The Children’s Mutual Announces A Twist On Traditional Life Insurance
Payout if you claim, premiums back if you don’t!
Traditional Term Insurance products ask people to pay regular insurance premiums on the understanding that if the person insured dies during the policy term a payment will be made to the family or executors. But, if the person insured survives the term neither they nor the family will receive anything back.
The Children’s Mutual has teamed up with insurance experts ACE Europe Life Ltd to offer customers the ACE Return of Premium Term Life Insurance policy, which gives families the financial security of up to £100,000 cover in the event of death. But – here’s the twist – with a guarantee that if the worst doesn’t happen all premiums paid will be returned. So, as well as peace of mind throughout the term of the policy, you’ll have something to look forward to at the end of it too!
Designed to be easy and affordable as well as rewarding, the Return of Premium Term Life Insurance can be applied for online by simply completing 4 straightforward questions to check eligibility. There is no medical to pass and the length of term is selected by the applicant at the time of submission – from 5 to 18 years – to reflect personal circumstances and requirements.
David White, Chief Executive Officer of The Children’s Mutual, comments: “We are delighted to announce the launch of what we believe to be the only product of this kind in the UK. We have worked closely with ACE to develop a form of Term Insurance that will offer our customers reassurance and value throughout as well as giving them an added reward at term end.”
It’s truly a win-win situation: protection for loved ones should the worst happen, and money back if it doesn’t. Here’s what it offers:
- Peace of mind for the whole family
- Up to £100,000 of cover
- All premiums back if the holder survives the full policy term
- Quick and easy application process
- Variable length of policy – from 5 – 18 years
- Affordable monthly payments
Special introductory offer
To celebrate this innovative new product, a special introductory incentive is being offered – pay just 99p a month for the first 2 months of cover. And if your partner also takes out cover they’ll pay just 99p a month for the first 2 months as well, plus receive 15% off all their monthly premiums after that. This fantastic offer will be available from May 2009.