Halifax Life Insurance
Updated: Every six months. Details correct at the time of publication - October, 2008.
Who gives you extra? Halifax has been constantly striving to fulfil the policy made famous on its TV commercial with its expanding insurance services. Halifax is establishing itself as a leading UK life insurance company with its life insurance (also known as ‘Halifax life assurance’ or ‘Halifax protection insurance’) plan with optional critical illness cover.
Halifax life insurance comes under the heading of a Halifax total mortgage protection plan. The plan can protect you from the impact of losing your income if you die, suffer a critical illness, become a full time carer, lose your job or suffer an accident or illness. Within this policy there are three types of cover – mortgage repayments cover, life cover and critical illness cover – which can be taken out individually or combined.
The company believes it offers an affordable and flexible alternative. Its life cover pays out a pre-agreed lump cash sum if you die during the term. With the addition of critical illness cover the plan will pay out a cash sum on the diagnosis of a specific list of illnesses. The price you pay also takes into account your personal circumstances and could even pay out if you go on to make a full recovery.
Crucially, you do not have to have a Halifax mortgage to take out a Halifax total mortgage protection plan – and even if you move from one mortgage lender to another, your plan can be maintained. Additionally, you can use one direct debit payment for all cover options.
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