Insurance

Protect your family - Life Insurance

What is Life Insurance?

Life Insurance (also known as Level Term Assurance) could pay an agreed lump sum if you die during the term of the policy. This could then be used to help provide financial support for your loved ones.

Before you apply for Life Insurance you must read and understand the product summary and risks below and the Key Features document as it outlines circumstances under which the policy would not pay out, as well as other terms and conditions.

Product summary

  • It is designed to help financially protect your loved ones by paying out a lump sum should you die during the term
  • You could pay as little as £6 per month, depending on your circumstances and needs
  • Payments are fixed throughout the term of the policy and can be paid monthly or annually
  • It is up to you how much cover you want. Try our handy cover calculator to help you decide
  • You choose the length of the term - from 1 to 40 years although the plan must end before your 80th birthday
  • You benefit from Terminal illness cover during the term of the  policy - if you are eligible to claim, your policy will pay out the lump sum if you are diagnosed with a terminal illness, rather than when you die
  • You can get an immediate quote, and apply online, now

 


 

Risks you should consider

  •  It is very important that you provide all the information that we ask for, and that it is accurate. It's best to provide too much information than not provide something that could affect your policy. Failure to mention something, like a medical condition for example, could mean that a claim would not be paid.
  • Life insurance is not an investment product. It will have no cash-in value at any time. Also, if you stop paying the premiums before the end of your policy your cover will end 30 days after your missed premium payment.
  • Terminal illness cover does not apply to plans of less than 2 years or in the last 18 months of a policy term.


 

More information

Yorkshire Building Society introduces its customers to Legal & General for the purposes of advising on and arranging life assurance and investment products bearing Legal & General's name.


Get a quote and apply now

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Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.

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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).