https://www.aiglife.co.uk/intermediaries/products/life-start/term-assurance Individual Protection from AIG

Life Start Term Assurance

If your clients would prefer their premiums to be more affordable early on, they can choose our Life Start option.

If your clients would prefer their premiums to be more affordable early on, they can choose our Life Start option.

What we cover

Life Start term assurance covers your client against death or terminal illness for the full duration of the policy term – it’s simply another way to pay.

Unlike other providers, we don’t exclude claims for terminal illnesses diagnosed in the last 12 or 18 months - AIG covers your client against both death and terminal illness right up until the last day of their policy.

In addition, all Start range policies include Best Doctors and Winston’s Wish for the person covered and their immediate family.

Flexible options

Premiums

Switch to level premiums at any point. Life Start premiums increase at a fixed 3.5% each year and will be shown in your client’s quote illustration, so there are no surprises.

If your client later wants to stop their annual premium increases, we can reduce their sum assured and switch them to level premiums at any point.

Setting up the policy

When setting up the policy, you can choose:

  • Single Life or Joint life
  • Own Life or Life of Another
  • Waiver of Premium
  • A sum assured that is level

Limits of the policy

Min/max age at entry

17-86

Max age covered

89

Min/max term

3-70

Max benefit

No maximum

Max benefit before we ask financial questions

£500,000

You can also choose to add waiver of premium to cover costs during working life if the person covered is unable to work:

 

Max age at entry

54

Max age covered

69

 

Check the Life Start Term Assurance - Cover Details for a full explanation of Waiver of Premium.

Making changes to the policy

Your client can increase their sum assured without further underwriting up to 13 weeks after they:

  • marry or enter into a civil partnership; or
  • have a child or legally adopt one; or
  • increase the amount of their mortgage to buy a new home or to pay for improvements.

If necessary, they can also:

  • Change the term of the cover;
  • Reduce the sum assured;
  • Stop or restart annual increases;
  • Change from a decreasing to a level lump sum;
  • Add another person;
  • Split a joint life policy; and
  • Change how often and when a premium is paid

Check the Life Start Term Assurance - Cover Details for a full explanation of any limits to these changes.

Literature and support materials

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Start Range Sales Aid

Sales aid
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Life Start Term Assurance - Cover Details

Cover Details document
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Life Start Term Assurance - Key Facts

Key Facts document
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Reasons why - AIG YourLife Plan / Start range (all options)

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