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The Mortgage Operation – Total Cover Plan

Thursday, 28 June 2001.



Type: Mortgage protection product including decreasing term assurance, accident, sickness and unemployment cover and critical illness cover.

TERM ASSURANCE

Type: Decreasing term assurance.

Minimum sum assured/premium: £1,000/£8 a month.

Minimum-maximum term: Five years – 45 years.

Charges: None.

ASU MORTGAGE PROTECTION PLANS

Maximum benefit: 8 per cent of mortgage.

Benefit payment term: Accident and sickness five years, unemployment 12 months.

Deferred period: 60 or 90 days.

Premium: Subject to negotiation.

CRITICAL ILLNESS

Minimum premium/cover: Subject to negotiation/£5,000.

Maximum cover: £1m.

Illnesses covered: Blindness, cancer, coronary artery by-pass surgery, deafness, heart attack, kidney failure, major organ transplant, motor neurone disease, multiple sclerosis, paralysis or paraplegia, Parkinson&#39s disease, stroke, terminal illness, total and permanent disability.

Minimum-maximum ages: 18-65.

Charges: None.

Options: None.

Commission: Subject to negotiation.

Tel: 01483 552688.

 

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