Term Assurance is a life assurance policy for which you choose the level of cover youneed and the length of time you need it. At the end of the specified term, the cover ceases. It’s as simple as that. The premiums and benefits remain level over the term of the policy.
A conversion option allows you to change your policy to a range of other policies to suit your needs, without the need for further medical evidence.
You can increase the level of cover by up to 5% per annum. This allows you to maintain the value of your cover in real terms.
This option pays a lump sum benefit on the diagnosis of certain serious illnesses.
There are numerous other optional extras to suit your needs. The above are the main ones.
As the name suggests, this is to protect your mortgage should you die prematurely or get a serious illness. The cover is based on your mortgage balance and remaining term. The amount of cover reduces each month in line with your mortgage paymentsso that the balance is always covered.
Serious illness: This option pays a lump sum benefit on the diagnosis of certain serious illnesses.
Carty & Cullen Limited T/A Carty Cullen is regulated by the Central Bank of Ireland
Registered Address: Unit 1F, Deerpark Business Centre, Claregalway Road, Oranmore, Co Galway.
Registration Number: 331316 - Registered in Co. Galway.
Directors : Michael Carty & George Cullen
Phone: (091) 751 067 - email: email@example.com