Lifesearch LifeSearch voted the Protection Intermediary of the Year for 2013 by Money Marketing magazine
Skip Navigation LinksHome >> Real Life Cover >> Real Life Cover vs Life Insurance
sendLink
0800 316 3166

How Real Life Cover compares to Life Insurance


Ordinary Life Insurance

Real Life Cover

John takes out £250,000 of Real Life Cover or ordinary life insurance

John has £250,000 of life cover

John has £250,000 of life cover and a £250,000 Living Fund

At 42 John develops cancer

He can't claim anything

His Living Fund pays him a lump sum of £30,000 - 12% of his sum assured

He has to take 8 months off work to recover

John can't claim anything and needs to keep paying his premiums

After 2 months off work his Living Fund pays him £2,500 a month - 1% of his sum assured. We pay his premiums until he returns
to work

John has a car accident and has to take time off work

He can't claim anything and still needs to pay his premiums

After 2 months his Living Fund pays him £2,500 a month - 1% of his sum assured. He gets this for 7 months. Until he returns to work, we pay his premiums

John's doctor recommends specialist physiotherapy

John has to wait for physiotherapy. So it's 6 months until he's back to work

His Living Fund pays £2,500 for physio. He could have had up to £7,500 - 3% of his sum assured. He's back to work in 3 months

John has a severe stroke

He can't claim anything

His Living Fund pays him a lump sum of £30,000 - 12% of his sum assured

Since his stroke John has been unable to work

John can't claim anything and still has to pay his premiums

After 2 months, his Living Fund starts paying him £2,500 a month. There is £155,000 in his Fund, enough for 5 years and 2 months of payments

John dies

His insurer pays his family £250,000

Even though his Living Fund had run out, we continued to pay his premiums - so we pay his family £250,000 life insurance

With ordinary life insurance John's family have received £250,000.

With Real Life Cover John and his family have received £500,000 plus 75 months worth of premiums paid.

LifeSearch Real Life Cover image
Help Required?

If you require help, have questions or queries or if you would prefer to speak with an adviser call:

0800 316 3166

Free and friendly advice available without obligation.

UK call centre ready to help you with your Real Life Cover questions.

8.00 am – 8.00 pm Monday to Friday,
9.00 am – 6.00 pm Saturday.