Care Cover with Whole of Life Insurance

Our Care Cover with Whole of Life Insurance is there to help your clients prepare for how much later life care might cost.
It’s all about making sure they’ll have the support they need as they get older − we’ll pay 75% of their sum assured to cover any of the bills for their care.
If they don’t need to pay for care costs, they’ll get the full sum assured if they die or are diagnosed with a terminal illness.

Why choose AIG

Care Cover benefit
We’ll pay up to £300,000 to go towards your client’s care − they can increase the amount they’re covered for until their 71st birthday. Our Care Cover benefit is only available with the Whole of Life Insurance.
 
Whole of Life Insurance
AIG’s Whole of Life Insurance is also available on its own, without the Care Cover
option. To find out if it’s the right choice for your clients, have a read of our product page. 
 

Learn more

Inheritance tax or legacy

Care Cover with Whole of Life Insurance doesn’t have a term − your clients will be covered for the rest of their lives. So it might be the right product for dealing with the impact of IHT on the value of their estates. It can also help if your clients want to leave something behind for their families or pay for their funeral.

Writing your client's policy into trust

If your clients want to put their policies into trust, we’re on hand with example trust documents. This legal arrangement could ensure that money paid out for a claim goes straight to the people it needs to. It could also speed up death claim payments and help mitigate Inheritance Tax liabilities.

We can’t advise on whether putting any policy into trust would be the right thing to do for your clients and recommend they take professional legal and tax advice. Here’s our guide to explain how trusts work with AIG policies.

Download

Additional benefits of AIG

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Our Claims Support Fund

If your clients make a claim, we can pay up to £300 towards those things that might make life a little bit easier. Think travel costs to and from care homes or home removal costs − there’s no limit to what it can be used for.

Waiver of Premium

If your clients are under 55 years old when they take their policy out, they can add Waiver of Premium. This handy add-on extra means we’ll cover their premiums if they can’t work for more than 26 weeks due to illness or injury. All helping them stay insured.

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Smart Health

From on-demand consultations with UK based GPs to second medical opinions from Best Doctors®, our Smart Health service is a convenient way to connect your clients to tools that help them manage their health and wellbeing. It’s available 24/7, 365 days a year, anywhere in the world and can also be used by their partners and children up to age 21, all at no additional cost.

Smart Health is a non-contractual benefit that could be changed or withdrawn in the future.

FIND OUT MORE

Smart Health is a non-contractual benefit that could be changed or withdrawn in the future.
 

Waiver of Premium is available for clients who purchased their policy when aged 54 and below. This cover ends when the person reaches their 70th birthday.

Literature and support materials

Care Cover with Whole of Life - Key Facts

This document describes what is covered by Care Cover with Whole of Life Insurance, who can buy it and how it works.

Download Updated 25 Jan 21
Care Cover with Whole of Life - Cover Details

This explains how the cover works and the terms and conditions for Care Cover with Whole of Life Insurance.

Download Updated 25 Jan 21