What types of cover can I choose?
Published 18/03/2016 12.01 PM | Updated 30/09/2016 01.03 AM
You can choose:
- Level cover - This means the amount of cover and the premium you pay is fixed when your plan starts, and doesn’t change. This means that as the cost of living increases, your cover will buy less.
- Decreasing cover - This type of cover is designed to cover the reducing amount owed on a capital and interest repayment mortgage. The amount of cover will go down each month, but the premium you pay is fixed when your plan starts and doesn’t change.
- Joint or single cover - You can choose to take out a plan that covers just yourself, or your spouse, civil partner or someone you share a financial commitment with as well.
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