Terms & Conditions: If you die within 12 months of natural causes all your premiums are returned and the policy ceases to remain in force. If you die anytime after the 12 months the guaranteed sum assured (the amount of life cover shown on the policy) is paid out. If you die within 90 days of an accident the policy pays out the guaranteed lump sum. Should the accident be abroad within 90 days of the accident while on holiday the amount paid out is doubled to recognise the cost of bringing someone back to the UK. If you go in to long term care on the advice of a doctor and you have been paying the monthly premium for 10 years or more you will no longer have to pay the monthly premium but the policy remains in force until you die, at which time the guaranteed lump sum is paid out. On the policy anniversary before your 90th birthday you are no longer required to pay the monthly premium but the policy remains in force. There is a minimum monthly premium of £10 and a maximum of £40. If you miss 3 months at any point the policy is temporarily closed and you have 13 months from the date of the first missed payment to re-instate the plan if you re-pay all the missed payments. Should you cancel the policy at anytime the life cover stops unless you cancel within 30 days of receiving your welcome pack, in which case your monthly premium is refunded. Payout on death is free from personal liability for income and capital gains tax. The person receiving the payout may have to pay inheritance tax, unless they are your spouse or partner or your policy is in trust. This information is based on the current tax law and practice, which can be subject to change.