FRANCIS & CAN Life Insurance

FAQ

  • Who can apply for Life Cover?
    Anyone aged between 18 and 64.
  • Can we get joint cover?
    Yes. You and your partner can apply for cover together, and unlike 'joint life' cover from most companies, our cover doesn't end when one claim is made. When you apply and pay for Life Cover together you'll not only get a discount, you also each get your own 'pot' of cover. So if one of you makes a claim, your partner's cover remains untouched.
  • Can I cover my mortgage?
    Yes.
    If you've got a repayment mortgage we can set up your cover to decrease during the term. This is similar to the way your mortgage goes down and will make your premiums cheaper. We base decreasing cover on the assumption that a repayment mortgage has a yearly interest rate of 10%. This should be to your advantage, as long as your mortgage rate is below 10%.
    If your repayment mortgage interest rate goes above 10% the cover may not repay your total mortgage if a claim is made.
    If you've got an interest only mortgage, your mortgage amount stays the same until you repay it all at the end. Level cover is designed to cover this type of mortgage.