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This cover
is only available if you have taken out the Personal Accident Insurance.
The Life Insurance Option allows you to extend your insurance to cover
death by natural causes and to
receive payments in the event of critical illnesses (heart attack, cancer or stroke
as defined in Part Three of the Terms and Conditions).
No medical examination is necessary. The only requirement is for you to be able
to sign a simple health declaration on the enrolment certificate.
If you choose to take out this option, and are able to
sign the simple health declaration, cover is automatic.
The same number of Personal Accident Insurance units purchased and the extent
of cover chosen (Individual or Family plan) will apply to the Life Insurance option.
So,
if you have chosen the Family plan your wife, husband
or partner and children will also be insured. If you are
a single parent your children will be insured under your Individual plan. Cover
for children applies from 28 days old up to 18 years old, or 23 if in full-time
education.
What if I’m not sure about signing the
Life Insurance Declaration?
If you are in any doubt you should contact the Customer Service Centre.
0800 212 480 (fom the UK
only)
+44 20 8662 8126 (from
overseas)
Accelerated benefits cover in the event
of terminal illness
If you are diagnosed as having a terminal illness, we
will pay the full death benefit immediately. A terminal illness is an advanced
or rapidly progressing illness where, in the opinion of an attending Consultant
and
our Chief Medical Officer, life expectancy is no greater
than 12 months.
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Critical illness cover
also included
£4,000* will be paid for each unit of cover if you are diagnosed
with one of the following critical illnesses
as defined in the Terms
and Conditions |
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a heart attack |
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cancer |
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a stroke |
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If at a later date, a death claim is made for the same insured person, the total
amount paid for death and critical illness will not be more than the death sum
insured for each unit of cover. It will not be more than £7,500 in total
in respect of a child under 16 years old (regardless of the number of units purchased).
Note: The death benefit is payable free of tax. Once
we have paid the benefit it may become part of the deceased's estate and be subject
to inheritance tax.
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Examples
of Life Insurance and Critical Illness claims
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An RAF plan member with
12 units of cover died as the result of a heart attack.
His estate received £120,000
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An Army plan member claimed on diagnosis of a
critical illness (cancer) - he had selected 15 units
of cover.
He received £60,000
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A Navy plan member purchased 10 units of cover.
He was diagnosed with terminal cancer – the death benefit was paid immediately
on diagnosis.
He received £100,000
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