About Term Life
ACE Level Term Life Insurance
The length of an ACE term life insurance policy is from 5 years up to 18 years which gives you the choice of how long you want your guaranteed protection period to last for. So the term could last until your children turn 18, covering the period when your family would be in the most need of financial assistance if the worst was to happen. The amount we pay if you die is also guaranteed by ACE to remain level for the number of years you select. It will not decrease each year, but will remain level for the number of years you select. Term insurance provides you with a GUARANTEED contract: GUARANTEED level benefit amount; GUARANTEED length of time (5 to 18 years); and GUARANTEED level premium (one that can never be increased during your specified length of term).
The policy pays out if you die where death is due to illness, accident or natural causes. Subject to exclusions. Click here to view policy wording.
Return of Premium Level Term Life
We offer a return of premium term life product which gives you back 100% of the premiums you have paid during the policy term at the end of the term, provided that the policy is still in force and you have not made a claim.
For example, as an illustration of the return of premium amount:
25 year old man – non smoker – 15 year Policy Term - £25,000 Sum Insured
Monthly premium: £7.99
Return of premium amount: £1438.20
Plus, with ACE Return of Premium Term Life, it’s quick and easy to apply. There are no lengthy medical questionnaires to complete – in fact, we only ask 4 simple questions and if you're eligible you can be covered straight away.
Why buy from ACE?
ACE has offered insurance for many years and even through these difficult financial times continues to be very stable. ACE has achieved this through sensible investments and careful assessment of risk. ACE is able to use the premiums you pay in creating the extra income necessary to pay out benefits. To manage risk, there are terms and conditions to the policy, for instance we will not offer cover to everyone and some causes of death are not covered, to which we draw your attention.