All about Standard Life Insurance

Standard Life Insurance is one of the famous financial services company in Europe providing comprehensive range of insurance, savings and banking products to protect your family against disability, illness or death. It offers various levels of protection like Renewable Protection, Level protection, Family Protection, Income Protection Plans. Standard Life has been providing insurance and investment services to its customers for over 180 years.

Standard Life offers a range of comprehensive high quality products and various types of Insurance to the matured adults with excellent service and they can adapt this insurance in order to have changes in life. They have assets worth more than the combined market value of Tesco, Cadbury Schweppes, Reuters, Shell, and Marks & Spencer.

Standard Life Protection Plans

The Standard Life Insurance plan pays a fixed amount of money to the policy holder or his family if he dies or suffers from critical illnesses or diagnosed with a terminal illness and not lives for more than 12 months or suffers from total permanent disability.

Level Protection Plan: The Level Protection Plan is a straightforward and simple type of protection designed to pay income if you die or are diagnosed with a critical terminal illness during the term. The plan term will be between 3 and 35 years depending on the type of cover. Standard Life also offers free accidental death benefit up to 30 days.

Mortgage Protection Plan: Mortgage Protection Plan also includes the same features as Level Protection but it also covers a repayment mortgage and reduces by a certain pre-set amount each year. Standard Life Bank offers a competitive mortgage payment protection insurance policy to protect your standard of living and keep up your mortgage payments in case of sickness, unemployment or injury.

Income Protection Plan: The Income Protection Plan provides a monthly and replacement benefit to replace some your lost earnings or if you are unable to work because of illness for a long time. In this Plan the income paid is free from income tax and capital gains tax which affect your claims to state benefits. A level of income cover which suits your needs will automatically increase the benefit, and the payments annually.

Critical Illness Protection: Standard Life Insurance offers cover in three arranging ways to pay out on diagnosis of a critical illness. They include Critical Illness Decreasing Protection, Critical Illness Level Protection, and Critical Illness Income Protection to protect their customers from serious financial hardship. Standard Life Insurance provides building insurance to their customers because it is a mandatory condition of all our mortgages. The Policy is designed to meet your individual circumstances so that you can get the right cover at the right price.

Renewable Protection Plan: This Plan also pays cash benefit if customers diagnosed or suffers from a terminal illness or die within the term. It consists of Renewable five year cover and is designed for 18 to 55 years old people and will be renewable every five years until 55. The Benefits include in this plan are Renewable premium, We can choose the amount, Life cover, Mortgage Assurance Option, Reducing benefit basis, Guaranteed insurability options on selected events.

Family Income Protection Plan: This Plan also designed to pay cash benefit as income if a customer diagnosed or suffers from a terminal illness or die within the term. This is for the people aged 18 to 79. The Period of the plan is minimum 3 years and maximum 35 years and ends at age 65. The Benefits include in this Plan are income can be converted to lump sum, Life Cover, Level benefit basis, Non-smoker discount, Guaranteed insurability options on selected events, Terminal illness, Guaranteed premium.

Standard Life Insurance Company stands in the lead position in providing excellent financial services to their customers. It also offers various types of pensions which include Company pensions, Stakeholder pensions, Personal pensions and Annuities. Standard Life has been awarded as the top Triple A rating by two leading international rating agencies.