Protect Mortgage In Event Of Serious Illness Flashcards
1
Q
Decreasing term CIC
A
Pays out tax free sum on diagnosis of CI and survive 30 days
2
Q
Joint life first event
A
Amount required likely to be the same
3
Q
Sum assured
A
£175k as value of outstanding mortgage
4
Q
Term of 20 years
A
Value of outstanding term
5
Q
WOP
A
Ensures policy maintained in event of long term illness or disability
6
Q
Guaranteed premiums
A
Ensures the cost of the policy
