Low Start offers the same great cover as YourLife Plan, but at a lower initial cost, making it more affordable in the early years. LowStart is available in two forms: life insurance only or life insurance and critical illness cover.
The key difference to traditional insurance is the cost. The cost of Low Start premiums – as the title suggests – are lower at the start of your insurance and rise over time. Depending on how long you keep the cover for, a Low Start plan could eventually cost more than a YourLife Plan.
However, the amount you pay each year is fixed from day one and we will tell you how much you will be paying each year during the lifetime of your plan. You can opt out of this increase or switch to level payments at any time. This may reduce the amount of benefit you receive.
In the current economic climate, Low Start could help you afford the level of protection that’s right for you - whatever your budget.
In total, Low Start Critical Illness Cover with Term Assurance covers 80 conditions, and we’ve made sure the ‘big four’ conditions – cancer, heart attack, multiple sclerosis and stroke - along with another 13 of the most critical conditions, are covered by definitions that go beyond the ABI’s standard. Low Start provides the same great cover as YourLife Plan critical illness cover - it’s simply another way to pay.
Most people don’t realise that children are actually one of the most common reasons for people needing to claim. That’s why we automatically cover any children you have now or in the future – as standard. Our enhanced children’s critical illness cover allows a parent to claim up to 50% of the value of their policy, up to a maximum of £25,000, if their child is diagnosed with one the critical illnesses we cover. We also include seven additional child-specific conditions such as Diabetes Type 1, Down’s syndrome or spina bifida. We also double the total payment, up to a maximum of £50,000, if curative or stabilising treatment is only available overseas and pay £5,000 as a child death benefit if your child dies during the term of the cover.
Low Start cannot be purchased direct from AIG. We recommend you speak to a financial adviser to find out what and how much financial support you need, as well as deciding which of our products and features suit you best.
If you don’t already have an Independent Financial Adviser, you can find one at https://www.unbiased.co.uk
If you would like to know more about any of our products, you can download a copy of the Key Facts or Cover Details documents: