Direct line international life insurance |
Direct line international life insurance
Direct line international life insurance policy helps in providing lump sum amount to your family after your death, so that the dependents can live comfortably and members of your family can seek education. It offers a good deal to get life insured in just a trivial amount. One can do this online or through the phone and no complicated forms are to be filled.
One can get the insurance cover instantly. One can apply for insurance cover along with the critical illness protection to safeguard one’s family if identified with the specified serious illness.
Direct line international life insurance policy has two main covers as fixed term life cover and mortgage life cover. The fixed term life cover policy is the protection one which ensures that the complete amount is paid to the family after death occurs in the defined period of time according to the terms and conditions of policy. Here, the value of life cover remains constant throughout the policy.
Mortgage life cover policy is the protection one with decreasing nature where the level reduces roughly every year with the unpaid balance on repayment mortgage. The sum insured and the period of time are similar as the mortgage provided the policy is sufficient and the interest rate also should not rise above 12% p.a.
The minimum age for taking out a policy is 18 and maximum age to open till 65. Both the policies can be set up on single life or joint life cover pattern. One can pay the premium by direct debit on monthly basis and it is fixed and remains same throughout the terms.
There is no facility for cash back or surrender value at the end; it just expires after the term.
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