Halifax Life Insurance

Halifax is a division of the Bank of Scotland, PLC, its financial services arm that provides personal and corporate banking services encompassing loans and mortgage servicing, credit cards, savings and current account management, as well as investment banking and insurance. In the insurance industries, Halifax covers the entire gamut of insurable properties like homes and buildings, contents, healthcare, life, automobile, travel and pet insurances.

Life Insurance Options

Halifax specializes in heath care protection plans for the family with life insurance thrown in. Here is its insurance product portfolio:

Over 50 Guaranteed Life Plan: If you�re age is between 50 and 75, this offers a guaranteed lump sum payout to your beneficiaries for as low as �10 a month in premiums. After you�ve reach the age of 90, no more monthly premiums will accrue.

Life and Critical Illness: There are no details on this in the site abut presumably it offers competitive features like providing a lump sum payment in the event the policy holder dies or is diagnosed with terminal illness during the term of the insurance policy. Halifax advises interested parties to book an appointment with its Personal Financial Advisor who can give competent advice on its insurance products and entertain application either by phone or a visit in any of its bank branches.

Health Protection Plan: Covers three areas relevant to life insurance:

Accidental Death plan: provides a worldwide cover of up to �50,000 lump sum accidental death cover for all types of occupation

Home Accident Plan: This aims to cover DIY and at home accidents that include the accidental death plan discussed above and a permanent disability coverage, a 50 per week payout for fractures and dislocations for up to 26 weeks and a 50 per day allowance for hospitalization up to 100 days.

Personal Accident Plan: This covers just about most injuries that include a �75,000 payout for permanent disability, �50,000 for fatal accident, �7,500 for burns, �1,000 for factures and up to �100 per day when hospitalized.

The Halifax site allows instant online quotes and form application and unless you are already an existing Halifax online banking client, you need to provide your bank account details in the online application form.

Competitive Insurance Features

If you die within the first 2 years of the policy for reasons other than accidental death, your beneficiaries get the back all the premiums already paid.

Its life insurance plans carry no cash value and can be terminated at anytime during its policy term. If you stop premium payments, the policy ends 30 days after the missed payment date.

Insurance policies have the flexibility to pay in one lump sum or in monthly installments to help in a more prudent family budget when you�re gone.

Unique and Promotional Features

The policies allows for regular review that can assess the value of your insurance amidst inflation and other economic factors that may adversely reduce its value form what you expect your family will need when you�re no longer there to support them.

There�s guaranteed acceptance, no medical inquiries at the time of application and a 25% discount for your partner in a joint insurance policy. Cash payouts for its accidental death plans are tax-exempt.