Tesco : Decreasing Cover Life Insurance with Critical Illness

Product profile

Description

• A simple protection policy, paying a fixed lump sum if you die during the policy term, that decreases every year in line with your mortgage
• It pays a cash sum to help look after your family's future and interest only mortgage upon your death or critical illness

Age

Maximum amount payable

Critical illnesses covered

• Alzheimer's disease

• Aorta graft surgery

• Aplastic anaemia

• Bacterial meningitis

• Benign brain tumour

• Blindness

• Cancer

• Cardiomyopathy

• Coma

• Coronary artery bypass grafts

• Creutzfeldt-Jakob disease

• Deafness

• Encephalitis

• Heart attack

• Heart valve replacement or repair

• HIV from physical assault

• HIV from blood transfusion

• HIV/AIDS from eligible high risk occupation

• Kidney failure

• Liver failure

• Loss of hands or feet

• Loss of speech

• Major organ transplant

• Motor neurone disease

• Multiple sclerosis

• Open heart surgery

• Paralysis of limbs

• Parkinson's Disease

• Permanent and total disablement

• Primary pulmonary hypertension

• Progressive supra nuclear palsy

• Respiratory failure

• Stroke

• Systemic lupus erythematosus

• Third degree burns

Not Covered

• Any illness not specified
• Some forms of cancer
• Children:
  • Alzheimer's Disease
  • HIV/AIDS from high risk occupation
  • Parkinson's Disease
  • Permanent and Total Disablement
  • Pre-senile dementia
  • Progressive supra nuclear palsy

Benefits

• You choose the amount
• Decreasing benefit basis
• Life cover 
• Terminal illness
• Critical illness
• Children's critical illness
• Fixed monthly premiums
• Mortgage increase and extension option

Option

Waiver of premium benefit