What types of cover can I choose?

Published 18/03/2016 11.57 AM   |    Updated 30/06/2016 01.04 AM

You can choose:

  • Level cover - This means the amount of cover you choose and the premium you pay are fixed when your policy starts, and doesn’t change. If you choose level cover, the amount of cover you choose won’t keep up with inflation and will be worth less in the future.
  • Inflation-linked cover - This means that the amount of cover you choose and the premium you pay will both go up each year in line with inflation. This may be shown on your personal quote as increasing amount of cover, or index-linked amount of cover.
  • Decreasing cover - This type of cover is specifically designed to cover the reducing amount that’s owed on a capital and interest repayment mortgage. The amount of cover you choose will go down each month, but the premium you pay remains the same.

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