eazy member of staff on the different policy types and benefits available before applying for cover, to ensure the plan you select meets all your needs.

Family Life Assurance differs from Mortgage Life Assurance in that your cover is not related to your mortgage. You can select the amount of cover you need to use towards any payments you want - it is not a mortgage specific policy

Benefits of Family Life Assurance

• Such cover can help to protect the financial security of your family and their future.
• You can arrange cover on a single or joint basis with your partner.
• You have the additional option to select Critical Illness Cover

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Mortgage Life Assurance is a policy that will decrease in value over a period of time, in-line with your mortgage balance. If you have this cover and if you die during the policy term then the cover will help to provide for your loved ones by paying out a lump-sum to help pay for the outstanding mortgage balance.

This type of policy is commonly used to protect a capital and interest repayment mortgage where the outstanding balance reduces each year, so the sum assured decreases over the term of the policy. It is sometimes referred to as Decreasing Term Assurance.

Benefits of Mortgage Life Assurance

• This cover will provide for the repayment of your outstanding mortgage balance to help secure your family's home and future.
• You can arrange cover on a single or joint basis with your partner.
• You have the additional option to select Critical Illness Cover

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Family Income Benefit (FIB) is a term insurance product that, in the event of a claim, pays out a regular income for the remaining term of the policy, instead of a 'one off' lump sum.

It is used to provide financial security covering regular financial commitments, including ordinary everyday living expenses, until a fixed point in the future.

Family Income Benefit is available as:

• Life Cover only called Family Income Benefit Life Insurance.
• Life & Critical Illness Cover called Family Income Benefit Life & Critical Illness Insurance.

All the policies are all available on a joint or single life basis and you can choose whether to include Waiver of Premium.

Example: A couple both aged 35 years old with a mortgage, additional monthly commitments of £1,000.00 a month and a 6 year old child might take out an FIB policy, alongside their mortgage protection policy, for £12,000 a year over a 15 year term to provide cover until the daughters 21st birthday.

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Critical Illness Cover provides a tax-free lump-sum on diagnosis of a specified serious illness, and then it is for you to use as you wish.

It is an option that can be added to your Family or Life Assurance cover and provides you with the added protection in the situation that you were diagnosed and survive a serious illness. The financial support you receive from the cover will be an immense help towards the mortgage and household bills. All you need to do is decide on the amount of cover you are likely to need.

Please note that if specified with a serious illness you can only claim Critical Illness Cover or Life Assurance not both. In the event of a critical illness claim you will receive the agreed cash sum and your plan will end.

This option is applicable to specified illnesses. Please speak with a Rest Eazy staff member for more details and to make sure you get the level of cover you need.

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