Standard Life life insurance

Updated: Periodically. Details correct at the time of publication – October, 2007.

Standard Life is part of the Standard Life Group and offers a comprehensive range of protection for life insurance, which some people call 'term assurance' or 'life assurance', designed to protect you and your family.

Its general life insurance level protection plans are designed for people wanting life insurance for their own life in case they die or suffer a terminal illness and are not likely to live for more than 12months. It takes its name 'level' as there is a guaranteed level of insurance and level of payment for the duration of the policy term – which can be anything from three- to 35 years. Free accidental death benefit is included from the date your application is received until the date it is accepted or declined (up to 30 days).

Standard Life mortgage protection life insurance is designed to supply a lump sum large enough to pay off your outstanding repayment mortgage if you die or are diagnosed with a terminal illness. The amount it could pay out decreases over the life of the plan.

As an additional option, Standard Life also provides critical illness cover on its own or with both forms of life insurance offered. This will pay out a lump sum if you are diagnosed with one of a range of critical illnesses, providing you survive for 28 days after diagnosis.