Zurich Life Insurance: Does Suicide Get Covered?

Life insurance is a valuable financial safety net for your loved ones, and Zurich is one of the UK's biggest insurance companies. Zurich's life insurance policies pay out a cash lump sum to cover key expenses like mortgage repayments or funeral bills if you die. The company offers various types of life insurance, including level-term (family) life insurance, decreasing (mortgage) life insurance, and family income benefit. Zurich life insurance includes terminal illness cover as standard, which pays out if you are diagnosed with less than 12 months to live. But does it cover suicide?

Zurich life insurance covers suicide after the first 12 months of the policy

Zurich life insurance provides peace of mind and financial protection for you and your loved ones. It offers a range of flexible life insurance options to suit different needs, including level-term (family) life insurance, decreasing (mortgage) life insurance, and family income benefit.

While life insurance is not mandatory, it can provide valuable financial assistance in the event of your death or serious illness. Zurich life insurance policies pay out a cash lump sum to cover key expenses such as mortgage repayments or funeral bills, providing financial security for your family during an emotionally difficult time.

One important aspect of life insurance is its coverage of suicide. Zurich life insurance does cover suicide, but there is a specific condition attached to it. Suicide is covered by Zurich life insurance policies only after the first 12 months of the policy. This is known as a suicidal death clause, and it is a common provision in many life insurance policies. The exclusion of suicide claims within the first 12 months of the policy start date is a standard practice in the industry.

It is essential to carefully review the terms and conditions outlined in the product disclosure statement (PDS) to fully understand the coverage and any applicable exclusions. Additionally, it is worth noting that life insurance providers may apply wider exclusions beyond suicide. For example, participating in illegal activities, engaging in dangerous activities, or providing false information about your health during the application process may result in the denial of a claim.

The policyholder's family can use the insurance money for funeral bills

Zurich life insurance provides financial protection for your loved ones in the event of your death or terminal illness diagnosis. It offers peace of mind that your family will be taken care of financially during an emotionally challenging time. The policy provides a lump-sum payment to your beneficiaries, which can be used to cover various expenses, including funeral bills.

Funeral expenses can be a significant financial burden for grieving families, but Zurich life insurance can help alleviate this stress. The policy's flexibility allows your loved ones to use the insurance money as they see fit, ensuring they can maintain their lifestyle and cover essential costs. This includes paying off debts, everyday expenses, and funeral costs.

Zurich's death cover ensures that your family's financial security is protected even when you're not there to care for them. It provides a safety net, allowing your loved ones to focus on their well-being during a difficult time without the added worry of financial strain.

The policy offers tailored cover, allowing you to set the benefit amount within the product limits. This customization ensures that your beneficiaries receive the appropriate amount of financial support, including for funeral expenses, without paying for unnecessary coverage.

Additionally, Zurich's Ezicover Life Insurance offers a simple and straightforward solution for those who know the type and amount of cover they need. It provides protection for your loved ones at a competitive price, ensuring they have the resources needed to cover funeral costs and other expenses during their time of grief.

With Zurich life insurance, your family can rest assured that they will have the financial means to handle funeral bills and other necessary expenditures. This aspect of the policy is designed to provide comfort and ease the burden on your loved ones during their time of loss.

Zurich offers free critical illness cover while the application is being processed

Zurich offers comprehensive life insurance plans that provide financial protection for you and your loved ones in the event of serious illness, injury, or death. While the specifics of Zurich's life insurance policies vary depending on your location, there are some standard features and benefits offered across the board.

One notable feature is the inclusion of critical illness cover. Zurich recognises that a critical illness can have a significant impact on your life, affecting your ability to work and resulting in financial strain. To address this, Zurich offers critical illness protection plans that provide a financial safety net during such challenging times.

What sets Zurich apart is their commitment to supporting customers from the very beginning. They offer free critical illness cover while your application is being processed. This means that during the interim period, you are already protected in case of a critical illness diagnosis. This interim cover ensures that you don't have to worry about financial uncertainties while waiting for your full life insurance policy to come into effect.

Zurich's critical illness cover is available through its Protection Plan offerings. It can be purchased as a Level Protection Plan, which includes life cover or earlier critical illness cover, or even life cover with extra life cover. Alternatively, it can be added to a Decreasing Mortgage Cover Plan, which is often purchased alongside life insurance. This flexibility allows you to choose the option that best suits your needs and circumstances.

The critical illness benefit provided by Zurich pays out a lump sum when the insured person is diagnosed with a covered critical illness and survives for at least 14 days after the diagnosis. This benefit can be used to cover medical expenses, maintain your lifestyle, or however you see fit. Additionally, Zurich's critical illness cover includes children's critical illness protection, ensuring that your family is comprehensively protected.

Zurich life insurance is available for people aged 16-69

Zurich life insurance provides financial protection for your loved ones in the event of your death or terminal illness diagnosis. It offers peace of mind and ensures your family's financial security is protected. Zurich's life cover is available to individuals aged 16 to 69, with flexible options to suit varying needs.

The application process involves seeking advice from a financial advisor or directly approaching Zurich. The cost of Zurich life insurance depends on standard factors such as age, health, and the desired level of cover. The company offers free benefits, such as life and critical illness cover during the application process, terminal illness benefit, and separation benefit for joint policies.

Zurich life insurance policies are highly rated, with 22 products currently rated 5 Stars by Defaqto, and the company itself is well-liked, with a Trustpilot rating of 4.0 out of 5 Stars. The policies are flexible, allowing for additional benefits and customisation to suit individual needs.

Zurich also provides support services, including qualified counselling and assistance with childcare, offered in partnership with Health Assured, Health Hero, and Crisis 24. The company offers a range of insurance types, including level-term (family) life insurance, decreasing (mortgage) life insurance, and family income benefit.

It is important to note that Zurich life insurance excludes claims for suicide within the first 12 months of the policy start date, which is a standard clause in most UK life insurance policies.

Zurich offers mortgage protection insurance

Mortgage protection insurance is a type of life insurance that helps secure the ownership of your home by paying off your outstanding mortgage in the event of your death. Zurich offers mortgage protection insurance with various benefits and optional add-ons. Here are some key features of Zurich's mortgage protection insurance:

Premiums Paid During Illness or Injury

Zurich offers a unique benefit where premiums are paid if you are unable to work due to illness or injury. This means that your policy remains active even if you are not able to work and generate an income. This benefit is provided free of charge.

Reinstatement Clause

The reinstatement clause allows for unpaid premiums to be repaid within three months of the due date of the first unpaid premium. This provides flexibility if you encounter financial difficulties and gives you time to get back on track with your payments.

Protection Continuation

Zurich's mortgage protection insurance allows you to extend the term of the cover at any stage without requiring evidence of health. This means that you can continue your coverage even if your health status changes or deteriorates over time.

Guaranteed Insurability

This policy provides the ability to increase the sum insured without further medical evidence if you take out a new mortgage or increase your existing one. This feature ensures that you can enhance your coverage as your financial needs change.

Serious Illness Cover

You have the option to add specified serious illness cover to your policy for an additional cost. This add-on will provide a payout if you are diagnosed with a specified serious illness within a specified term. Zurich's serious illness cover can give you financial support and peace of mind during challenging times.

Terminal Illness Cover

Zurich's mortgage protection insurance includes terminal illness cover, which provides the full amount of life cover if you are diagnosed with a terminal illness at least twelve months before the end of the term you have chosen. This benefit ensures that you can access the funds needed to make the most of the time remaining.

Optional Add-ons and Flexibility

Zurich's mortgage protection insurance offers a range of optional add-ons, such as convertible mortgage protection, which allows you to extend the benefits or convert your policy to a guaranteed term protection plan without a medical examination. The flexibility of Zurich's policies ensures that you can tailor the coverage to your specific needs.

Frequently asked questions