What types of cover can I choose?

Published 18/03/2016 12.10 PM   |    Updated 30/09/2016 01.03 AM

For Mortgage Payment Protection, you can only choose level cover.

For Living Expenses Protection you can choose either level cover, or inflation-linked cover.

  • Level cover: This means the amount of your cover and the premium you pay is fixed when either your Mortgage Payment Protection, or Living Expenses Protection policy starts, and doesn’t change. If you choose level cover, inflation will mean that the amount of cover you choose now will buy less in the future.
  • Inflation-linked cover (Living Expenses Protection only): This means the amount of cover you choose and the premium you pay for your Living Expenses Protection will both go up each year in line with inflation. If we’re paying a claim when an increase is due, we’ll limit the increase to a maximum 12% for that year. More information on inflation-linked cover can be found in Section C1 of the Plan Conditions.

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