Debenhams Life Insurance.

Review of Debenhams Life Insurance.

Debenhams offer life insurance with pricing starting from as little as £5 per month. Debenhams life insurance is provided by theidol.com. Registered address: Unit 3 Mason Court, Penrith 40 Business Park, Penrith, Cumbria, CA11 9GR. theidol.com is a trading style of Investment Discounts On-Line Limited who are authorised and regulated by the Financial Services Authority.

Some of the Debenhams features are £50 Debenhams gift card when you take out a policy online (Your gift card will be sent to you after you have made your sixth month's life insurance payment)
With Debenhams you can take out the life assurance plan on your own or with someone else. The cash sum is normally payable on the first claim only.  

Debenhams offer

Decreasing Mortgage Life Insurance- A decreasing mortgage life insurance policy is used to help pay off the outstanding balance of your mortgage with a cash sum if you should die before your mortgage is repaid. Over time, the level of cover provided by the policy falls to reflect your reducing mortgage loan, so you are paying only for the cover you need.

Life Level Term Insurance- It's a Life Insurance policy that pays out a guaranteed cash sum if you die during the term of the policy or are diagnosed as suffering from a terminal illness.

Critical Illness Cover- Critical Illness Cover option pays out a cash lump sum if you are diagnosed with a specific critical illness - this is normally payable if you survive for a period of more than 28 days after being diagnosed. The lump sum could pay for things like nursing care, home-help, adapting your house to accommodate a disability; it could pay off your mortgage or give you a holiday to recover from treatment.

They also offer  Premium Payment Protection Cover and with this option the premiums can be waived during a period of incapacity exceeding the deferred period. Incapacity means that you are unable to continue working or fail certain Activities of Daily Living through illness or disability. Full terms and conditions can be found on the Debenhams Life Insurance website.